Love these interesting times we are living in. Not to go into the details, but sitting with the question of embracing what seems to be the future of travel. My car's been wrote off (long story), and it makes a lot of sense to actually not replace it with another car again. Is this the tipping point in travel where owning a car is a bit old school? And by the look of things, expensive to hold onto.
I have gone through the numbers of car ownership vs uber, and Uber'isation seems to win out by a big'ish margin (your reality might differ depending on your job and a few other factors). I'm talking about "big'ish", because the longer you look at it, they do eventual catchup to each other. Well, kinda. But that is some 6 years down the line. At which point, you will most likely be on the market to replace your car, yet again. And with that, the goal post moves forward yet again, and it is tipped in Uber'isations favour for a extra few years into the future again.
It seems, you will never be able to catchup to make it viable to own a car again, ever. Think about it, you are committing a sizeable amount of money just for the privilege to park a car in your garage. If you take holidays, days you aren't at home to use your car, day you are home and still don't use it, days where you travel a lot and days where you just go down the road to pick something up from the store. You are laying out a sizeable amount, for something which on average, you use for about an hour each day. Now, I know, you might push back against this idea. I also had my reservation about it. Then, I started asking a few questions. (Your reality might differ)
Look around your house right now. Or office. Think of your car price. Would you pay the same amount for your Tv, and be happy if you used it only an hour a day. Would you be happy to buy your fridge for the same amount, and be happy if you only use it to cool your food, for an hour a day. Your laptop or phone you are reading this on, would you be happy to pay that same amount as your car, if you only used it for an hour a day? Would you be happy..you get the point. I'm sure the answer would be no for almost every single question I can come up with. Yet it is not only seen as an essential thing to own, it is practically expected by my society and culture as a whole. I'm aware that this might be a strange concept to someone staying in New York or Shanghai, but in my country and culture, it is as strange as hell to have this view.
Amount insurance pays out: R137 000
With my own average Uber usage a month as my sole means of transport, this would last: 28 months
Amount over and above insurance payout needed to buy a car (replacement value of car insured): extra R100 000
With my own Uber usage this would last another: 20 months
Over the last three year I travel 35 000km at 10km/L @ R12 per litre: R1400 per month
So in the 48 months of using Uber, that would add an additional cost of what for fuel? R67 200
Which adds another how many months in favour of Uber? 13 months
But in those 13 months, you are yet again spending R1400 per month on fuel, which moves Uber's goal post another how many months out? 4 months
If you pause and take score at this point, more than 5 years have passed, and I haven't even made provision for insurance on owning a car, repairs or services as the vehicle would not be covered by any standard service plan or manufacture's warranty any more at this point. You are also reaching a point where, more often than not, in my environment and culture it would be customary to trade-up your car again. Which means another sizeable amount you would have pay in.
And yet again, you guessed it, the goal post takes another sizeable leap in Uber's favour.
Which leaves me with an easy answer to the question about my future of travel. Maybe it is time to lean in to the Uber'isation of moving around.
What was your own experience to this question?
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