Have you ever wondered what those services would cost if you didn’t own a car and relied on them exclusively?
AAA ran the numbers for you. The average urban driver logs about 10,841 miles on their car each year, says AAA.
Operating your own car costs you about $7,321 each year, or 68 cents per mile. (That includes fuel, insurance, parking, and the cost of the car itself).
A ride-sharing service for the same number of miles would cost you about $20,118, says the automobile guru.
(Of course, if you live in New York or San Francisco and would pay astronomical rates for parking, your cost calculation may be entirely different).
So if you have good public transportation where you live or just use a ride service occasionally, those ride-sharing services can be a huge convenience and also a good money-saver (not to mention better for the environment).
But if you use a ride-hailing service every day, you may find that owning your own car is still the way to go.