published on in Quick Update

NerdWallet crunches the number: owning a car vs. Uber, Lyft

The folks at NerdWallet, a San Francisco-based company aimed at helping consumers make better financial decisions — whether it be what credit card to get or how to shop for a mortgage — have turned their attention to the world of ride-sharing and its promise of savings.

The company of self-proclaimed nerds recently did an analysis that could draw great interest in the Washington area, where services such as uberX, Lyft and Sidecar have become popular alternatives to taxis, the Metro system and even perhaps having your own car. In fact, the car services (or transportation networking companies, as they are also known) have actually marketed themselves as a smarter alternative to owning a car (No maintenance costs! No insurance costs!).

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