Buy A Car Or Take Uber: Which Is Cheaper?

Uber hasn't hit its 10th anniversary yet, but in that short amount of time it’s changed peoples' convenience of getting from here to there without having to park and all the hassles that go with having a car.

So, the big question is - is it WORTH getting rid of your car?  Will it save money in the long run?

According to AAA Texas, the answer is NO.  “On average, across the United States, it’s about $20,000 a year to use a ride-hailing service, versus about $10,000 to own a vehicle,” says AAA Texas’ Daniel Armbruster.

You read that right - Uber is TWICE as expensive.

Check out the average annual cost of a ride-share service in 20 U.S. cities:

Atlanta - $17,741

Nashville - $26,397

Austin - $19,821

New York - $21,279

Baltimore - $19,917

Philadelphia - $23,201

Boston - $27,545

Phoenix - $17,436

Chicago - $22,020

Pittsburgh - $18,940

Cleveland - $20,091

Salt Lake City - $18,866

Dallas - $16,944

San Diego - $17,316

Denver - $20,434

San Francisco - $21,972

Los Angeles - $17,951

Seattle - $23,951

Miami - $17,339

Washington, D.C. - $21,093

Owning a car, even with insurance, gas, maintenance, tolls, oil, repairs and the myriad of expenses involved in keeping four tires going round and round is half what you’d pay to use your phone as your primary means of transportation.


Cliff Bennett

Cliff Bennett

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