[zymhan]

Basic financial planning would indicate that owning a money losing asset (i.e. car) is not a good idea.

I can assure you I've spent far less not owning a car, even with every Uber ride, car rental, scooter rental, transit, and taxi ride.

[jjeaff]

No, basic financial planning would take into account both sides of the equation. I can own a money losing asset as long as it is costing me (including depreciation) less than what an alternative service would cost. Uber will never work out unless you drive very infrequently or live somewhere like New York where the total cost of vehicle ownership is prohibitive.

Additionally, depreciation is not linear. I drive an older vehicle, it has already mostly depreciated as far as it will go.

[danans]

> Basic financial planning would indicate that owning a money losing asset (i.e. car) is not a good idea.

Only if you have an alternate way to get to work like good public transportation. Otherwise buying a depreciating asset like a car is the only way to survive in many places. It's like paying rent. Perhaps not ideal, but it is a practical reality for many.

[leetcrew]

every day I drive ~20 miles to work. for car ownership to be economic, the cost per trip just has to be less than uber or the difference in pay between my software gig and a job I could walk to.