Ditching your car could save you over $10,000 a year
#1
06-04-2014, 05:10 AM
Ditching your car could save you over $10,000 a year
Filed under: Transportation Alternatives, USA
Looking to line your pockets with some extra cash? Perhaps it's time to give up driving. A sobering report from the American Public Transportation Association (APTA) says that people using public transit in the 20 cities with the most riders save an average of $848 dollars a month, or $10,181 a year. Riders in New York see the greatest benefit, saving an average of $15,041 from January to December.
Of the 20 cities included in the report, all but four (Atlanta, Miami, Dallas, and Las Vegas) showed annual savings less than $10,000, with the lowest being $9,364. See the full list, broken down by monthly and annual savings, below.
Are you not quite the "average" driver? You can find out how much you'd save in fuel by switching to public transportation using this calculator (you'll have to do the math for your other driving costs yourself).
Whether or not you'd save the amounts that APTA claims, there is the other obvious benefit to using more public transportation. Try this carbon calculator if you want to see what impact your switch to public transit would have on the environment.Continue reading Ditching your car could save you over $10,000 a year
Ditching your car could save you over $10,000 a year originally appeared on AutoblogGreen on Wed, 04 Jun 2014 08:00:00 EST. Please see our terms for use of feeds.
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Looking to line your pockets with some extra cash? Perhaps it's time to give up driving. A sobering report from the American Public Transportation Association (APTA) says that people using public transit in the 20 cities with the most riders save an average of $848 dollars a month, or $10,181 a year. Riders in New York see the greatest benefit, saving an average of $15,041 from January to December.
The APTA tried to determine how much a person could save by using public transit and "living with one less car."
These figures are based on the APTA's May Transit Savings Report, which tries to determine how much a person in a two-person household can save by using public transit and "living with one less car." The report calculates the cost of driving by taking into account the cost of gas, maintenance, and tires, as well as insurance, license registration, depreciation, finance charges, and parking costs. This average driver used in the calculations gets 23.1 miles per gallon over the 15,000 miles they drive in a year, pays $3.65 per gallon of fuel, and spends $166.26 per month on parking. The cost of public transportation is based on the average cost of a monthly transit pass.Of the 20 cities included in the report, all but four (Atlanta, Miami, Dallas, and Las Vegas) showed annual savings less than $10,000, with the lowest being $9,364. See the full list, broken down by monthly and annual savings, below.
Are you not quite the "average" driver? You can find out how much you'd save in fuel by switching to public transportation using this calculator (you'll have to do the math for your other driving costs yourself).
Whether or not you'd save the amounts that APTA claims, there is the other obvious benefit to using more public transportation. Try this carbon calculator if you want to see what impact your switch to public transit would have on the environment.Continue reading Ditching your car could save you over $10,000 a year
Ditching your car could save you over $10,000 a year originally appeared on AutoblogGreen on Wed, 04 Jun 2014 08:00:00 EST. Please see our terms for use of feeds.
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