eGo CarShare vs. Owning

Let’s face it, owning a car is expensive. When you total up your purchase/lease payments, gas, maintenance, insurance, and registration costs, AAA estimates that it costs the average American $7,835 to drive a sedan 10,000 miles per year. That’s $650 per month or $78 for every hundred miles, much more than just the price of gas!

CarSharing can save you money!

eGo vs Car Ownership

CarSharing means CostSharing

Some driving costs are variable, like gas and maintenance, while ownership costs are fixed, like insurance and registration. Since eGo CarShare vehicles are used efficiently by multiple people every day, each of our members pays only a little bit of the fixed ownership costs (instead of all of them), and since ownership costs make of 77% of the total vehicle cost, the savings can be significant.

How significant those savings are depends on how you drive. Our members only pay for the time and distance they drive our cars. This is great news, because it means they’re not paying for something they’re not using. It’s perfect for someone who needs a car to run errands around town, or get into the mountains on weekends.

However, it also means that if you drive a car to work, then let it sit unused all day in the parking lot, carsharing may not be for you. If this is the case, think about alternative means of getting to your routine destinations. Can you walk, bike, carpool, bus, or take the light rail there? If so, there are considerable savings in giving up your car. Our general rule is that if you drive less than 10,000 miles per year and don’t need your car to get to work every day, carsharing instead of owning could save you money. See our rates or trip cost calculator for more information.