American saves USD 8,000 per year by not owning a car.

The Urbanist: "Accounting for all of this and sparing the dry calculations, at a minimum I’m saving an astounding $8,000 annually. This is remarkably consistent with the savings Zipcar reports from its membership. $8,000 is a huge a portion of my income. If I wanted to own a car but save the same amount elsewhere in the budget I’d need to string out my student loan debt many more years or cut my rent in half, which is nigh-impossible in the Seattle housing market. Owning a car would doubtlessly be a net financial loss–not to mention the effects on my carbon footprint and chance of serious injury."'