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As we previously examined in a blog about commuting, studies have indicated that the annual cost of driving an average car a total of 15,000 miles in 2011 was $8,776. For the budget-conscious, this means a huge bundle of expenses, including fuel, insurance, maintenance and financing charges! Not to mention parking!

So what’s an urban dweller to do? For many who still require the functional benefits of vehicular travel when compared to transit or other alternative options, the expanding power of the technologically integrated “sharing economy” is able to provide the agency and convenience of car use without the significant cost associated with full-time vehicle ownership.

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Car-sharing has become a crowded market in such venues as Progressa’s home city of Vancouver. Most car-sharing providers market themselves as a less costly alternative to car ownership, but each service operates on slightly different payment principles that match better with some users’ ideal case of use than others. Admittedly, car-sharing is not for everyone: most of the available services are marketed at millennial and urban dwellers making short, one-way trips (often of thirty minutes or less) in conjunction with their planning of lifestyle and leisure activities. Families, commuters and others who need a more day-in-day-out reliable source of transportation, especially over longer distances, are less likely to see the savings benefits from car-sharing.

The sharing economy or “collaborative consumption” model offers freedom from the traditional structure of car payments, upkeep and maintenance. It may be worth considering if your day-to-day needs require transportation that fits your budget!

This chart breaks down some of the most popular car-share options in Canada and how their pricing models differ.

Modo Member-Owner

  • Sign-up fee $20
  • Membership fee $500 refundable share purchase
  • Rate per minute N/A
  • Rate per hour $4
  • Rate per day $40
  • Kilometres included N/A

Modo Monthly Member

  • Sign-up fee $20
  • Membership fee $5/month
  • Rate per minute N/A
  • Rate per hour $8
  • Rate per day $64
  • Kilometres included 200 km

Zipcar Occasional Driving

  • Sign-up fee $25
  • Membership fee $5/month
  • Rate per minute N/A
  • Rate per hour $7.75-$9
  • Rate per day $73-$79
  • Kilometres included 200 km

Zipcar Monthly Driving

  • Sign-up fee $25
  • Membership fee $6/month
  • Rate per minute N/A
  • Rate per hour $7.75-$9
  • Rate per day $73-$79
  • Kilometres included 200 km

Zipcar Extra Value

  • Sign-up fee $25
  • Membership fee $50-$250 pre-paid driving/month
  • Rate per minute N/A
  • Rate per hour $6.59-$8.10
  • Rate per day $62.05-$71.10
  • Kilometres included 200 km

Car2Go

  • ​Sign-up fee $35
  • Membership fee N/A
  • Rate per minute $0.41
  • Rate per hour $14.99
  • Rate per day $84.99
  • Kilometres included 200 km

Evo

  • ​​Sign-up fee $35
  • Membership fee N/A
  • Rate per minute $0.41
  • Rate per hour $14.99
  • Rate per day $89.99
  • Kilometres included 200 km
Tags : car 2 gocar-sharingcommutingevomodotransportationzipcar