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 rise. What if you can avoid paying as much as you can right now? Even while still getting to where you will need to go?
In fact, a lot of people from Chicago are ditching their vehicles and getting reliant on rideshare. Current research has proven that it is in fact cheaper to use services including Uber and Lyft in cities including Chicago, Los Angeles, New York, amongst others.
But some people are hesitant to use these services due to all of the negative news reports reporting violent crimes involving drivers of such services. However, some services like Uber are introducing safety features to help riders feel more comfortable reaching someone in case of emergency. It also helps hold drivers accountable by developing a stronger sense of authority, of being viewed.
There are many advantages to using these rideshare services in bigger cities. In larger cities drivers tend to have to pay to park their vehicles along with other typical costs such as gas, repairs, affordable auto insurance, etc..
On the other hand, some reports say that the price of using rideshare will not be cheaper than owning a car until 10 years from now. But, it just depends what’s ideal for the budget. In actuality, news websites have even developed calculators to see if ridesharing is helpful to your budget. Another factor that the calculator includes is the cost of time.
Furthermore, there are options to”pool” with other rideshare users to eliminate even more prices. This option isn’t necessarily the best determined by the intentions of your trip, but can be particularly helpful for the commute to work, for example.
The increase in regular rideshare users creates another issue, unfortunately. The amount of cars picking up passengers has disrupted the flow of traffic in certain areas of the city, particularly in Chicago. They’ve increased penalties of traffic violations.
The tickets and gas prices also seem to be turning away some motorists since they pay out of pocket for every product, in addition to possible rideshare insurance. But, drivers who discover that there is a increase in the city population using their services can attract attention to motorists expecting to earn more money.
This then creates an issue for rideshare companies that are already struggling to pay their employees. Companies such as Uber that are providing benefits to European drivers, the costs won’t return anytime soon for them.
Overall, it may benefit the individual to utilize rideshare instead of having a personal vehicle. But, there are many factors to take into account before switching over, both the industry in whole. Rideshare is undoubtedly a hot topic at this time and does not seem to be dying down anytime soon.