If you're doing the math for your own ride-hailing vs. ownership comparison, don't forget to factor in your car insurance policy. (Photographer: Brent Lewin/Bloomberg) Ride-hailing vs. car ownership: For many, the car is still king
The cost of maintaining your own vehicle vs. ride-hailing can change dramatically if you don't have a daily commute.
February 26, 2019 at 05:30 AM
6 minute read
The original version of this story was published on Law.com
With a ride from Uber and Lyft practically around every corner, city or suburban-dwelling car owners may be tempted to ditch the responsibilities of car ownership entirely.
Just imagine being free of oil changes, gas prices, insurance, tire problems and tune-ups.
Not so fast, though. According to recent studies, whether you're better off owning a vehicle or solely using ride-hailing apps and rentals depends on who you are.
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