Is it cheaper not to own a car?

Cheaper Than Owning. For infrequent users, both car rentals and car-sharing are cheaper than owning a car. According to the AAA study, owning a car costs the average driver $4,580 to $7,173 per year. By contrast, using Zipcar for short trips 10 times per month would cost around $2,500 a year.



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There are alternatives to going places If you can tolerate such inconveniences, you can save money in the long run by not having to buy an expensive vehicle, especially if you don't need to commute daily. Another traveling alternative is using ride-sharing services like Uber.

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Honestly, whether you could get around without a car or not all depends on you and where you live. You will need to consider your situation and the services available in your area, your ability to carpool or work from home, and how far you're willing to walk or bike. Living without a car is not for everyone.

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Take Public Transportation Public transportation is fantastic as a car alternative. Depending on your city, you probably have access to at least one of these: Bus: You can find these is just about any city. Subway: New York City, Philadelphia, Boston and Los Angeles are just some examples of U.S. cities with subways.

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