Good news! You can save money by selling your car and riding transit instead. The American Public Transportation Association (APTA) says the average person can save $8,500 a year taking transit instead of owning a car.
This is based on the AAA cost-of-driving formula, which says that driving costs an average of $0.54 cents per vehicle mile. Funny how Americans only actually spend $0.39 cents a vehicle mile, at least according to the Bureau of Economic Analysis. The difference? The BEA uses actual costs while AAA numbers are hypothetical.
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So you can save, maybe, $6,100 a year by imposing more than $9,100 in costs on other taxpayers. Good deal!
