[EmanOn]

I should be receiving my TLC in the mail by next week, realistically if I rent a car for 400 a week, and I decide to work 40-50 hours a week, what numbers am I looking at ? Also any tips or advice would be highly appreciated.

 

[Wardell Curry]

I should be receiving my TLC in the mail by next week, realistically if I rent a car for 400 a week, and I decide to work 40-50 hours a week, what numbers am I looking at ? Also any tips or advice would be highly appreciated.

Just look up old threads. Also don't forget to add lube as one of your expenses. The pain is still there but it's not as bad.

 

[JustDre]

Save 30% for taxes every week. Most newbies forget that and get hit the year after

 

[aluber1968]

Uber will pay for your first two weeks of rental . Make sure that you follow all their requirements for their guarantee .
We are coming into summer, your earnings will be crap.
Rent the car, this way it will be easier to leave this game.

 

[Alone44]

40 hours = 300$ after expanses
50 hours = 400$ after expanses
Good luck newbie!!!

 

[Kevin B]

you gotta work 70 hours man last i week i work 70 hours i made 800 because my expense was 500, but this week its not looking so good.
renting for $400 is too much

 

[Wardell Curry]

So

you gotta work 70 hours man last i week i work 70 hours i made 800 because my expense was 500, but this week its not looking so good.
renting for $400 is too much

So you made $1300 in 70 hours? Dude, wtf are you driving? That is bottom 5% of the hierarchy.

 

[Roadmasta]

Why drive? Someone told you it's good? Advertisement you believed? Your better off driving a taxi and see if it's good for you. Don't sign any contract, you'll soon regret and be stuck.

 

[K.O.N.Y]

you gotta work 70 hours man last i week i work 70 hours i made 800 because my expense was 500, but this week its not looking so good.
renting for $400 is too much

Hope your joking

 

[Kevin B]

So

So you made $1300 in 70 hours? Dude, wtf are you driving? That is bottom 5% of the hierarchy.

im working at least 58 hours ..

 

[ubernyc]

So

So you made $1300 in 70 hours? Dude, wtf are you driving? That is bottom 5% of the hierarchy.

That sounds about right

18-23 for UberX, 20-25 for yellow

 

[EmanOn]

So I’m a frequent Uber/lyft user .. I’ll talk to the drivers and they say they usually make 1500 a week. Some have said they make close to 2200 (I find that statement a bit harder to believe than 1500) , but what made me consider this business is the flexibility and having no boss. So you guys are saying renting truly sucks, how about financing. Would anyone say it’s worth it to finance or not even then ?

 

[Kevin B]

So I'm a frequent Uber/lyft user .. I'll talk to the drivers and they say they usually make 1500 a week. Some have said they make close to 2200 (I find that statement a bit harder to believe than 1500) , but what made me consider this business is the flexibility and having no boss. So you guys are saying renting truly sucks, how about financing. Would anyone say it's worth it to finance or not even then ?

let me tell u something man just rent and see if this is for u , im renting because i am a student and i can quit anytime i want . if u finance ur stuck with the car for minimum 3 years and this job trust me u dont even make minium wage after taxes.

 

[EcoboostMKS]

So I'm a frequent Uber/lyft user .. I'll talk to the drivers and they say they usually make 1500 a week. Some have said they make close to 2200 (I find that statement a bit harder to believe than 1500) , but what made me consider this business is the flexibility and having no boss. So you guys are saying renting truly sucks, how about financing. Would anyone say it's worth it to finance or not even then ?

The thing with uber drivers is most aren't very good with simple math.

 

[maximumuber]

Since Uber offer a 2 week free rental, try that out then come to your own conclusion

 

[BOO3]

Hope your joking

Actually KevinB is right, except he left out the part after taxes. If math is done correctly it's actually $8.00-10.00/hr.

Everyone else is in denial or want to show their girlfriends how much of a bawler they are driving for UBER

http://fortune.com/2018/03/06/uber-lyft-mit-zoepf/
"Zoepf said he would be updating the CEEPR paper, but in the meantime he recalculated the figures using a methodology suggested by Hall, and found that the median profit was $8.55 per hour, rather than $3.37, and only 8% of drivers lose money on on-demand platfor"

 

[bigdreamslittlemoney]

Actually KevinB is right, except he left out the part after taxes. If math is done correctly it's actually $8.00-10.00/hr.

Everyone else is in denial or want to show their girlfriends how much of a bawler they are driving UBER

http://fortune.com/2018/03/06/uber-lyft-mit-zoepf/
"Zoepf said he would be updating the CEEPR paper, but in the meantime he recalculated the figures using a methodology suggested by Hall, and found that the median profit was $8.55 per hour, rather than $3.37, and only 8% of drivers lose money on on-demand platfor"

this is after they took out car depreciation out from the equation right.

 

[Jonrockzz]

I should be receiving my TLC in the mail by next week, realistically if I rent a car for 400 a week, and I decide to work 40-50 hours a week, what numbers am I looking at ? Also any tips or advice would be highly appreciated.

Expect disappointment

 

[Wardell Curry]

That sounds about right

18-23 for UberX, 20-25 for yellow

I was averaging 28 an hour last year Jan -July using ONLY Uber. If you have at least 2 apps and you are doing only entry level, you should be doing at least 23 an hour before expenses unless you are simply incompetent.

 

[BOO3]

this is after they took out car depreciation out from the equation right.

It should be. The 8% that's losing money are people who drive older cars that require more maintenance work, etc...

The kicker is you need to keep buying a new vehicle every few years to maintain your earnings otherwise it'll spiral down.