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Going car-free can make you
a millionaire!
You're paying more for your car than you think. A
typical American who goes car-free for 35 years can save over a
million dollars, even adjusted for inflation, and even if
they pay for taxi, bus, and car-share
trips often.
Use the calculator to find how much you can
save
in your particular situation. Yes, not everyone can go car-free,
but more can do it than would care to admit. And isn't a million
dollars
a pretty good incentive? If work is too far away, then consider
living closer to your work. And if housing costs more closer to
where you work, does it cost more than the million dollars you
could save by ditching your car? (ULI has a calculator that shows
the combined costs of transportation and housing for a
few U.S. cities). Oh, and big thanks for the plug from Get Rich Slowly, which is well worth your time.
Notes: The results are already adjusted
for inflation!
You're seeing your savings in current
dollars. You'll owe taxes on your bounty though,
just like if you'd won the lottery. To account for taxes just
enter your after-tax return in the Interest field. Most default
values for
driving are from the AAA's Your Driving Costs
(PDF), 2011 edition. For simplicity, calc. assumes that car is
replaced as soon as it's paid off; if not, enter a lower number for
interest+depreciation. Gas
costs are from the average
residential miles driven & mpg and the average cost of gas (6/11). The return on
investment is the actual annualized return of the U.S. stock market, adjusted
for inflation.
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Bike Fit
A bike that doesn't fit you means you have to work
harder to go the same distance, and worse, you could get really sore or
even injured. Learn all about bike fit to
keep that from happening.
Transportation
Almanac
More stats about energy, pollution, speed, and
costs than you can shake a tire lever at. (view the almanac)
 Bike
Safety
Don't end up like roadkill! Check out our illustrated
guide to How to Not Get Hit By Cars.
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