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If you ditched your car, could you afford to leave the suburbs for a great urban neighborhood? (lemmy.dbzer0.com)
submitted 8 months ago by to c/fuckcars@lemmy.world
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This is the question posed on CityNerd video titled "Walkable Cities But They Keep Getting More Affordable"

If you ditched your car, could you afford to leave the suburbs for a great urban neighborhood?

Ray Delahanty answers the question in the 26 biggest US cities.

The analysis assumes the all-in cost of owning and operating a car is $1,000 per month, including purchase, insurance, fuel, and maintenance.

In the city, transportation costs might total about $250 per month for transit passes, biking, ride-hailing, and other small expenses.

This results in an effective $750 per month increase in the housing budget for city center residents who do not own a car.

The results of the video are quite interesting, as you can get more m² in walkable areas in most cities

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[–] 7 points 8 months ago (3 children)

I mean it's not crazy IMO, running cost is probably 500 but depreciation is a major factor. A rule of thumb is around 10-15% of the value of the car each year so if you can sell yours now for 35000 depreciation is in the range of 300-400 a month. Older cars have a lower depreciation but higher maintenance. Then also not applicable in your case is financing cost which varies a lot.

In your case I'd look at how much just paying for a taxi for Costco and full day rental for day trips would cost compared to owning a car.

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  • [–] 2 points 8 months ago (2 children)

    The car isnused formximmuting to work daily, so absolutely less expensive than cabs

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