Car ownership is less tied to independence than it used to be. The rideshare economy, which makes transportation available around the clock at a moment's notice, has changed this relationship, even in the car-dependent Southwest that we call home. Although older adults are among the least excited about giving up private car ownership, it may be there are some factors that could influence this decision. One consideration that is too often overlooked is the financial cost of owning your own vehicle. If the price of Uber, Lyft, or GoGoGrandparent seems like an unwelcome budget item, consider the costs you may save by not owning a car. Even if you have already paid for the car itself, you are still incurring costs for insurance, maintenance, repairs, gas, and tires.
If you added up what it costs to drive your car for a year, how much would it be? Depending on driving patterns, estimates average out to between 56 cents per mile to up to 75 cents per mile. If you are interested in learning more about many factors that may drive (sorry) your decisions about owning and operating your own car, as well as realistic alternatives available to you for transportation, please join success matters on Tuesday, Oct. 23rd, at 1:00PM in the Agelink Great Room.*
Get involved!
Comments