While, a key consideration for car sharing people

While, car ownership is more about status symbol, car
sharing is more about getting access. Car ownership symbolizes freedom and
independence. Car sharing is growing in popularity as more and more people are
migrating to densely populated cities and people are also getting comfortable
with the shared economy. Owning a car costs higher since it incurs insurance
rates, parking fees, depreciation and wear and tear of car. Car sharing comes
with a small membership fee and numerous discount packages suiting the demand
and use of the customer. For people who consider money an important criterion
would definitely go for car sharing as it saves money. People who are rich
would never like this idea of car sharing as to them authority, independence
and status carries more value than money. For instance, Zipcar which runs in
Los Angeles charges frequent drives $8.10 per hour from Monday to Thursday and
$9 on Friday and weekends. Zip car does bill customer for tolls but one does
have to pay for gas and parking which saves a lot of money and adds another
financial incentive. One just has to pay an initial membership fee of $25 to
become a member (earthfriends.com, 2017). Owning a more expensive car comes
with a higher loan, insurance and fuel costs- ride sharing makes more financial
sense. The balance between convenience and cost is a key consideration for car
sharing people and makes them feel satisfied by saving lot of pennies. Car
owners for whom money saving is not important, go with owning expensive cars
because that is what makes them feel proud and satisfied. Shared mobility
services can help in reducing environmental pollution due to decreased number
of vehicles on the road. A study on Car2go- the largest car sharing operator in
the world, estimated a decrease in greenhouse gas emissions. For people who are
physically disabled, car sharing can be a good alternative rather than owning a
car. Many car sharing companies reward you with benefits. One gets reward
points on each ride. The reward points can further be redeemed for airline and
amusement tickets which make the user willing to take more rides. Referral
system also rewards the user with points which can be redeemed. So also for
senior citizens who do not want to depend on others, car sharing can be a good
option to commute rather than dependency on younger ones.

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