Great article about Car Sharing and the cost of owning a Car.

Wow! I didn't know owning a car was so expensive. over at MSN there is a great article Should you share a car? that has some great statistics about the cost of owning a car, and some car share resources. Very nice summary.

Now look at these numbers for the average car ownership costs by city.

Location	Annual cost*	Monthly cost
Detroit	$11,844	$987
Philadelphia	$10,672	$889
Los Angeles	$10,361	$863
Boston	$9,660	$805
Miami	$9,216	$768
Baltimore	$9,125	$760
Denver	$8,949	$746
Houston	$8,467	$706
Topeka, Kan.	$8,078	$673
Grand Forks, N.D.	$7,423	$619
Sioux Falls, S.D.	$7,401	$617
Knoxville, Tenn.	$7,399	$617
National average	$7,967	$664

*The figures reflect the annual costs, including fuel, routine maintenance, tires, insurance, license and registration fees, finance charges and depreciation costs for a 2006 midsize sedan driven 15,000 miles a year for four years.

So taking a page from one of my other favorite blogs My Open Wallet and investing the $9,600 ($800/month x 12 months) saved each year, imagine how much you might have if you invested it conservatively. The article talks about reducing the dependence on foreign oil, environmental and community benefits. Could it work on a large scale?