The American Automobile Association (AAA) calculates that operating your own car costs approximately .77 cents/mile (2012). If you drive you car to work alone five days per week, 40 miles one way, it will cost you approximately $1,154.00 per month.
By contrast, vanpool costs are calculated between .05 and .10 cents/mile. The same commute of 40 miles would cost you just $160.00/month! (costs will vary depending upon individual lease agreements, number of participants and/or gasoline costs).
The Commuter Choice Provision of the federal IRS tax code allows commuters to deduct up to $255/month, pre-tax, from your paycheck to pay for your vanpool costs. This translates into even more savings! Ask your employer about making deductions.
Since you will be using your personal vehicle less frequently, vanpool commuters are often eligible for reductions in their personal automobile insurance premiums. Contact your insurance carrier for more information.
That long commute can be a lonely one. Why not share it? Many vanpoolers report that the camaraderie of their carpool makes their commute more enjoyable and more productive. Links to commuter quotes, photos?
You don’t have to be a “tree hugger” to help the environment. For each gallon of gas a car burns, it emits about 20 pounds of carbon dioxide. Vanpool just two days a week can reduce your greenhouse gas emissions by an average of two tons per year. (US EPA)