Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
Owning a car vs. Uber and Zipcar 2021
How often must you drive to make buying a car worth it?
Updated
If you live in a buzzing metropolis, you’ve likely asked yourself whether owning a car is worth the money. Finder ran the numbers for a closer look, comparing the costs associated with owning a car to taking an Uber and cars on demand with Zipcar.
Bottom line: Depending on how often you drive, you may want to rethink buying that next set of wheels.
See the end of the article to see how we worked all this out
What did we find?
Two factors played a role in working out the cheapest transportation option among owning a car, Uber and Zipcar:
- How often you drive
- How long your trips are
If you plan on getting behind the wheel only a couple of times a week for an hour at a time, a Zipcar membership is your cheapest option at an average cost of $1,236 a year. Surprisingly, buying a car works out as the next cheapest option at $7,805, with Uber costing you a whopping $8,971.20 a year.
In fact, Zipcar is your cheapest option until just after you hit your 12th hourlong trip in a week, when buying a car outright takes over as cheapest. What’s consistent in all of these hourlong scenarios? Over the course of a year, Uber is your most expensive choice for getting around.
But what if you want to use a Zipcar or Uber as your personal conveyance every day? You’re looking at spending a whole bunch of money you don’t need to, because it’s three times more expensive to take a Zipcar every day and four times more expensive to be chauffeured around in an Uber every day than to own a car outright.
60-minute trips a week | 2018 Nissan Sentra (with loan) | Zipcar | Uber |
---|---|---|---|
2 | $ 7,805 | $1,236 | $8,971 |
6 | $ 7,805 | $3,540 | $26,914 |
12 | $ 7,805 | $6,996 | $53,827 |
20 | $ 7,805 | $11,604 | $89,712 |
Doesn’t sound like the trips you’d be making?
Not all your trips will be hourlong jaunts, and you probably won’t need these options every day. Here’s what specific scenarios will cost you, according to Finder research.
The university student
You may not need a car all that often if you’re a student living on campus. If you take four 30-minute trips weekly, here’s what you’d spend over a year:
Option | Annual cost |
---|---|
2018 Nissan Sentra | $7,805 |
2018 Nissan Sentra | $7,246 |
Zipcar | $2,388 |
Uber | $8,986 |
The office worker
You’re a nine-to-fiver, grinding away with the hope of weekend respite. In this scenario, you’ve got a 45-minute commute to work each way. Throw in a couple of 45-minute trips on the weekend — totaling 12 for the week — and you’re looking at an annual cost of:
Option | Annual cost |
---|---|
2018 Nissan Sentra | $7,805 |
2018 Nissan Sentra | $7,246 |
Zipcar | $6,996 |
Uber | $40,393 |
The stay-at-home parent
Your days are packed with running errands, whether ducking into stores for milk, picking the kids up from school or escaping the family for a little bit of “me time.”
If you made just 16 15-minute trips a week, your annual costs would run you:
Option | Annual cost |
---|---|
2018 Nissan Sentra | $7,805 |
2018 Nissan Sentra | $7,246 |
Zipcar | $9,300 |
Uber | $20,024 |
Which option is best for you?
As you can see, how often you use your car and for how long each time largely determines the cost you’ll pay over a year. Which means that ultimately it comes down to your own circumstances. If you’re a city dweller that seldom gets behind the wheel, you’re better off opting for a Zipcar. If you’re a commuter who plans to drive between home and work each day, you may want to buy your own car outright.
More guides on Finder
-
Hartville pet insurance review 2021
Discover a pet insurance plan that works for most budgets without sacrificing customer experience.
-
Banfield pet insurance review Mar 2021
Go for Banfield wellness plans covering many routine services if you’re willing to overlook its poor reputation.
-
Buying a car vs. driving a Zipcar
Which option is best for you depends on where you live and how often you need to drive.
-
How Uber is helping me pay off my car loan
I put away $200 a week by driving a few hours every weekend.
-
Compare the cheapest new cars of 2019
Explore 10 picks under $20,000.
-
Car ownership vs. carsharing vs. car subscription
The right option for you depends on how often you drive.
-
Compare car manufacturer warranties
Find out how long you’re covered and extra features you can take advantage of.
-
Best small cars of 2021
Compare 7 models based on their MSRP, fuel efficiency, spaciousness and more.
-
Lyft vs. Uber: Side-by-side comparison for drivers
Compare the companies side by side to see which one you should drive for.
-
Financing a car for Uber
Thinking about renting? You’ll have to go through an approved partner.
Ask an Expert