Car Ownership Costs vs. Car Share Scheme Costs
There are many factors that impact car ownership costs:
Age of the vehicle
Maintenance and running costs
The purchase price
The size of a car
These annual estimates do not include extra costs such as driver license renewal, extended warranties, breakdown service subscriptions, diesel road user charges, and additional parking.
Car ownership costs for a small car (based on estimates from the Automobile Association Dec 2018)
$33.30 per day (including fixed and flexible costs, ie insurance, WOF, licensing, parking permits, fuel, repairs, maintenance etc)
$12,295 per year (including residents permit)
Car share costs for a small car (based on individual trips rather than a weekly membership plan from local car share schemes in operation)
$15 per hour
$85 per day (capped amount; includes fuel, insurance, registration, maintenance, repair, city parking)
$3,650 - $5,475 per year (Driving a 10k-at-a-time trip once per day every day of the year would be approximately this much, give or take your distance)
Therefore, a person could hire a car share for approximately 2.5 days per week every week of the year for the same cost as owning a car, with the added bonus of no annual parking permit fee, driving a modern electric vehicle, no responsibilities that come with car ownership, and not having to worry about depreciating value.
**all costs are educated estimates, prices may differentiate on each individual person's situation**
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