Car between convenience and cost is a

ownership is more about status symbol whereas car sharing is more about getting
an access. Car ownership symbolizes freedom and independence. Ride sharing is
growing in popularity nowadays as more and more people are migrating to densely
populated cities and people are also getting comfortable with the idea of
shared economy. Car ownership costs are higher because of insurance rates,
parking fees, depreciation and wear and tear of car. Car sharing comes with a small
amount of membership fee and numerous discount packages suiting to the demand
and use of the customer. People for whom money is an important criterion would
definitely go for car sharing as it saves a lot of pennies. Elite sections of
the society would never like this idea of car sharing as to them authority,
independence and status carries more value than money. For instance, Zipcar
which runs in Los Angeles charges frequent drives $8.10 per hour from Monday to
Thursday and $9 on Friday and weekends. Zip car does bill the customer for
tolls but one does have to pay for gas and parking which saves a lot of money
and adds another financial incentive. One just has to pay an initial membership
fee of $25 to become a member. Owning a more expensive car comes with a higher
loan, insurance and fuel costs- ride sharing makes more financial sense. The
balance between convenience and cost is a key consideration for car sharing
people and makes them feel satisfied by saving lot of pennies. Car owners for whom
saving money is not an important criteria, go with the idea of  owning expensive cars because that is what
makes them feel proud and satisfied. Shared mobility services can help in
reducing environmental pollution due to decreased number of vehicles on the
road. A study on Car2go- the largest car sharing operator in the world,
estimated a decrease in greenhouse gas emissions. For people who are physically
disabled, car sharing can be a good alternative rather than owning a car. Many
car sharing companies reward you with benefits on each ride. The reward points
can further be redeemed for airline and amusement tickets which make the user
willing to take more rides. Referral system also rewards the user with points
which can be redeemed. So also for senior citizens who do not want to depend on
others, car sharing can be a good option to commute rather than dependency on
younger ones.