THE ECONOMICS OF CAR SHARING – Part II

It costs you thousands of dollars a year to own a car in the city, especially if you factor in all the hidden costs, including parking!

CAR  OWNING    V/S     CAR  SHARING

Owning A Car CAR-Share
Car:
Toyota Yaris 5 dr Automatic Hatch
A great range of new cars perfect for the city or a weekend getaway.
Initial Car Purchase Price
$19,500
Membership prepaid per year
$108 or $348 per year
Depreciation
$3656
Depreciation
$0
Finance charges/interest
$1560
Finance charges/interest
$0
Insurance, registration
$2016
Insurance, registration
$0
Petrol, servicing, tyres
$2344
Petrol, servicing, tyres
.35cents per km
Hassle Time
2 hours per month
Hassle Time
None – we wash the cars, stand in queues and get them serviced.
Total
$898 a month with hassle time
$798 a month without it
Total
If you drive 1-2 times a month:
About $35 a month + no hassles
If you drive 1-2 times a week:
About $200 a month no hassles
If you drive 3-4 times a week:
About $350 a month + no hassles
Parking in the inner city
$0-270
Car share Parking
$0/month
These cars have good dedicated parking spots that are well-located, safe and well-lit at night.
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