The price of a cab ride is surprisingly affordable when you consider what it costs to operate your own car. The fees for insurance, fuel and daily wear-and-tear can add up to many thousands of dollars per year. Some people can actually save on transportation costs by riding in taxicabs instead of driving.
According to a recent report from AAA Motor Club, the average cost of owning and operating a vehicle is more than $9,000 per year. AAA’s annual study of car ownership considers five expense categories: gasoline, tires, insurance, vehicle depreciation and maintenance. Additional costs that were not included in the AAA study include car payments, license renewals and parking fees.
People who only drive only a few miles per week can save a lot of money by riding in taxis instead. In fact, you could take a 7-mile cab ride every single day of the year for less than it costs to own a car. That is something to ponder.
Here is why car ownership is so expensive. No matter how many miles you travel or how safely you drive, car insurance averages more than $1,000 per year. Vehicle depreciation runs about $3,500 per year. Gasoline, repairs, maintenance and tire wear add additional expense for each mile driven. Of course, a smaller sedan costs a bit less to own than a medium sedan, but larger cars, minivans and SUVs cost considerably more.
There are not too many ways to reduce transportation costs when you own a car. If you drive many thousands of miles each year, it is probably worth the expense; but, if you only drive a few miles now and then, you can call a cab and save on transportation costs. Gainesville Maroon Cab is on duty 24-hours a day for quick response, courteous service and affordable cab rides in Florida.