Car ownership is more concerned about status symbol whereascar sharing is more about getting access. Car ownership symbolizes freedom andindependence. Ride sharing is growing in popularity nowadays as more and morepeople are migrating to densely populated cities and people are also gettingcomfortable with the idea of shared economy. Car ownership costs are higherbecause of insurance rates, parking fees, depreciation and wear and tear ofcar. Car sharing comes with a small membership fee and numerous discountpackages suiting to the demand and use of the customer. People for whom moneyis an important criterion would definitely go for car sharing as it saves a lotof pennies. Elite sections of the society would never like this idea of carsharing as to them authority, independence and status carries more value thanmoney.
For instance, Zipcar which runs in Los Angeles charges frequent drives $8.10per hour from Monday to Thursday and $9 on Friday and weekends. Zip car does billthe customer for tolls but one does have to pay for gas and parking which savesa lot of money and adds another financial incentive. One just has to pay aninitial membership fee of $25 to become a member.
Owning a more expensive carcomes with a higher loan, insurance and fuel costs- ride sharing makes morefinancial sense. The balance between convenience and cost is a keyconsideration for car sharing people and makes them feel satisfied by savinglot of pennies. Car owners for whom money saving is not important, go withowning expensive cars because that is what makes them feel proud and satisfied.Shared mobility services can help in reducing environmental pollution due to decreasednumber of vehicles on the road. A study on Car2go- the largest car sharing operatorin the world, estimated a decrease in greenhouse gas emissions. For people whoare physically disabled, car sharing can be a good alternative rather thanowning a car. Many car sharing companies reward you with benefits on each ride.
The reward points can further be redeemed for airline and amusement ticketswhich make the user willing to take more rides. Referral system also rewardsthe user with points which can be redeemed. So also for senior citizens who donot want to depend on others, car sharing can be a good option to commuterather than dependency on younger ones.