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Is It Cheaper To Lease Cars For Transit Riders?

Posted by: Chris Steins
Thanks to: Chris Steins
10 June 2005 - 1:00pm

How does the cost of new rail systems compare to leasing riders luxury SUVs instead?

"O’Rourke compared the cost of new rail systems to the cost of leasing riders luxury SUVs and found transit wanting. Transit advocates have challenged this point, but it still holds true.

...[A] new BMW X-5 luxury SUV, available for lease at an annual cost of less than $6,300... the cost for each new annual commuter using the line two ways each work day (for 450 trips each year) would be approximately $8,400 -- or about $2,100 more than the cost to lease a BMW luxury SUV for the year."

Full Story: Obfuscation Doesn’t Change the Facts: Rail Transit Is Unreasonably Expensive
Source: The Heritage Foundation, June 10, 2005
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