Which is more economical to buy a car or a taxi to rely on software, what?

Uber really can completely replace the car in the city in the United States to buy? Let’s look at these data.

Uber CEO Travis Kalanick maintained their travel service on demand eventually will completely replace the car to buy. He is convinced that one day, all Uber cars appeared on the road can realize unmanned. Technology progress and fierce competition have repeatedly lowered the cost of a ride sharing system in peer-to-peer networks there is no denying the fact that the beneficiary has always been the vast number of consumer groups. So, for the typical American dream and have any special meaning? Means house, car and the child? Or I’ll tell you, in fact is not such.

about two years ago, I sold my 2000 Lexus GS 300, and then replaced by a modern single speed Pure Fix a commuter. Two years later, I still ride a bike to go to work every morning. If the distance is far from five miles, or all of a sudden I don’t want to exercise, I will call a Uber. I have a passion for Uber safety and convenient, the overall quality of their cars are excellent. In particular, as a young black woman, I’m always at ease, because I never have to deal with the police in the Uber car.

because I always doubt that owning a car is a huge and there is no need to financial liabilities, so I did some calculation before I sell the car. Like their discarded DMV, rely solely on Uber, really is feasible? After all, I live in the United States in Los Angeles, the most complex urban transportation, also, this is also a city made of the internal combustion engine. Of course, this calculation is not say so simple, you should not only have a little mathematical mind, still have to Google it from time to time.

annual cost of owning a car

, according to a 2014 survey of AAA in the United States, with a medium car and driving cost is $8876 a year, mainly divided into the following six cost:

l value ($4260)

l fuel ($2130)

l interest ($976)

l insurance ($887)

l maintenance and repair ($355)

l registration fees and taxes ($355)

in small cars, for example: the Chevrolet cruze, ford focus and Honda civic, gas cost per mile, tyres and car maintenance cost a total of about: $0.16, total for the whole year (assuming a year driving 15000 miles) cost: $6957.

midsize sedan, for example: ford fusion, Honda accord and Toyota camry, gas cost per mile, tyres and car maintenance cost a total of about: $0.19, total for the whole year (assuming a year driving 15000 miles) cost: $8839.

in pickup trucks, for example: dodge caravan, Honda Odyssey or kia ka wah, gas cost per mile, tyres and car maintenance cost a total of about: $0.21, total for the whole year (assuming a year driving 15000 miles) cost: $9753.

in large cars, for example: 300 Chrysler, ford Taurus or nissan swift horse, gas cost per mile, tyres and car maintenance cost a total of about: $0.21, total for the whole year (assuming a year driving 15000 miles) cost: $10831.

in large suvs, for example: the ford explorer, the grand Cherokee or nissan pathfinder, gas cost per mile, tyres and car maintenance cost a total of about: $0.23, total for the whole year (assuming a year driving 15000 miles) cost: $11039.

in luxury SUV, for example: the porsche cayenne, jaguar XK, west sierra or infiniti QX56, tyres and car maintenance cost a total of about: 0.31, for a total (assuming a year driving 15000 MPH) cost: $15250.

l traffic ticket ($75)

now, we add the cost of transportation such as speeding tickets and have a look. Motorists association international (NMA) show that americans pay for their tickets as much as $15 billion a year, the ticket number is as high as 50 million, an average is $75 per person per year. NMA also said the average six years americans will get a speeding ticket, this will let him in the course of his life insurance surcharge of amortization of about $300 every year.

l parking fee ($1300)

according to ABC’s survey, the average American spends $1300 on the parking fee, but this is higher than premium and vehicle maintenance.

l opportunity cost ($2493)

the value of your time, it may be overlooked by the americans a overhead. You spend every hour on the drive can be used to do any of the other more meaningful things, such as exchanging email on a mobile phone, to prepare for a meeting notes, reading the news or research a new topic. These times are you loss of productivity. , according to the bureau of labor statistics data, the American people’s average income is $24.45 per hour, one of the highest income is the public utility service personnel, about $34.45 an hour, the lowest income is unemployed, about $13.86 an hour. In 2011, the average daily commute one-way spend time on the road about 25.5 minutes, back and forth is 51 minutes, is 4.25 hours a week, a month is 17 hours, 204 hours each year. If americans average income per hour can be used to calculate, we is not hard to find, because their commute lost productivity, they lost about $4987 a year. Assume that everyone can use alternative means of transportation, (such as Uber), and on the way, there are 50% of productivity, so the opportunity cost can be reduced to $2493 a year.

