Is Car sharing the Way Forwards?
The credit crunch is in full swing and people are looking for various ways to save money. One of the best ways that this can be done is by people cutting down on transportation costs. Sharing Car Program clubs is something that has majorly grown in popularity over the last few years, instead of committing yourself to any contracts or spending a fortune to buy a car, you can actually use a type of pay as you go vehicle. What you do on most occasions is book a car, get the address of the closest one near to you and then drive away.
But what are the true benefits from this type of system and can you benefit from them? Let us take a look at compare the three options.
Buy a Car
There is not a much better feeling then that of owning a new vehicle, you never have to worry about transporation because you always have the keys avaliable. But it’s all very well and good until your car decides to break down on you. You end up paying a fortune in repairs and on top of this you have to pay for tax, insurance, MOTs and not to mention that if you live in a city it is going to cost you a fortune for parking and charges.
Leasing a Vehicle
Something that is going quite main stream is the leasing of vehicles, the benefits of this is that you do not have to worry about maintenance costs, MOTs, breakdowns as they are all covered by the leasing firm. All you have to worry about is driving a brand new vehicle.
Car sharing
Vehicle Sharing is an improving trend that can in fact be greatly beneficial, especially if you are not a big car user. If you need to use a car for a few hours a week or a few hours in a month then this definitely could be your option. But if you are of course looking to use it for more then a day or so then the fee will soon add up and you may end up paying quite a bit.
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This entry was posted on Saturday, May 23rd, 2009 at 2:40 pm and is filed under Auto Insurance News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.