Could You Get By Without Owning a Car?

Drivenow BMW i3

Services such as ZipCar, DriveNow, and Car2Go are in, or planning to expand in, many of the larger cities in the United States. The concept is simple: Find a car, drive to where you need to go, park your car, and move on. Some companies, such as ZipCar, require the car to be returned to the same place where it was rented while other companies allow for the car to be left wherever it was parked.

BMW owns DriveNow and Daimler, which owns Mercedes-Benz, owns Car2Go. Both companies have sizable investments in the short-term car rental business, but how viable is car-sharing when compared to car ownership?

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Could Car Sharing Go Luxury?

2015 Mercedes-Benz GLA250

Even when sitting parked in the garage, a car costs big money.

Owning a car is like having a constantly running meter of dollar signs adding to your monthly financial obligations. Things like insurance, fuel, maintenance, parking and loan payments contribute to the gigantic price of owning a vehicle.

Not driving your car certainly reduces the costs of having it, but you’ll never eliminate the financial obligations of car ownership.

Public transportation is a viable option when trying to reduce or eliminate commuting costs. The tradeoff, though, is becoming reliant on someone else’s schedule and being forced to interact with certain members of humanity you otherwise might choose to avoid.

Car sharing is a fairly new phenomenon and might be just the solution for those who need to reduce their transportation costs but don’t want to give up the freedom of having a car. If only some cooler cars were available….

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