Quote:
Originally Posted by DoubleF
One thing I wondered was how often it makes more sense to spend $30K on a vehicle, or Uber every day.
Assuming $60 a day round trip, that's 500 days. 50 weeks a year, 5 days a week mean that's around 2 years worth of Uber. Potentially more on just commuting if you're hybrid and not in office 5 days a week. Double that to almost 4 years of commutes on a $60K vehicle.
That's without factoring in earning interest on the $30K, Uber One, fuel, insurance, repairs, parking and other operating costs once you have a vehicle. It depends many other factors like if you have many other non commuting trips though.
Lots of people seem to hate vehicle ownership/driving which is why I wonder. I don't think they realize that they might fit in a situation where it's $10-15K a year on Uber vs $15K+ a year on average for vehicle ownership (ICE, Hybrid or EV).
It's an efficiency/flexibility trade off. Flexibility is obviously a deal breaker for many.
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Yeah, if you own one you are incentivized to use it all the time to minimize the cost per mile. As the price of the car decreases, more of the share of expense is operating cost though. If someone just gave you an old car that would work for 2 years, you could still run the analysis.
After COVID, rental cars were booked out all the time on short notice, so I started using Lyft/Uber to go everywhere when traveling. At first I was scared of how expensive it might be, but I think for the most part, it is cheaper and more convenient than a rental car.