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“CarShareHFX is wonderful!
I work at BMO Bank of Montreal downtown Halifax and we have a workplace membership with CarShareHFX. I take Metro Transit to and from work, however my job does require occasional travel throughout HRM, so the convenience of having CarShareHFX for the workplace is great. It is much more cost effective than parking your car downtown or getting a taxi!” – Heather Gautreau, BMO Bank of Montreal

Comparison of the costs of CarSharing vs Car Owning

Average monthly expense	CarShareHFX	Owning New	Owning Used

CarShareHFX Household Membership	< $17	–	–

Purchase payment (Lease or Loan)	–	$400	$200

Depreciation	–	$80	–

Insurance	–	$125	$100

Licensing & Registration	–	$10	$10

Maintenance & Repairs	–	$25	$200

Overnight Parking	–	$50	$50

Fuel	–	$40	$40

Monthly Cost at 15 CarShare hours	< $150	–	–

Monthly Total	< $167	$730	$600

Annual Cost	±$2,000	$8,760	$7,200

Annual savings with CarShareHFX		±$6,760	±$5,200

Comparisons based on our classic rate structure – new rates are less expensive and therefore likely to result in additional savings. Assumptions: New car purchase price for ±$20,000 payments over 4 years at 0% financing. New car maintenance minimum (snow tires) Used car purchase price for ±$5,000 payments over 2 years at 0% financing. Used car required maintenance (oil, coolant changes and tune-ups) and replacement costs to all critical motor vehicle systems: brakes, battery, tires, exhaust, cooling system, etc. Used car insured for liability only (no collision insurance). Fuel cost based on driving 1,500 km/month at 40 km per litre at $1 per litre. CarSharing costs based on industry average of 15 hours per month and may vary depending on use (for example ±$600 annually for 10 or 20 hours per month). For more information on the true costs of owning and operating a vehicle see the Canadian Automobile Association's 2010 Driving Costs Brochure (1.1MB PDF) This makes cents! Is it for me? Is it for my workplace? Hmm, I still have questions. Where can I find answers? Sounds great! How do I join?

CarShare Atlantic Ltd., 2459 Agricola Street (at Roberts), Halifax, Nova Scotia B3K 4C1
Telephone 902.406.7439 Fax: 902.406.7431 Email: info@carsharehfx.ca