Transportation Savings Calculator
This calculator can show you the savings associated with choosing a transportation alternative (walking, biking, or public transportation) over driving a car. First enter the cost of your public transportation method.
Then enter your driving details to compare the two options. Input the number of miles for a given trip followed by any required fees & how often this trip occurs. After that, decide whether you wish to calculate your savings using the gasoline method or the mileage method (the mileage method uses a predetermined rate of 53.5 cents per mile traveled).
For the gasoline method, input your car’s MPG rating and the cost per gallon of gas. Click CALCULATE, and you’ll see your possible savings per trip, per day, per week, per month, and per year. You can see further savings over a number of years by entering any number of years you please in the space provided.
Current Auto Loan Rates
The following table shows currently available automotive loan rates in for new and used cars. Adjust your loan inputs to match your scenario and see what rates you qualify for.
Popular Alternatives to Driving
Getting from point A to point B wasn't always as easy as it is today. But we've come a long way since the days when a horse and carriage offered the only comfortable and convenient form of personal transportation. And thanks to the assembly line and the popularity of automobiles, most adults can now enjoy the freedom and convenience inherent to automobile ownership. Still, it isn't exactly cheap to own and operate a vehicle.
Not only does a new car cost thousands of dollars up front (not to mention interest payments if you take out a loan), but you'll also have to spring for associated expenses like registration, insurance, fuel, and maintenance, all of which can add up to a hefty annual bill. And if you happen to be a card-carrying greenie, you may be hesitant to participate in the ongoing pollution of our atmosphere caused by the spewing of hydrocarbons into the air. Luckily, there are plenty of transportation alternatives to consider that don't necessarily require you to utilize a personal automobile. Here are a few that could meet your goals.
Most people are not fortunate enough to live within walking distance of their work, but if you do, there's no reason not to take advantage of the situation and get a little daily exercise. You’ll improve your health and save some money in the process. Even if you can't avoid the morning commute, you might live close enough to other amenities that walking is an option. Any time you can avoid using the car when you go to the grocery store, dining establishments, your local salon, or other businesses you frequent, you'll do your part for the environment and, at the very least, save some dough on fuel.
For many adults, this is a much more feasible option than walking. Not only is it a lot faster, but it allows you to traverse a much greater distance with less effort. Even those who live several miles from their place of work or needed amenities can reasonably plan a daily routine around a schedule that includes cycling. Plus, riding a bike is an excellent form of exercise. And like walking, it creates no carbon emissions, thus making the world a cleaner, greener place for all of its inhabitants.
Perhaps the most common alternative to standard commuting or otherwise relying on a personal vehicle is public transportation. And depending on where you live, there could be all kinds of options to consider. Generally speaking, you'll be able to take advantage of a bus system. Even if the nearest bus stop is not very close (because you live in the boonies, just for example), you can ride your bike part of the way and take it on the bus with you (or load it on the rack on the front of the bus). And most major metropolitan areas also feature some kind of train/subway system to help you get around a little more conveniently.
Many businesses are now offering options that allow them to save on office space while giving employees the opportunity to skip the daily commute. If you have the type of job that you could do from home, you might want to consider speaking with your superiors about the possibility of turning your daily commute into a virtual one. And rather than spending hours in the car every day just to earn a paycheck, you could consider job opportunities that allow you to work from home.
This isn't so much an alternative to commuting as it is a means to reduce the frequency with which you have to do this task. This, in turn, will help you cut your carbon emissions and the expenses associated with your vehicle. The end result, of course, will be that you drive significantly less while still managing to get to all the places you need to go. By sharing the transportation duties with other members of your carpool, everyone has the opportunity to save time and money.
If you don't want the cost and hassle associated with owning and operating a vehicle but you're not keen on public transportation, another option you might consider is taking cabs or hiring a limo service. Of course, this could be a lot more expensive than owning a car, depending on how often you find yourself in need of transportation. A better idea, then, might be ridesharing, and there are a couple of options to explore. For one thing, you could use a service like Zimride, Ridebuzz, or Ridejoy that helps hook you up with locals looking to share their expenses by virtually renting out seats in their automobiles. Or you could also use an app like Uber (if available in your area) for times when you simply can't find the ride you're seeking.
Motorcycles, Mopeds & Scooters
Okay, technically you do have to drive a motorcycle, so it's not precisely an alternative to using a motor vehicle. But by using this compact form of transportation, you’ll reap some rewards. For one thing, it costs less than a car all around, including ongoing expenses like fuel and registration. It also produces fewer carbon emissions, so it's less harmful to the environment. And depending on where you live, you may even enjoy the opportunity to split lanes, helping you to reach your destination more quickly, even when dealing with heavy traffic. And you can also use the carpool lane. It's a decent option to explore if you want to rid yourself of the hassle and expense of a car without giving up the convenience of personal transportation.
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