| Owning a Car (Toyota Yaris 5 door automatic hatch) | Leading Traditional Car Share Service | Car Next Door | |
|---|---|---|---|
| Initial purchase price or joining fee | $20,000 | $25-$49 | $0 |
| Depreciation | $2,390 | $0 | $0 |
| Finance charges / interest | $775 | $0 | $0 |
| Insurance / registration | $2,260 | $0 | $0 |
| Petrol, servicing, tyres | 16c/km | 40c/km (after included kms) | 33c/km |
| Residents’ Parking Permit | $0-$270 | $0 | $0 |
| Annual membership fee | $0 | $108-$348 | $0-$228 |
| Hourly / daily cost to reduce insurance excess to lowest available level (when on frequent user plan) | N/A | $1/hr (min $5,booking) or $18/day | $0 |
| Total Monthly Cost | |||
| Light Use: driving twice a month (one 3-hour booking and one all-day booking each month) | $465 | $145 | $105 |
| Medium Use: driving 1-2 times a week (three 3-hour bookings and two all-day bookings each month) | $482 | $315 | $190 |
| Frequent Use: driving three times a week (seven 3-hour bookings and five full-day bookings a month) | $526 | $650 | $430 |
Notes: There are a lot of variables involved in these comparisons. To keep things simple, we’ve looked at a typical scenario for someone who drives occasionally around the city, and wants to reduce their risk by opting for the lowest possible excess. We assume that for each 3-hour booking you’ll drive 30km and on each all-day booking you’ll drive 50km. If you want a detailed cost comparison for a different kind of car use (e.g. if you take frequent long trips, or are comfortable with a high excess, or want to compare against another car share company) please read this post or get in touch!