Running our errands, going to work, going on a road trip, going to school, pick up kids, etc.. All of these are only possible with a car. Without a car, there is practically no life.
Indeed, it might sound extremely interesting to own a car. Because of the freedom that comes it. In fact, the ability to just pick up your car and go where ever you want and do whatever you want. That is priceless.
Furthermore, if you have an emergency, possessing a car will go a long way. Plus, it is very convenient if you are looking to run some privacy errands. Also, if you live in a remote area or a suburb without a car, you can’t be effective.
Nevertheless, in today’s environment, disruptive opportunities are making it less relevant to own a car.
Kevin O’Leary, one of the most famous entrepreneurs of our generation summarizes everything in the following quote :
You’re thinking about buying a car. Let me give you a new idea: Don’t.
Instead insists O’Leary use a shared ride service like uber and you will save HUNDRED OF DOLLARS a year on insurance, lease payment, gas, parking, maintenance, and everything in between.
To be sure, O’Leary is not asking us to ditch our car, he is asking us to opt for temporary options; rather than, permanent options because of all the expenses that come with ownership.
Basically, referring to a model known as use as you go. By doing so you will save money.
Full video here publish on CNBC make it:
That is how ride-sharing apps like uber could save you money. Just thinking of how many hours a week you effectively utilize your car. Nonetheless, it only makes sense in certain geographic zones such as urban cities and some suburbs.
Also, if you have a big family, I am not sure how ride-sharing apps could you save money. Because of all the activities, you have to do as a family.