[Rustyshackelford]

What fall???? there are morons lined up everyday trying to get in this business.
I see the whole damage and skipping out on your cash thing but I would assume there is a way to tie Uber earning into it if something goes wrong.
Business is booming with these TLC rental car companies I'm sure.

You'll see. It won't last another year.

 

[jaybx17]

You'll see. It won't last another year.

Ok. I'll hold you to that bro, lets see! Lol
SIDE NOTE: I'm not defending the apps here I'm just saying business is booming for the TLC and rental companies

 

[Rustyshackelford]

Ok. I'll hold you to that bro, lets see! Lol
SIDE NOTE: I'm not defending the apps here I'm just saying business is booming for the TLC and rental companies

You don't see the big picture. it will start next week. Once the suburbs open up. Nyc Uber will die off

 

[Frankyfiggs]

You don't see the big picture. it will start next week. Once the suburbs open up. Nyc Uber will die off

how so? are you saying suburbs drivers jumped thru the tlc hoops to just work the city then they gonna drop their plates and work the burbs?

or that all the riders who order trips in nyc are going to move to yonkers for cheap uber? i think the demand will level off at some point, but its not gonna tank out because of the burbs...unless uber tried to do dirt on tlc and let their burbs drivers do nyc pickups, short of that I have trouble seeing what you see on this

 

[shella]

You don't see the big picture. it will start next week. Once the suburbs open up. Nyc Uber will die off

I DONT UNDERSTAND , suburbs open up ?!!

 

[Rustyshackelford]

how so? are you saying suburbs drivers jumped thru the tlc hoops to just work the city then they gonna drop their plates and work the burbs?

or that all the riders who order trips in nyc are going to move to yonkers for cheap uber? i think the demand will level off at some point, but its not gonna tank out because of the burbs...unless uber tried to do dirt on tlc and let their burbs drivers do nyc pickups, short of that I have trouble seeing what you see on this

What I am saying is people will realize that its not worth driving in NYC and will jump ship Especially when LI westchester open up. youre allowed to have a 2002+ car. Regular plates and insurance, and you dont have to deal with the mafia called TLC. I will tell you this over and over again NET FOR NET NJ and CT drivers earn more than NYC app drivers.

 

[Frankyfiggs]

What I am saying is people will realize that its not worth driving in NYC and will jump ship Especially when LI westchester open up. youre allowed to have a 2002+ car. Regular plates and insurance, and you dont have to deal with the mafia called TLC. I will tell you this over and over again NET FOR NET NJ and CT drivers earn more than NYC app drivers.

what about hawaii or the caribean?
if im gonna jump district for uber im gonna go to honolulu before teaneck.

i live in nyc. you might be right on certain hubs in jers but not the whole state.

 

[Kaleb379]

Why would the dealership not just rent the 5 cars out themselves? Why tell you to buy them and rent them out? LOL, Obviously they want to make it seem like a great idea, when in reality it will be a nightmare for you.

 

[Rustyshackelford]

what about hawaii or the caribean?
if im gonna jump district for uber im gonna go to honolulu before teaneck.

i live in nyc. you might be right on certain hubs in jers but not the whole state.

This has been proven before...Lenny will come along and tell you what I showed him...NET FOR NET average NJ and CT driver, i dont care what neighborhood will earn more than a NYC driver. So until NYC raises its rates, it will not be worth it. there will be a mass exodus, and rental returns....this is why they are offering others to take on the liability.

 

[shella]

Why would the dealership not just rent the 5 cars out themselves? Why tell you to buy them and rent them out? LOL, Obviously they want to make it seem like a great idea, when in reality it will be a nightmare for you.

they have rentals too, but they are making money from sales as well , so they have 2 operations rentals and sales , and i was told by them to rent first but i kept insist about to buy my own cars so they offer me fleet program

 

[Frankyfiggs]

listen I think if you prepare to become a rental service there is possibility to make money. that includes the service top to bottom on the cars and good connections with the insurance.

i think if you dont have the ability to service or repair the cars for a mechanics cost or less, it would be a problem.

also a place to put the cars and to work on them.

i think luxor sells themselves the cars at dealer rates that they rent out. that is how they cut the car cost down

so if they sell 5 at regular rate its like 5 used car sales.

are the cars plated? thats another 15k

 

[shella]

listen I think if you prepare to become a rental service there is possibility to make money. that includes the service top to bottom on the cars and good connections with the insurance.

i think if you dont have the ability to service or repair the cars for a mechanics cost or less, it would be a problem.

also a place to put the cars and to work on them.

i think luxor sells themselves the cars at dealer rates that they rent out. that is how they cut the car cost down

so if they sell 5 at regular rate its like 5 used car sales.

are the cars plated? thats another 15k

most important to me is how much im paying a month , and how good condition of the cars and i think im doing very ok with both ways

 

[uber79nyc]

This doesn't sound and doesn't look good from any financial and sanity stand point, if driving 1 car is not profitable how multiplying it by 5 will change the picture? Car payment, Insurance, maintenance, registrations, TLC, advertising, 24 hours calls from drivers, road assistance, continued inquiries about rentals etc... this kind of decision can't come from a thread rather than a real financial spreadsheet analysis.

 

[Dumdum pool]

It can come from here .. he should but 5 cars and see if he could get a sweet deal on a 6th car ..

 

[Frankyfiggs]

This doesn't sound and doesn't look good from any financial and sanity stand point, if driving 1 car is not profitable how multiplying it by 5 will change the picture? Car payment, Insurance, maintenance, registrations, TLC, advertising, 24 hours calls from drivers, road assistance, continued inquiries about rentals etc... this kind of decision can't come from a thread rather than a real financial spreadsheet analysis.

He would not be driving anymore.hed be managing drivers and fleet.

 

[uber79nyc]

He would not be driving anymore.hed be managing drivers and fleet.

he is going to need to drive or increase his fleet because at the current scenario his monthly cost per car will run just below 1k which includes financing, licenses and registration, road assistance and required maintenance. If he is lucky to have all cars rented 24/7 during 365 days at 400 each he would have a monthly gross profit around 750 per car... 5x 750 = 3,750 before taxes.

 

[Frankyfiggs]

he is going to need to drive or increase his fleet because at the current scenario his monthly cost per car will run just below 1k which includes financing, licenses and registration, road assistance and required maintenance. If he is lucky to have all cars rented 24/7 during 365 days at 400 each he would have a monthly gross profit around 750 per car... 5x 750 = 3,750 before taxes.

Yes the margins are the clinchers I would think. The numbers look alot better with paid off cars. Fleet insurance gives you a discount on multiples yea? How much?

 

[uber79nyc]

Yes the margins are the clinchers I would think. The numbers look alot better with paid off cars. Fleet insurance gives you a discount on multiples yea? How much?

True. Having to finance the fleet can be challenging, specially when you get stuck with the cars and no renters.