Knoji Launches In-Depth Consumer Report Comparing The Economics of Car Sharing vs. Owning

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Knoji takes an in-depth look into economics of using a car sharing service vs. owning.

The easiest way to decide if Zipcar could save you money is compare by adding up all the hours/days that you use your car weekly and multiply that by four (weeks in a month).

Knoji, a leading provider of consumer reviews and information, today announced the availability of a new consumer report comparing the economics of Car Sharing vs. Owning. The consumer demand for car sharing service is on the rise. Knoji's new report looks to provide consumers with useful comparisons between sharing and owning, which will help consumers see which is the right choice for them.

An excerpt from the report is included below:

"Zipcar is a service where you can pay one hourly or daily rate for usage of a vehicle. With Zipcar you get access to cars without all the hassles that come with the ownership. Is Zipcar for you? Let’s compare both. Below is an overview of the benefits and downfalls of the traditional transportation concept of purchasing/owning a personal vehicle."

"Zipcar is a way to get a car when you need it without all the hassles and expenses of owning a vehicle.You can use Zipcar to go on your family vacation or maybe just when you need a spare car. Zipcar is not suited well for those who have long daily commutes. Owning a vehicle is the best option for those who are very dependent having immediate transportation on a daily basis."

"The easiest way to decide if Zipcar could save you money is compare by adding up all the hours/days that you use your car weekly and multiply that by four (weeks in a month). Go to the Zipcar website and look up the rates in your area. Calculate how much those trips would cost you in a month. If that amount equals less than your monthly travel expenses (car payment +insurance+ gas) then try out and see if Zipcar is right for you."

Read the full report here.

Knoji, based in Los Angeles, is a leading consumer website providing in-depth reviews, Q&A forums, and information on deals and discounts on thousands of top retailers worldwide. Consumers can find information on most leading e-commerce websites including those from the fashion, technology, financial and travel industries.

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