Car ownership costs vary widely. If you buy a new $50,000 car every two years, that is obviously very expensive, and then will be expensive to insure, and many of those luxury vehicles aren't amazingly efficient.
Whereas you can usually find a reliable and efficient used car for under $5000 and keep it for quite a bit more than 2 years, with a good driving record and the lower cost vehicle it can cost less than $1000/year to insure, and maintenance is dramatically less expensive if you do it yourself. And I mean the difference is $60 for a part on the internet vs. they charge you $250 for the same part and $500 for the labor to put it in.
By contrast, a monthly NYC subway pass will run you a little over $1500/year, which will in most cases be less but not necessarily a whole lot less. Plus whatever you get stuck paying to Uber whenever you have to go somewhere the subway doesn't.
Whereas you can usually find a reliable and efficient used car for under $5000 and keep it for quite a bit more than 2 years, with a good driving record and the lower cost vehicle it can cost less than $1000/year to insure, and maintenance is dramatically less expensive if you do it yourself. And I mean the difference is $60 for a part on the internet vs. they charge you $250 for the same part and $500 for the labor to put it in.
By contrast, a monthly NYC subway pass will run you a little over $1500/year, which will in most cases be less but not necessarily a whole lot less. Plus whatever you get stuck paying to Uber whenever you have to go somewhere the subway doesn't.