How you can save money by buying an E-scooter

UPDATE [6 Aug 2019]: The PMD safety certification deadline has been moved forward to July 2020. All non-UL2272 certified devices will be auto-deregistered and cannot be used in public after July 2020. Users can continue to ride only UL2272 certified PMDs beyond the July 2020 deadline.

If you’re looking for alternatives to taking public transport every day, an electric scooter is your best bet. It’s a given that purchasing an e-scooter costs less than buying a car. But how much are we really saving?

1. It is a cheap mode of transport

A Toyota Prius costs $154,000. Let’s not forget the Certificate of Entitlement (COE) which will cost as high as $37,000 depending on the type of car you intend to buy. That’s a pretty hefty sum to pay on top of paying for the car!

The Segway-Ninebot MAX costs $1,199. If you buy the Segway Ninebot MAX e-scooter with Mighty Velo at now, the total price of the e-scooter amounts up to only $1099. That’s $100 worth of savings!

Furthermore, if you buy a Segway Ninebot MAX at its launch price of $1099, it is essentially only 0.6% of the price of a car. This means that for the price of one car, you could buy 154 Ninebot MAXs!

What about motorcycles?

Motorcycles cost around $15,000 and the COE for a motorcycle is now about $8,000. Although it is much cheaper compared to owning a car, buying a motorcycle would still cost 15 times more than an e-scooter.

It’s safe to say that an e-scooter is the way to go if you want to save money, and you can save a lot just by opting for one instead of a motorcycle or car.

 2. You don’t have to pay for petrol

E-scooters are electric mobility devices that don’t require petrol so that means you save gas money. As opposed to owning a motorcycle or car where you have to pay for gas, an e-scooter only requires charging. It can be a concern if you have to constantly remember to charge it because if you forget to do it and your e-scooter runs out of battery, you won’t be able to ride it.

The good news is, there’s an easy solution to this problem. Opt for an e-scooter with a high mileage such as the Segway Ninebot MAX which can go up to 65km per charge. The Ninebot MAX offers a 6-hour fast charge, two times faster than any previous e-scooters.

Following the speed limit of 10km/h for e-scooters set by Land Transport Authority (LTA), you can ride for up to 3 days without needing to charge it (assuming you use the device for 2 hours a day). Due to this fact, you only need to charge it once a week if you use it for school or work commute, or twice a week if you use it during the weekends as well.

It is also great for GrabFood/Deliveroo/FoodPanda delivery riders as it enables you to go long distances between each charge.

 3. It is a worthy investment compared to using rental services 

This might seem counterintuitive, but it really is more cost-effective to buy an e-scooter instead of using e-scooter rental services.

You might be thinking, why buy an e-scooter when it’s much easier to just rent one? Moreover, you save on maintenance costs when you rent. It might seem like the best option for now, but you actually save a lot more in the long run when you buy an e-scooter.

For example, if you rent an e-scooter from GrabWheels, it is available for $0.50 for every 5 minutes of use. If you ride 1 hour to and from your school or workplace every day, you spend $12 per day.

In a year, that amounts to $4,380 just for rental fees.

However, if you were to buy the Segway-Ninebot MAX, it would only cost you $1099! Moreover, the Segway-Ninebot MAX can last you for more than a year, which can ultimately save you a lot of money.

 4. No need to fret over parking

With your own e-scooter, you don’t have to look for a specific parking spot like you’d have to if you were using an e-scooter rental service. If you own a car, parking can cost up to $3 per hour in central business district (CBD) areas!

Get a foldable e-scooter so you don’t have to worry about looking for a space to park your device. The Ninebot MAX has a one-click folding system that enables you to fold your e-scooter easily and roll it to places. You won’t have to spend money on parking and you can bring your e-scooter with you on the go!

 5. Earn money with your e-scooter

There are many ways you can use your e-scooter to earn money. You can earn money by doing food delivery with companies such as GrabFood, FoodPanda, and Deliveroo. For each delivery, a typical FoodPanda rider earns a basic hourly pay of $9 and an additional commission of $4-5 per delivery.

Another option would be to do parcel deliveries with your e-scooter under companies like HonestBee and CarPal. The more jobs you take, the more you earn.

With the Ninebot MAX, you can make plenty of deliveries in a day with its maximum range of 65km. It’s a good way to use your e-scooter to get a side job and earn some extra cash during the weekends.

An e-scooter is a worthy investment if you weigh the cost savings you can enjoy against the money already being spent. An electric scooter like the Ninebot MAX is durable and can travel the distance between charges, making it a viable option for someone looking to save money and time while traveling.

So what are you waiting for?! Get your LTA compliant UL2272 certified Segway-Ninebot MAX now!