Carpooling vs. Solo Driving: A Cost-Effective Commuting Choice with Shrido App

Post by Admin September 3, 2023

Introduction:

When it comes to daily commuting, many of us have a choice to make - to drive solo or to carpool with others. Each option has its pros and cons, but one aspect that often weighs heavily on our decision-making process is the cost. In this blog, we will delve into the cost comparison between carpooling and solo driving, shedding light on the financial benefits of carpooling using the Shrido App and why it's a smart choice for both your wallet and the environment.

Carpooling: Easing the Financial Load, Sharing the Prosperity:

Carpooling is the art of collaborative commuting, a practice that finds new dimensions of convenience with the Shrido Carpooling App. Through an ingenious feature, our app computes both annual and weekly car-related expenditures and then allocates these costs fairly among participants. This approach unveils the actual daily running cost of a vehicle, rendering it effortless for driving users to offer rides that accurately mirror their car's operational expenses. This unique feature empowers drivers to recoup the financial outlay associated with car insurance, car registration, maintenance, roadside assistance, and recurring weekly expenses like fuel, tolls, and parking. The result? Remarkable savings for each individual.

Take, for instance, a mid-size car averaging approximately 7.6 liters per 100 kilometers of petrol consumption. In this example, let's consider a fuel price of $2.00 per liter. When factoring in annual costs such as car registration, car insurance, car servicing, tire expenses, and roadside assistance, along with weekly expenses like fuel and parking fees, a solo driver would spend roughly $23 per day on their vehicle's operational expenses.

Annual Costs

Car Registration = $816

Car Insurance = $920

Car Servicing and Tire Cost = $300

Roadside Assistance = $150

Weekly Costs

Fuel Cost = $53.20

Parking Fee = $70

((($816) + ($920) + ($300) + ($150))/365) + (($70) + ($53.20)/7) = $5.98 + $17.36 = $23.34

This tallies up to a monthly running cost of approximately $700. However, by engaging in carpooling with just one additional person, this cost is sliced in half, translating to a substantial monthly savings of $350. As an added boon, carpooling significantly reduces carbon emissions, championing an environmentally conscious approach to commuting.