There's no doubt that there are many benefits to living without a car. The perks of a car-free life include: Savings. ... Aside from the cost of the car itself, you have to pay for gas, insurance, maintenance, and, depending on where you live, parking and tolls.
Saving money
Experian estimates that the US average new car payment is $554 per month, not counting insurance, gas, parking, and repairs. By not owning a car in the Bay Area specifically, I'll be saving around $14,625 per year, according to Fortune.
Is it cheaper to live without a car? Yes, it is cheaper to live without a car. You'll save money each month by not having a car payment, but it helped me save money on car insurance, maintenance and gas as well.
Advantages of not having a car
Alternative options to owning a car.
Using your savings is the cheapest option for buying a car, while personal loans are usually the cheapest way to borrow to buy a car, but only if you have a good credit history.
According to the same AAA report, owning a car can set you back $10,663 on average. Compare this to the average Uber price, coming in at $0.80 per mile. Assuming you'll travel 10,000 miles per year (a common average for commuters), you'll pay about $8,000 a year, making Uber slightly cheaper.
It's perfectly OK to not drive. ... I drive because I have to or if someone else wants me to not because it's a status symbol. You can very well be getting some more important stuff done rather than cussing the guy who just cut into your lane.
Driving to work can eat up your time, stress you out, and pollute the air.
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Other cities in list's top ten include:
Find that list and a little more information about each city below:
While it can be frustrating and embarrassing to not have a car, you're really okay with it. You've lived this long without your own car, so what's a little longer without one? You still aren't paying car insurance and you still don't have to worry about how much gas is in your tank. Enjoy the free rides while you can.
But going car-free has its downsides too. The fact is, in many parts of this country, it's really hard to get anywhere without a car. And even when it's possible to get where you're going by bus, by bike, or on foot, it often takes a lot longer than driving. Living without a car is easier in some places than others.
The short answer is probably around $1,000. That's around the figure that most people living in their cars tend to arrive at. The long answer is that it really depends on your lifestyle, how frugal you are, and the cost of accommodation in the area where you live.
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