Earlier this week we saw how owning a new car can cost close to $1,000 per month. That cost is part of the reasoning behind car sharing services such as ZipCar and ReachNow, which offer inexpensive and convenient short-term car rentals.
Car sharing can be a perfect money-saving solution for people in urban areas who don’t need a car every day, but do require occasional personal transportation.
What about the other end of things, though? What about the guy or gal who did purchase that new car and is watching the costs pile up while the bank account slims down?
There’s a new solution for those people, too, but it might be a good idea to resist temptation and avoid it, at least for now.