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I Don’t Own, I Uber: A Year Without a Car, by Megan Quinn

Megan Quinn I Don t Own I Uber What s The Future of Work Medium


Car (August 2013-August 2014)

Apartment Parking Space: $350/month x 12 months = $4,200 [1]

Gas: 23 gallons x $3.75/gallon = $86.25, $86.25 x 52 weeks = $4,485 [2]

Insurance: $133 x 12 months = $1,596 [3]

That’s $10,281/year right there for just the basics, not factoring in normal servicing, repairs, car washes, other parking, tolls or tickets (and there weretickets). And of course, that’s not including the amortized cost for the purchase of the car in the first place. It’s just the bare annual minimum.

This also doesn’t include the additional Uber, taxi or public transportation fares I had throughout the year when I wasn’t driving — for example, after drinks or when traveling in other cities.

Uber (August 2014-August 2015)

Total cost: $4,655.79

That’s a dramatic difference in cost. But to be fair, I had to rent a car 3–4 times in the last year for an additional $1k or so combined. And of course, like the year before, this doesn’t factor in public transportation costs, etc.

Stashed in: Cars!, Awesome, Uber, Self-driving Cars, Medium, Uber, @msquinn, Personal Finance

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Okay but if you don't have to pay for a parking space and you get better gas mileage and you have cheaper insurance, Uber is not cheaper than owning a car.

In other words, this analysis does not work for everyone. Your mileage may vary.

Still, it's a well written article and kudos to Megan Quinn for the thought provoking post.

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