Do Not Forget The Risks Of Car Sharing

If you reside in an urban area, owning a car is usually both costly as well as a hassle. Getting a parking place might rival locating a Taliban commander in its difficulty. Spending money on parking can leave a significant hole in your pocket book. Because of the large quantity of drivers on the highway, car insurance rates are usually higher in big cities. Fuel economy suffers during city driving due to the fairly slow rates of speed and frequent braking. As a result, a lot of city dwellers are saying no thank you to vehicle ownership and relying upon alternatives. Mass transit remains a vital option, however a relatively new idea is taking hold in U.S. urban centers: vehicle sharing.

As outlined by CarSharing.net, at the start of 2010 there were 27 vehicle sharing programs in the U.S., helping 388,000 members and sharing 7,500 automobiles. They go by names like Zipcar, Car2go, and Community Car. The programs charge a yearly membership fee and may even charge an application fee; Zipcar, for example charges a $50 annual fee and a $25 application fee in the Washington, D.C. area. A separate charge is applicable for each use of a car (for example, $30 for a four-hour reservation), which covers fuel, insurance, and a specific amount of miles.

The types of people likely to utilize a car sharing service include:

* People who normally use public transportation yet who need their own car sometimes

* Those who own one vehicle and occasionally require another

* Those who own compact cars but from time to time need a larger vehicle

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