Urbanites Avoid Car Ownership Headaches With PhillyCarShare

13 April 2006 - 5:00am

A growing number of Philadelphians are avoiding the high cost of car ownership and the associated frustrations with the help of PhillyCarShare, a non-profit car borrowing organization.

"Ask any urban dweller-driver and you'll likely get an earful about sky-high insurance, expensive or inconvenient parking, and, of course, break-ins.

Which might explain the success of car-borrowing nonprofit group PhillyCarShare, and the mounting interest in Philadelphia of bigger, corporate car-sharing firms that operate in other cities."

"...PhillyCarShare has customers such as Philadelphia resident Stephen Playo and his wife, Nickolette Phillips, to itself.

Playo said they saved $3,000 or more a year using PhillyCarShare instead of owning a car.

"Anyone who lives here realizes how bad it is cost-wise," said Playo, an engineer who lives in Center City. 'All that time the car is parked... people are paying upward of $60 a day.'"

Source: The Philadelphia Inquirer, April 12, 2006
Bookmark and Share
There is lots of theory, and lots of wonderful mathematics, and even lots of dealmaking. But the financial engineers are not real engineers who take responsibility for the bridges that fall down. They have no notion of a safety factor.