Ditch The Car, Use Lyft?

The famed pink mustached rideshare company, Lyft.com, is offering monthly subscriptions to certain customers in specific markets as a test. For some, this could mean the end of car ownership. Subscriptions start at $199 a month for 30 rides at $15 or less. If you max it out, each ride costs approximately $6. For example, it is approximately 6 miles from my home to my husband's workplace. Lyft.com estimates the fare to be $14. So if you opted for the monthly plan and used it to commute to work and back, it would cost you $12 per day instead of $28. That's a 50% savings. 

You could drop your car insurance and registration fees. It's a equivalent to a car payment without having to pay insurance and registration.

Not a bad idea for those with a flex schedule. If you had to commute 5 days a week, you would opt for the $399 plan which includes 60 rides. 

This is an experimental program so we have yet to see whether it catches on.