SAN DIEGO —
From rising gas prices to unexpected car issues, driving in California can be expensive. So, could you save some money using ride share services like Lyft or Uber?
Let’s say your car payment is $400 per month and then insurance costs $70 a month. Then, we’ll sau your registration costs $30 a month, then maintenance costs $50 per month. With gas prices at $4.15 per gallon, let’s say you drive 20 miles per day and your car gets 20 miles per gallon. This is a grand monthly total of $622 if you just drive to and from work five days a week.
Now, let's see how much it will cost with ride share.
Keeping the distance the same, Lyft charges $10 for the "shared" option, so round trip is $20.
If that cost stays the same five days a week, it will cost you $400 dollars a month, which is $222 cheaper than owning a car and doing the same commute.
Now, let's check Uber. It’s about $11.50 for the same ride, also known as the "pool option." That's $23 round trip.
For five days per week, the monthly cost would be $460. That's $162 cheaper than if you owned a car and did the same commute.