It’s not a secret that buying, owning, and maintaining a car costs a significant amount of money. Especially now, when gas prices are high and continue to increase. Imagine if you can avoid paying as much as you can at this time? Even while still getting to where you need to go?
In actuality, a lot of people from Chicago are already dumping their vehicles and becoming reliant on rideshare. Current research has proven that it is actually cheaper to use services including Uber and Lyft in cities such as Chicago, Los Angeles, New York, among others.
However, some people are hesitant to use these services due to all the negative news reports reporting violent crimes involving drivers of these services. However, some services like Uber are introducing security features to assist riders feel more comfortable reaching someone in case of emergency. It also helps hold drivers accountable by creating a stronger sense of authority, of being watched.
There are numerous benefits to utilizing these rideshare services in bigger cities. In larger cities drivers tend to have to pay to park their vehicles in addition to other typical costs like gas, repairs, affordable auto insurance, etc..
On the other hand, some reports state that the price of using rideshare won’t be cheaper than owning a car until 10 years from now. However, it just depends what is ideal for the budget. In actuality, news websites have developed calculators to see if ridesharing is beneficial to your budget. Another detail that the calculator includes is the price of time.
Furthermore, there are options to”pool” with other rideshare users to remove even more costs. This option is not necessarily the best depending on the intentions of your journey, but can be particularly valuable for the commute to work, for example.
The increase in regular rideshare users creates another problem, unfortunately. The quantity of cars picking up passengers has disrupted the flow of traffic in certain regions of the city, particularly in Chicago. They’ve increased penalties of traffic violations.
The tickets and gas prices also appear to be turning away some drivers since they pay out of pocket for every item, in addition to possible rideshare insurance. But, drivers who find that there is a increase in the city people using their services may attract attention to motorists expecting to earn more money.
This then creates an issue for rideshare companies who are already struggling to pay their employees. Companies such as Uber who are providing benefits to European motorists, the costs will not return anytime soon for them.
Overall, it may benefit the individual to use rideshare instead of having a personal vehicle. But, there are many factors to take into consideration before switching over, both personally and the industry generally. Rideshare is undoubtedly a hot topic at this time and does not seem to be dying down anytime soon.