Trying out car sharing!
Usually when you think about moving outside of the city, you think about being more reliant on your car. But one of the best things that has come out of our new neighbourhood is the ability to move down to a one-car household.
Since I switched to our downtown office back in January, I haven’t actually been driving my car. 95% of the time, my car has just sat there unused. And since RD’s work has a very good carpool program, most of the time he wasn’t driving his car either. The only time we actually use our cars is when we’re together on the weekends.
Being within a 5-10 minute walk of a SkyTrain station was a requirement when we started looking for condos, and luckily we now live approximately 10 seconds away from one. So in the next couple of weeks, we’ll be selling RD’s car and putting that money into our joint account (which likely end up as an additional payment towards the mortgage – but that’s another post for another time).
Our transportation expenses will end up going way down because now we’ll be sharing the cost of insurance and maintenance on just one car. We’re still figuring out how we will share gas expenses, as RD will be doing most of the driving with his commute to work.
But of course there’s a downside to not having two cars, and it’s that we don’t have two cars. If it’s RD’s turn to drive the carpool or if he’s working a longer day than normal, that means I don’t have access to a vehicle if I need to go somewhere that isn’t practical by public transportation (for example my doctor is in Port Coquitlam!). So I’ve been contemplating joining a car share program for a while now.
In New Westminster, I had three options to choose from – Modo, ZipCar, or Evo.
- $10 one-time registration fee
- $8 monthly fee
- $8 per hour (max $64 per 24 hours, $24 max between 7pm-9am)
- $25 one-time registration fee
- $70 annual fee
- $7.75 to $9 per hour ($73-89 per day)
- $35 one-time registration fee (waived for BCAA members)
- $2 annual fee (donated to charity)
- $0.41 per minute, $14.99 per hour ($89.99 per day)
I ended up going with Evo because even though the hourly rates were better with Modo and ZipCar I don’t think I’ll need to use a car enough to justify Modo’s monthly fee or ZipCar’s annual fee. Plus, I was at an event last night where I got the $35 one-time registration fee waived and 45 minutes of free driving time. :)
A huge bonus of being part of a car sharing program is the ability to drive to the airport without spending a million years taking transit downtown and then back out to the airport, or spending the money for a taxi. And conveniently, there’s an Evo parking lot just outside of our building. I’m really looking forward to seeing how car sharing fits into my lifestyle, and how often I actually end up using it.
Does anyone else use a car sharing program? Any experience using Evo?
Author: Krystal Yee
I’m a personal finance blogger and marketing professional based in Vancouver. I’m a former Toronto Star (Moneyville) columnist, author of The Beginner’s Guide to Saving and Investing, and co-founder of the Canadian Personal Finance Conference. When I’m not working, you can usually find me running, climbing, playing field hockey, or plotting my next adventure.