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Why the hell would anyone drive for Uber or Lyft?
Posted on 11/8/19 at 12:19 pm
Posted on 11/8/19 at 12:19 pm
I was in Chicago and I swear every other car I saw had an Uber/Lyft sticker on there.
I don't see the appeal. From what I understand driving for Uber/Lyft is pretty much taking out a home equity line of credit but on your car. You are simply borrowing against the equity in your car - which you will have to pay back later in terms of repairs, maintenance, tires, etc. No way does Uber/Lyft pay enough to where you come out ahead in the long run.
I don't see the appeal. From what I understand driving for Uber/Lyft is pretty much taking out a home equity line of credit but on your car. You are simply borrowing against the equity in your car - which you will have to pay back later in terms of repairs, maintenance, tires, etc. No way does Uber/Lyft pay enough to where you come out ahead in the long run.
Posted on 11/8/19 at 12:19 pm to airlinehwypanhandler
To put food on the table
Posted on 11/8/19 at 12:20 pm to airlinehwypanhandler
Some people do really well. Some do it as a side job.
Posted on 11/8/19 at 12:21 pm to airlinehwypanhandler
Sometimes people do what’s needed to get by in order to provide for their kids
Posted on 11/8/19 at 12:22 pm to airlinehwypanhandler
quote:Well that simply isn't true.
No way does Uber/Lyft pay enough to where you come out ahead in the long run.
Posted on 11/8/19 at 12:22 pm to airlinehwypanhandler
Because they need a payday loan basically. Sad really. Wear and tear on the car alone is why the economics aren’t there for most drivers with exception of some urban areas.
Posted on 11/8/19 at 12:23 pm to TigerWise
quote:
To put food on the table
But when its time to pay the piper in terms of repairs, maintenance, and all of that - how will you then put food on the table? I see it as a net loss.
Apparently the rates in New Orleans is $0.68 a mile. Federal tax calculators estimate wear and tear on a car is $0.58 a mile - so if you profit $0.10 a mile - that means for every 10,000 miles you drive you are profitting $1,000.
I don't see how that is worth it
Posted on 11/8/19 at 12:24 pm to FearTheFish
quote:
No way does Uber/Lyft pay enough to where you come out ahead in the long run.
quote:
Well that simply isn't true.
serious question, what are the financial arrangements? I've had nothing but positive experiences with both, and they are dirt cheap for the most part
Posted on 11/8/19 at 12:24 pm to airlinehwypanhandler
I would just do what Carl on Shameless did.
Posted on 11/8/19 at 12:24 pm to Koach K
every article i read about driving for both or either claimed it is a losing proposition in the end
Posted on 11/8/19 at 12:24 pm to airlinehwypanhandler
It doesn’t make any sense to me and I would never do it but glad someone does
Uber is a total game changer
Uber is a total game changer
Posted on 11/8/19 at 12:26 pm to airlinehwypanhandler
quote:
But when its time to pay the piper in terms of repairs, maintenance, and all of that - how will you then put food on the table? I see it as a net loss.
Takes $ to make $
quote:
Federal tax calculators estimate wear and tear on a car is $0.58 a mile - so if you profit $0.10 a mile - that means for every 10,000 miles you drive you are profitting $1,000.
The Fed is full of shite. Not all cars have the same cost to operate.
Posted on 11/8/19 at 12:29 pm to Pelican fan99
quote:
It doesn’t make any sense to me and I would never do it but glad someone does
Yep. I love that it exists, but financially speaking it really shouldn’t exist.
Uber eats is even shittier. Saw some baw record his first few days doing uber eats and vlogged it on YT. Poor dude worked like 8-10 hours and cleared like 50 bucks before gas expense.
Posted on 11/8/19 at 12:32 pm to JohnnyKilroy
quote:
Uber eats is even shittier. Saw some baw record his first few days doing uber eats and vlogged it on YT. Poor dude worked like 8-10 hours and cleared like 50 bucks before gas expense.
What did he expect? You're talking about delivering food to people who are so lazy they can't take the short trip to the closest McDonalds that is less than a mile away
Posted on 11/8/19 at 12:44 pm to JohnnyKilroy
quote:
financially speaking it really shouldn’t exist.
Did they stop teaching economics? If we are talking about things that shouldn't financially exist, lets talk about ethanol or domestically produced sugar.
Posted on 11/8/19 at 12:52 pm to airlinehwypanhandler
quote:
But when its time to pay the piper in terms of repairs, maintenance, and all of that - how will you then put food on the table? I see it as a net loss.
I don't understand this thinking. I drive 80 miles for work, sometimes more.
If you are driving 80 miles in new Orleans you've done about 20 trips and made more money in that day than I have.
And not sure what extra maintenance I've needed other than more gas. And I still only need to change my oil once a year.
I guess new tires? But then again I just got new ones a few months ago, 5 years after buying the vehicle.
This post was edited on 11/8/19 at 12:56 pm
Posted on 11/8/19 at 12:54 pm to dgnx6
You drive 80 stop and go city miles per day?
Posted on 11/8/19 at 12:58 pm to JohnnyKilroy
quote:
You drive 80 stop and go city miles per day?
On the way home to Nola, the traffic is pretty shitty in the afternoons.
Morning drive is a breaze.
But still, what more maintenance would I need if I was doing a few trips in the city at night? A lot of people have it as a second job.
I wouldn't do it, just because I don't like strangers. But you don't have to have any experience, don't have to have a resume, no interviews, no dress code, no going into an office. It's an easy job to land.
This post was edited on 11/8/19 at 1:04 pm
Posted on 11/8/19 at 1:01 pm to JohnnyKilroy
You could definitely drive for big events in the city and do well as side gig. But driving regularly it probably wouldn’t be worth it.
Posted on 11/8/19 at 1:02 pm to airlinehwypanhandler
I did it for about a year and yes it is a losing proposition if you want to do it full-time. Now it is a fantastic way to lower your tax burden and possibly make some extra coin out of your daily commute to work.
Uber allows you to only take rides that will get you on your way to your destination whether it is home or work. So what you can do then is flip the switch on for Uber and configure the system to only give you rides that are on your way. You are then on the clock and those miles that you drive can be used as an expense at the rate that is allowed by the government.
Uber allows you to only take rides that will get you on your way to your destination whether it is home or work. So what you can do then is flip the switch on for Uber and configure the system to only give you rides that are on your way. You are then on the clock and those miles that you drive can be used as an expense at the rate that is allowed by the government.
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