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Cost Comparisons

women_taxi.jpg How does taxi travel stack up against owning a car? Here is a conservative estimate of the

costs of car ownership:

Cost of a typical car (including taxes and financing):  $50,000

Cost spread over 5 years: $10,000 per year

Other costs: $15,000 per year (insurance, fuel, fluids, parking, repairs, consumable parts and regular maintenance)

Total cost: $25,000 per year

Equivalent taxi trips: 3–4 taxi trips per day

 

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