This Calculator Tells You If It’s Cheaper To Use Uber Than Own A Car

This Calculator Tells You If It’s Cheaper To Use Uber Than Own A Car

“Taking Uber or Lyft to and from work and to run errands might seem more expensive than driving yourself–but in many cases, relying on a ride-hailing service is cheaper than buying and using a car of your own. A new calculator compares both scenarios, and might help you decide to ditch car ownership entirely.”

Key findings

This calculator aims to compare the true cost of vehicle ownership with mobility services, considering costs such as loans, maintenance, insurance, gas, and the value of your time.

“The researchers wanted to challenge the common assumption that owning a car is the better choice.”

“One report suggested that taking electric, self-driving taxis could be 10 times cheaper than owning a car by 2030."

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