Maybe it’s time to stop spending all that cash on cars or motorcycles, because let’s face it, the money is literally all going up in smoke. Fuel, repairs and maintenance, etc will slowly chip away all your savings unless you choose a budget-friendly way of transportation.

Just like the all new M3 E-Scooter by Ecoreco which according to the manufacturer will let you travel for nearly 500 miles on $1 worth of fuel. So, instead of worrying about the next subway you can easily take this portable vehicle around town.

The scooty weighs around 34 lbs and can be folded to make carrying it easy at the end of the day. The vehicle can travel at a top speed of 20 miles per hour and it can be charged via any standard power outlet at your home, office, or even a restaurant. The M3 E-Scooter by Ecoreco is available for $999 via Ecoreco Store.