zipcar vs owning a car 50% cheaper

Zipcar vs. Owning a car

zipcar vs owning a car 50% cheaper

Is Zipcar cheaper than owning a car?

We believe car sharing is the future of responsible city living and our research suggests that utilising Zipcar can save you up to 50% against the average cost of owning and running a car.

Zipcar conducted research into the average cost of owning a Ford Fiesta (Britain’s most popular car) in Wimbledon in South London over a year, looking at everything from insurance and parking to petrol, tax, maintenance and charges like Congestion and the Ultra Low Emission Zone (ULEZ). We then compared this to the cost to car sharing the same type of car in the same area and with the same mileage.

The results speak for themselves: the total cost of owning a car over the course of a year came to £4,283, while sharing the same car for the same amount of time and mileage came to just £1,700 (providing you’re on our plus package) – over half the cost of owning and running the same car. Saving was apparent on all the different packages Zipcar offer with the Smart plan costing you £2,100 and our free plan worked out at £2,700.

zipcar vs owning a car 50% cheaper based on 12560 miles driven over the year

 

References

Depreciation - Money Calculator -  https://www.themoneycalculator.com/vehicle-finance/calculators/car-depreciation-by-make-and-model/FORD/FIESTA/

Car Insurance - Compare The Market quote - https://www.comparethemarket.com/car-insurance/

Parking Permit - Merton Council -  https://www.merton.gov.uk/streets-parking-transport/parking/permits/resident#titleCol20

Fuel - Gov UK -  https://www.gov.uk/government/statistical-data-sets/average-speed-delay-and-reliability-of-travel-times-cgn

Fuel - Inrix -  http://inrix.com/press-releases/scorecard-2018-uk/

Fuel - Fleet News -  https://www.fleetnews.co.uk/costs/fuel-cost-calculator/?FuelType=0&PencePerLitre=125.55&Mileage=12560&ManufacturerId=67&ModelGroupId=531&DerivativeId=98961

Tax - Gov UK -  https://www.gov.uk/vehicle-tax-rate-tables

Repairs and Breakdown - The Car Expert -  https://www.thecarexpert.co.uk/average-car-costs-more-than-160-per-month-to-run/

ULEZ & Congestion Charge - Tfl - https://tfl.gov.uk/modes/driving/congestion-charge

MOT - Gov UK -  https://www.gov.uk/getting-an-mot/mot-test-fees

Service - Money Advice Service -  https://www.moneyadviceservice.org.uk/en/articles/tips-on-servicing-and-maintaining-your-car#how-often-should-a-car-be-serviced

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Zipcar vs Owning your own car

It’s up to 50% cheaper to use Zipcar than owning your own car. Time to ditch the car and start car sharing.