Commuters save money while regional mobility improves
The Los Angels County Metropolitan Transportation Authority (Metro) has joined vanpool leasing agencies, employee transportation groups and TV journalist Huell Howser to announce a new five-year, $19 million Metro Vanpool Program that provides substantial savings to vanpool commuters.
Commuters on new or existing vanpools can receive a $400 per month subsidy to lower the leasing cost of a vanpool vehicle and the fare to each rider. The program is self-sustaining, and is funded through special state and federal rideshare grants that reimburse Metro based on the number of vanpool riders and vanpool vehicle miles driven.
A 70-mile roundtrip distance commute for the solo commuter can cost as much as $785 per month in car ownership, fuel, and maintenance costs. The same vanpool trip without Metro is about $224 person per month, but with the Metro Vanpool Program, the vanpool commute is further reduced to a $170 fare. The new $400 subsidy makes vanpooling even more affordable by saving an additional 20 to 30 percent off the monthly cost to each member.
“Sharing the ride by joining a vanpool has always been a convenient, reliable and economical way to get to and from work,” said Pam O’Connor, Santa Monica City Councilmember and Metro Board Chair. “Now it’s even more cost-effective for many of today’s commuters whose budgets are being continually depleted by persistently high gasoline prices. Not only will commuters save money, but they will save tome by gaining access to the county’s extensive network of carpool lanes.”
Vanpoolers can shave an average of 20 minuets off of their commute time by using carpool lanes, and lower the stress and expense of driving alone. Currently, 70 percent of commute trips on the region’s roadways are made by solo drivers.
“While much of Metro’s efforts are centered on improving bus and rail services for our transit customers, this new program aims at the very heart of the commute problem in our county: daily solo drivers,” said Roger Snoble, Metro CEO. “We are confident that more L.A. commuters will make a simple dollars and cents decision to let Metro help defray vanpool leasing costs. The amount of funding and resources we are providing for this program is substantial, and underscores our long-term commitment to making vanpooling even more economical and accessible in L.A. County.”
The $400 monthly lease subsidy is accepted by Metro’s partner leasing agencies, cannot exce3ed 50 percent of the lease costs, and is available to qualified commuter vanpool groups of five-fifteen passengers that have a destination to a L.A. County worksite.
Under a board motion presented by L.A. County Supervisor and Metro Board Member Zev Yaroslavsky, the Metro Vanpool Program specifically targets the formation of vanpools to major employment centers throughout Los Angeles County.
“Vanpooling offers a terrific commuting alternative when people are traveling to and from the same worksite,” Yaroslavsky said. “Major employment centers throughout our county will be able to offer their workers the opportunity to leave more of their cars at home, which helps reduce congestion for everyone.”
Vanpool leasing companies that participate in the program are Enterprise Rideshare, Midway Rideshare and VPSI, Inc. Private transit, private shuttles, private vanpools and owner-operated vanpools are not eligible to enroll in the program.
Both new and existing vanpool groups with a valid vanpool lease agreement with a partner agency are eligible. Vanpools must end at a work site located within Los Angeles County and begin service with at least 70 percent of vehicle seats occupied. Open seats will be advertised as available and are open to the public.
For additional Metro Vanpool Program details and requirements, visit www.metro.net/vanpool, or call 1-800-COMMUTE (option #3).