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| quote: | Originally posted by MarkT
I see what you're saying...but very few people, even with new cars, have other costs...you just don't consciously account for them (like your plate sticker). Factor in routine maintenance (other than oil changes), (hopefully) a set of winter tires, etc...nevermind unforseen non-warranty repair items...parking if you come downtown...get into an accident and there's insurance deducitbles, etc.
ie. adding up insurance + payments + gas is going to be low for the majority of people, while a Metropass is your only cost PERIOD.
(I'm buying a car despite living DT...I'm not arguing that it's not WAY more convenient...just that it's more expensive for most people than is being suggested)
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This is all true, but as Jay said, time is money and that's something all too commonly left out of the TTC vs. car discussion. If you make $20 an hour and you waste on average an hour a day on surface transport (subways are another story but they only cover a tiny fraction of the GTA), that'll add up to about $5000 a year. I'd say it pretty much takes care of those other car maintenance things you're talking about.
I'm not saying that it isn't far less expensive to use the TTC than to own a car. I'm just saying that personal finance involves more than just cold hard up-front cash, and a lot of people overstate the financial advantage of taking the TTC because they have a poor understanding of economics. Wasted time may not be "real" money, but I'm sure that you're well aware of the concept of opportunity cost and so is everyone else who knows the first thing about business.
Now, if you know that you're a couch potato who won't do anything with that extra time, then sure, the financial incentive for taking the TTC is huge. But as for me, I honestly don't think I could live my life at all having to waste 2+ hours getting to and from work every day, let alone live comfortably.
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