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An Alternative to Buying a Car? Sharing One

Started by Epoch-Times-Bot, Nov 25, 2022, 02:00 PM

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Epoch-Times-Bot

Nov 25, 2022, 02:00 PM
An Alternative to Buying a Car? Sharing One

By Katherine Reynolds Lewis
From Kiplinger’s Personal Finance
Buying a new or even used vehicle these days is expensive, but there's a less expensive option: car sharing.
Companies like Turo, Getaround and Zipcar are a twist on traditional rental car companies. These services let you find a car near your home, unlock it with an app on your smartphone, drive it without needing to stand in line or wait for keys at a car rental location, and return it to the same or a nearby location after you're done.
When considering whether to own or share a car, look at the total cost of ownership, including interest on a car loan, insurance, maintenance, taxes and gas....

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