Digital sign on side of bus.
Public Transportation,  Transportation

Bus Versus Car, And Why the Bus Is Cheaper

A long time ago I use to ride the bus to Downtown Rochester, New York, to get to work.

 

Every day I’d catch the bus to the RTS Transit Center. From there I’d walk about 15 minutes to my job.

 

This option was much cheaper and easier than when I owned a car, because I didn’t have to worry about maintaining it.

 

Paying for overpriced gas.

 

Crappy insurance.

 

And paying for unsafe parking.

 

Taking the Bus Saved Me A Ton Of Money

For 8 long years I took the bus no matter what the weather was.

 

I took it in the blistering cold.

 

Flooding thunderstorms.

 

Humid weather during the summer.

 

And tornado force winds.

 

Despite these rough weather conditions I took the bus and here’s why!!!

 

The Bus Is Cheaper Than Buying A Car

When I purchased my car I got it for $1,500 less than what it was worth.

 

That amazing price was a result of some incredible negotiating on my part.

 

But it was still very expensive.

 

According to Loans.com the average new-car price was at $36,113 toward the end of 2017. That’s a huge increase from five years ago when the average price was $33,525. Kelley Blue Book and Edmund’s data states that used car prices increased between $16,900 to $19,400.

 

BUT WAIT!!

 

The expenses don’t stop there. There’s plenty more.

 

Riding the Bus Doesn’t Require Paying For Plates, Inspections Or Car Insurance

You have to also pay for plates, inspections, and good old car insurance.

 

According to TheSimpleDollar.com, average car insurance costs around $815 per year. Of course, there’s many factors that can affect this, something they explain very clearly in the article.

 

Factor in the rising cost of gas, something Time.com estimates to be rising faster than all other consumer goods, and you’ll understand why I preferred the bus.

 

At $15 per week for 52 weeks out of the year, you’d still be paying only $780 to ride the bus.

 

Mix in a folding bicycle such as my Brompton, that can be combined with bus trips, and you’ll be paying even less.

 

 

Cars Depreciate Rapidly

According to CARFAX, both new and used cars depreciate.

 

As soon as you drive off the lot, your new car loses about 10 percent of it’s value. Each year your shiny new car deprecates between 15-25 percent.

 

By time it reaches five years, your car will have depreciated by 60 percent.

 

I’ve included a great video below that explains depreciation. Make sure you check it out!

 

Should You Sell Your Car And Ride The Bus?

Only you can decide if selling your car and riding the bus is right for you.

 

Eveybody’s transportation needs are different.

 

Some people may hate public transportation due to a lack of convenience.

 

Others, such as myself may only need to catch one bus like I did, and find it easier to ride the bus.

 

Or you can alternate between the two. You can buy a car to do longer distance traveling or avoid commuting in the bad weather. And take the bus when the weather is good or not going very far.

 

Public Transportation Is Helpful To Those Who Have To Live On A Budget

For many, it’s necessary to live on a budget. Many older urbanites live on a fixed income, and have a lot of stress to deal with while trying to pay bills.

 

They have to deal with the rising costs of basic needs, such as food, clothing, housing and medications, etc.

 

It’s tough worrying about everything, why let transportation add to that?

 

Conclusion

It’s not for everyone, but riding the bus can help those who have to live on a budget, or just prefer to pay less for transportation.

 

Those who are similar to me, don’t mind living with less material possessions, such as a car.

 

We get to save more money.

 

Have less debt.

 

And instead, get to save for early retirement.

 

Plus, what’s wrong with taking public transportation and then finishing the last mile with a folding bike, such as my Brompton folding bike?

 

CHECK OUT MY PORTFOLIO

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