all in all, if we add up all the cost, we can find the in the United States the cost of owning a car is about $12744 a year ($1062) a month . The number and consumer reports also perfectly, the latter also estimates that each year for every car consumption is about $9100 (not counting the opportunity cost) – small cars and the prius is about $5000, about $16000 in luxury cars and suvs.

annual expenditure use Uber

it is time for Uber over your mobile phone. Although there are many other on-demand taxi company, we usually use only Uber, because the company more detailed data. Uber, like many of its rivals, as long as you pay 20% to 30% of the cab fare will be able to enjoy the collection of reliable, convenient and costly to a service. If you go to use it anywhere (go to school, to work, and even to club). But first, we need to have a few ideas:

l we live in can use one of the 64 cities of Uber

users only use Uber X l (than take taxi or use Uber Black 20% cheaper)

l user besides Uber X does not use any other vehicles

l users to avoid prices have a flexible schedule

l users in the use of Uber X 50% during the period of productivity

l users wait for Uber X time is around 5-10 minutes

Uber based in Los Angeles fee is $0.8, plus $0.21 per minute and the cost of $1.1 per mile, these you can be seen on valuation table.

according to the federal highway administration (FHWA), according to a report of 13476 miles per year on average, American drivers “average commuting distance is about 25.2 miles. You must be curious, because about 13000 miles from New York to Los Angeles two back and forth. Finally, the United States census bureau estimated the average commuting time 25.5 minutes (the longest is 31.9 minutes in Chicago, the shortest is Columbus Ohio 21.8 minutes). Since there is no more data, we can only assume the average commuting time and time can be controlled to other destinations (going to the grocery store, bar, club, hospital, my friend’s house, etc.).

now, we know that the average American long drive 534 times a year, that is 1.47 times per day (2.05) each day. They will spend 13588 minutes in a year for commuters, an average 37.1 minutes a day (52 minutes each day). These figures sounds very reasonable.

to $1.1 per mile, every minute of the day the price of $0.21 and $0.8 per trip, every American people need to pay the Uber basic fare of $427 (534 * 0.8), to calculate the costs $14823 per mile (13476 * 1.1), to calculate the cost of $2880 per minute (534 * 25.5 * 25.5).

l basic fare ($427)

l to calculate the cost per mile ($14823)

l per minute to calculate the cost of ($2863)

in other words, the if you go to anywhere with Uber X, you spend about $18115 a year ($1509) a month . Unfortunately, even if you don’t have to consider depreciation, fuel, interest, insurance, maintenance, repair, registration fees, taxes, parking fees, speeding ticket and opportunity cost, Uber or than driving to spend a little more. So, own and drive a mid-size cars should be cheaper.

what’s reasonable or not, “travel distance” word

the average is a good thing, but actually, everyone is with us to create the model of a series of calculation. In order to help understand, below I compress these two models:

a year with the cost of car=annual depreciation + fuel each year, the annual premium on annual interest + + for repairs to the annual maintenance fee + year + annual registration fee, parking fee + year tax + each year the opportunity cost of a year, a speeding ticket +

a year Uber cost + (how many miles/average commuting distance * 0.8) + (how many miles * 1.1) + (how many miles/average commuting distance * * 0.21 average commuting time)

in this model, we use a intersection skillfully dealt with several variables – in this case, the 9481 – mile – the cost of owning a car and use UberX cost is the same. Suppose you have a mid-size sedan, you spent $12744 to buy it, and you travel 9481 miles a year, then it doesn’t matter why don’t you have a car, their cost is the same.

1 example: (owning a car is cheaper)

Miles:

one year 13476 miles,

average commuting distance: 25.2 miles,

: the average working hours 25 minutes,

the cost of owning a car: $12744,

use UberX cost: $18115.06.

example 2: (the costs)

Miles:

one year 9481 miles,

average commuting distance: 25.2 miles,

: the average working hours 25 minutes,

the cost of owning a car: $12744,

use UberX cost: $12744.

example 3: (use cheaper UberX)

Miles:

one year 5000 miles,

average commuting distance: 25.2 miles,

: the average working hours 25 minutes,

the cost of owning a car: $12744,

use UberX cost: $6721.

Conclusion

:

in that case, you should understand. for 13476 miles on the American people a year, owning a car will have to pay them $12744 a year, and where to use UberX costs $18115.

however, in less than 9481 miles of americans should consider owning a car is worth, because use UberX will be cheaper.

whether Uber X, UberPool, Lyft, LyftLine or sidecars, decide which cheaper transportation is the only factor you driving mileage. If you and I don’t like, I suggest that you bring your variable into the model to calculate a calculate, to your own conclusions.

(final statement: I don’t have any relationship and Uber)

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