Trikaroos are extremely economical, with a charge costing between 9-15 cents so for as little as a dollar you can go roughly 400 miles. Think about the annual savings you will get by choosing to use a Trikaroo.
We wanted to illustrate for you the potential one, three and five year financial benefits for owning a Trikaroo Boomer versus owning a second gas-powered vehicle.
Here is What We Found:
|Second Car||Trikaroo||Extra Cost of Owning a Car|
|Interest @ 5% over 60 months||$2,645.00||$0.00||$2,645.00|
|Maintenance & Repair||$312.00||$0.00||$312.00|
|Total Annual Cost||$7,800.00||$400.40||$7,399.60|
|3 Years Cost||$23,400.00||$1,401.20||$21,998.80|
|5 Years Cost||$39,000.00||$2,352.00||$36,648.00|
It's no surprise that the difference in initial retail price is the biggest cause for the cost increase of owning a car, but you get hit with that price tag again (and every year) with depreciation, and Consumer Reports lists an average of a 65% loss in value over five years. For our example of a gently used $20,000 car, you're losing $13,000 in depreciation over five years.
The next highest cost of car ownership is fuel; this is where your all-electric Trikaroo Boomer truly excels and saves you money! Your Boomer can go 40 miles on a single charge, and the electricity cost to charge averages $1 for 400 miles. This means our example family is only paying 20 cents/week in fuel expenses for their Trikaroo, vs $36.00 /week for the car owners.
We based our assumptions on a household who is buying a used 2012 model car in the median price range of $20,000. We then based the cost of ownership of this vehicle on the article " How Much Is Your New Car Really Going to Cost?" from Consumer Reports. Here is the annual cost broken down into owner cost percentages:
For the Trikaroo ownership cost, we used the following assumptions:
- 80 miles of travel per week, 20 cents/week in electricity usage for charging
- 65% depreciation over 5 years; $390 / year
- $200 in maintenance at 3 years (not DIY, includes new tires), $350 in maintenance at 5 years for a new battery (easily self installed)
- No insurance cost; Trikaroos are covered under homeowner's insurance