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We have it 2 of 3 cars in NH
Posted by Noel [Email] (more from Noel) on Wed, 17 Jun 2009 13:56:07
In Reply to: EZ-Pass/FastLane, B Millar 
[Profile/Gallery]
, Wed, 17 Jun 2009 12:46:35
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Got them for free when the program started, shoulda gotten 3 but didn't look far enough ahead. The transponders cost the state about $5-6 so the cost can get covered pretty fast. And the goal probably isn't profit, but to break even over some unspecified period of time.
They get your money in their bank account and presumably get some interest off it. They recharge at whatever level you set, so it gives them a sort of annuity when multiplied over a couple hundred thousand EZ Pass accounts. Figure $30 x 200,000 = $6.0 M with a chunk of that being recycled on a monthly basis, adds up to a nice flow of interest.
They save money on staffing at toll booths, which is a biggie. Eventually the goal of automated toll collections is to have just one or two lanes with a person in them, like they do around Orlando.
I like the system and use it often going to NYC, Maine and upstate NY. My daughter has one of the transponders in her car in Maine so she never has to think about toll money. Very convenient.
Posts in this Thread:
- EZ-Pass/FastLane, B Millar , Wed, 17 Jun 2009 12:46:35
- MD now charging $1.50/month, JBinDC, Thu, 18 Jun 2009 15:32:22
- Anyone know if MA still has the exterior transponders?, turrbo
, Wed, 17 Jun 2009 20:15:17 - Re: EZ-Pass/FastLane, cloudship, Wed, 17 Jun 2009 17:38:51
- Another benefit here: lower tolls!, Bill Homer
, Wed, 17 Jun 2009 14:48:24 - We have it 2 of 3 cars in NH, Noel, Wed, 17 Jun 2009 13:56:07 <-- Viewing This Message
- I am doing the same....., THS, Wed, 17 Jun 2009 13:54:48
- Re: EZ-Pass/FastLane, Jason, Wed, 17 Jun 2009 13:20:03
- Thanks., B Millar , Wed, 17 Jun 2009 13:22:33
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