When you count the costs, especially in light of the latest petrol-price hike, you realise just how erosive car ownership is on personal-wealth creation. Would you be better off selling your car and using a ride-sharing service such as flx or a ride-hailing service such as Uber, or downgrading to a cheaper car? As an illustration of one person's mobility spend, consider Bill, who drives a VW Polo 1.6 valued at R250,000. His instalment is about R2,500 a month. He spends R800 a month on petrol. His office parking costs him R750 a month and insurance R900 a month. He puts away R500 a month for maintenance. His car is depreciating at a rate of R1,500 a month. This amounts to R6,950 a month. If Bill used flx, his commute to work could cost him R1,600 a month. Flx links employers to corporate-shuttle providers, which then transport employees between their homes and work in Wi-Fi-enabled vehicles. Purpose-built for ride-sharing, flx works out your mileage and charges you accordingly. If th...

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