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Can Uber replace your car?

Conclusion

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Since we’re comparing owning a car and Uber, we’ll have to consider the money you’ll fork out. The car that we chose was a Perodua Myvi 1.3 Standard G D3GZ3 (auto). On its own that car will cost RM 39,735.43 plus an additional RM 2,386.53 for insurance, road tax and other miscellaneous fees for Peninsular Malaysia.

Using Perodua’s loan calculator, if you initially put a 10% down payment deposit, with an interest rate of 4.5% and paid it over 7 years, it’ll work out to RM 618 per month or RM 142.60, instalment by week.

A full tank will run you back RM70 and that should get you by for seven days. Then you’ll have (unofficial) servicing that costs in the region of RM 125, ideally you’ll be servicing four times a year and divide that by 52 weeks, it’ll be around RM9.60 per week.

Not taking into account cost for tires that you’ll probably change after 2 or 3 years – they usually go for RM 250 a pop, make sure you multiply that by four, weekly that’ll account for RM9.60.

Adding it all up, running a new Myvi would amount to RM 231.80 weekly.

Also, be sure to factor in that after the first year, you’ll have to pay your insurance on top of your instalments and other costs listed above.

But if you’re a cautious driver, your accident-free car will begin to receive discounts on that very insurance because of NCD and of course, your car’s value drops as it ages. Please don’t forget to add costs for tolls and parking.

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Arif

Replace your car with Uber if you fulfil the following:

Commute less than 35 km in a day
Live nearby your campus or office
Live in an area that has many drivers looking for passengers
Are a chatty person (most of the times)
Want to network while getting to the places you need to go
Pay at least RM 10 for parking daily
Willing to plan your commute in advance

It’ll probably be a waste of time detailing the “Don’t replace Uber with your car if” since it’ll just be the opposite of what I listed above. Apply opposites of the rules and you’ll get your answers.

It was definitely cheaper for me to Uber, once you factor in the cost of road tax, insurance, fuel, maintenance, toll and parking fees. Based on that would there be enough reason to give up your personal car? Nope, not for me. When driving, there is never a time I think that I shouldn’t be driving, even when stuck in a standstill for half an hour.

Putting your reputation – based on tardiness or timeliness – in the hands of an Uber driver is hard to do. Often the partners that were at the wheel are newbies; They’d barely had a month (some only a week) of experience under their belt. Usually, they weren’t from the Klang Valley area, so you’ll have to also direct them if you think Waze is too unreliable.

But you need to keep in mind that at a moment’s notice, Uber can save your butt – even from a DUI. That my friends, is something extremely handy.

What about the people driving you?

Honestly, they’re just regular people that’ll get you where you need to be. Be nice to them, appreciate them and understand them. That’s what Uber is all about to me, connecting with people while getting to where you need to be.

To cap off, I wouldn’t replace my car but sometimes, I’d choose an Uber over my car. Mainly cause of the parking, the driving and just the prospect of networking with some cool people. Guess I’m being diplomatic – hah!

Rory

It has been an eventful week. Full of ups and downs and wow I sound like I’m writing the valedictorian speech that kickstarts 9/10 coming-of-age comedy movies. Let’s get straight to the point shall we?

Can I use Uber on a daily basis? Yes.
Would I use Uber on a daily basis? Nope.
Can Uber replace my car? Nope.
Is Deadpool an awesome movie? Yes.

This Uber Challenge was an interesting one for me, especially since prior to this I had never used the ride-sharing service. The challenge was to find out whether Uber could replace my car and my answer is, unfortunately, no. It’s simply far too convenient for me to have a car around — convenience Uber doesn’t afford.

I can store emergency supplies if needed, like an extra pair of shoes, a change of clothes and even various documents that would be too bulky to carry around, in my car. I also use my commute times to think, something I can’t do when I often have to converse with the Uber driver. That said, this is probably something that is unique to me so it might not be the case for everyone. But, the biggest reason why it won’t replace my car, even if I didn’t mind the incredibly high cost, is the time it takes to get a ride.

When I want to head out for a bite to eat or to pick up something from the supermarket, I can’t just up and go. I have to plan about 40 minutes in advance because my average waiting time for a ride is about 20 to 40 minutes. I don’t know about you, but I get very discouraged to leave the house when I remember that I could probably finish an entire episode of Arrow before a ride arrives.

While Uber has a lot of benefits — like not having to look for parking, being able to rest during your commute and meeting some truly interesting people — its cons simply outweigh the pros for me. It’s simply too hard to justify the cost and the inconvenience of waiting for a ride, to use it daily. I will definitely continue to use it when travelling from the office to events and back though, as it is not only more convenient, it also helps me keep track of my spending easily via the payment history.

Would I recommend that suburban residents ditch their car for Uber? No. I’d say the sweet spot is a combination of the two, not one or the other.

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