Modo vs. owning
Consider this: It costs the average Canadian driver between $8,600 and $13,000 per year to own and operate a vehicle.
It also costs roughly:
- $200 a month to finance and/or purchase a vehicle,
- $100+ per month to insure it,
- $100 to fill it with gas, plus
- $100 to maintain it.
That’s $500 per month without including depreciation, parking and those little unexpected costs (that are often not so little!)
To compare, Modo members pay about $600 per year augmenting their transportation needs as required with walking, cycling, public transit, one-way carsharing, taxis, etc.
So with Modo you’re saving dollars and the environment, since every Modo vehicle takes approximately 9–13 private vehicles off the road.