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Cost Comparison: Driving vs. Public Transportation

costs of driving

Is it cheaper to drive to work or catch the bus or the train? Figuring out the best choice for you could save you thousands of dollars a year. There is no “one-size-fits-all” answer.

Convenience and Safety

Convenience and safety could outweigh costs. The ability to run errands or avoid walking alone for several blocks at night to the nearest transit stop could outweigh driving costs. Weather can also influence whether someone would rather drive or take the bus.

On the other hand, you can relax or work during the daily train or bus commute. However, public transit is usually overcrowded and does carry its own safety concerns. In fact, there are enough bus accidents in the US to require bus accident attorneys to help the victims.

You Need to Know…

Driving Costs

Driving costs are based on the size of your car and how many miles a year you drive. AAA’s cost estimates for 2016 include maintenance, tires, insurance, license, registration, taxes, depreciation, and financing costs.

Costs per mile if you drive 10,000 miles per year:

Costs per mile if your drive 20,000 miles per year:

Estimating Your Personal Driving Costs

Example:

Multiply your monthly commute (500) by average costs based on car size and miles driven per year.

Example:

The Costs of Public Transportation

Public transit costs vary greatly, depending on where you live and what types of public transit are available to you. Compare your monthly bus or train cost to the total driving costs, including parking.

It’s usually considerably cheaper to take the bus or train. The true costs of driving are probably higher than expected. Once you know what you’re actually spending, you can make the choice that’s best for you.

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