Owning a car or ride-sharing: which is the better option?

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Owning a car costs a significant amount of money. It is not just the cost of the car that comes into account. There are a lot of other expenses included when you get a car. Maintenance and servicing of the car is one aspect that you need to bear with the cost of the car. Other than this, there is the cost of insurance. While you can research and choose from the best car insurance companies in India, you can’t avoid it or cut down this expense.

So, is there no way around this? Of course, there is. This is a way that will get you the benefits of transportation while reducing the cost drastically. Besides, there is no hassle in this. I’m talking about ride-sharing.

Ride-sharing: The new trend

As a matter of fact, many people in India are taking up this practice of using ride shares instead of getting a car for themselves. According to some research, it has been found that using rideshare services is much cheaper than owning and maintaining a car. A lot of metro dwellers have started using this concept and a lot more are yet to do so. If you are a car owner who is troubled by the rising expenses of maintaining a car, you can definitely try this concept of ride-sharing.

While there is constant news of crimes involving drivers of such services, a lot of safety features are being added every now and then to help riders feel comfortable and safe during the ride. Drivers are being monitored and held accountable for rides through apps such as Uber and Ola in India.

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There are many benefits to using these services. One of the best things about these services is that they save you a lot of time. We all know the value of time and there is nothing more valuable than saving time and using it for your best interests.

Another interesting thing about these services is that they let you “pool” with other riders. This cuts down the cost by a huge margin and you can save even more. This is especially helpful for people who commute to and from work on a daily basis.

Getting your own car

While all of this is true, having your own car isn’t that bad. If you are okay with the costs that come along, buying a car has its own advantages. For instance, you can go for a ride in your car anytime you want. It is, in fact, one of the best means of travel for families. When planned well, you can get a good car and use it for years.

Among the many things that you have to take care of when buying a new car is comparing the best car insurance companies in India. When you do so, you can remain assured of being financially safe in case of any damage to your car. You can also get an idea about the expenses that you have to cover in the coming years.

Owning a car or going for a ride-share both has its own share of pros and cons. It is up to you to decide which ones suit your lifestyle and budget.