Uber Drivers Forum banner
1 - 20 of 28 Posts

·
Premium Member
Joined
·
17,348 Posts
Discussion Starter · #6 · (Edited)
I don't know but how much did you make though?
~$16K Gross.
Suburbs tell the tale with average ride, across 1004 rides, being >$15
This is including all incentives and bonuses. For the first first few months LYFT had 25% launch driver bonus, and I got one Driver referral (thanks, you know who you are in this forum) for $500, all of which is included in that total).

Not sure completely all expenses/write offs/total kms (I'll know next year at tax time), but I can say that I run about 40% dead miles (Lyft in the 'Burbs), and fuel costs are $1 per 100km (EV). Vehicle (VOLT) maintenance thus far has been 1 flat tire ($30 repair) and one windshield replacement (crack on drivers side driving to Hailburton in the fall 2017) to pass original Safety to qualify for rideshare ($500 deductible thru insurance) nothing else...so far. Touch wood.

First oil change ($60 synthetic) that I will have to pay should be in December, and one per year going forward...to service the range-extending gasoline engine.
 

·
Premium Member
Joined
·
6,871 Posts
I guess this is not bad for a part-timer?
I started December 12th, Lyft Only (no Uber). Part Time in the evenings and occasional weekends.
Hit 1000th Ride at 7pm this evening.
Yay Me?

Good for you young man!

Questions for ya...

1. Where in the burbs do you drive? I signed up for both LYFT and UBER and I'm wondering what the LYFT traffic is like in the areas it's offered at in Ajax and Oshawa

2. Just finished my LYFT background check and am awaiting the part to upload my HST # - dont have it yet but it's in the mail now - what bonuses am I going to expect once I start?

3. How are you liking LYFT so far?

Cheers!
 

·
Premium Member
Joined
·
17,348 Posts
Discussion Starter · #9 ·
I drive Mississauga/Brampton mostly (albeit Milton and Oakville factor in as well).
But If I get 'paid' to go downtown Toronto by a Pax, I will always stay downtown. I've never been to Ajax or Oshawa. One ride took me to Pickering a few months ago, and that was far enough.

My regular routine: I happen to live in a residential neighborhood in Mississauga that (in general) has very few ants after 10pm. This is when I drive. Evenings are solid enough lots of back and forth to Milton/Brampton, but lots of dead km. Would not recommend my particularly strategy if you are using a gas car unless it a PRIUS.
 

·
Premium Member
Joined
·
17,348 Posts
Discussion Starter · #12 ·
Currently working out my 2018 Tax Year, here are some numbers, LYFT ONLY, in case you are interested
(Mostly in the suburbs and lots of Destination Feature, hence the high dead km%)
(Also, cancels/no-shows which get the 5.65 fee are not counted as 'rides', so inflate the cost per ride)
I have not included (# of hours with App on) to get 'hourly rate' because LYFT doesn't provide this info, and I don't track it. But some quick arithmetic says on average I did 4 rides a day (under the false assumption of driving EVERY DAY OF THE YEAR!)...which is kind of shocking, considering I tell myself I'm doing this part-time. I usually drive week-day evenings and some Weekends.

2018 Totals
Rides1544
Ride km18676
Dead km16253
Total Rideshare km34929
Dead %44.8
All km (Personal + Rideshare)50610
Rideshare %69.02
Average Ride (Gross incl. all bonuses/incentives/cancelfees)$18.73 (so much for LYFT being mostly shorties!)
Tolls64.85
Gross Earnings (all sales)28919.86
Lyft Fees (negative)9323.27
HST (negative)3656.05
ITC (Lyft) (positive)1211.22
 

·
Premium Member
Joined
·
17,348 Posts
Discussion Starter · #16 ·
Fortunately, he's using a hybrid and most of the driving is done on cheap electricity. Otherwise, its' a guaranteed money loser to do Lyft in the suburbs.
Exactly. While I don't do a lot of long pick-ups, I do, in general, drive home and plug in between rides. This generates a lot of 'Dead Kms' in the Burbs due to more time between pings.

It is notable that there is A LOT LESS Maintence on a (Range Extended) EV and fuel costs are well under half that of a fuel efficient ICE vehicle.

Unfortunately, I do not calcuate the # of ride share kms on electrons, vs. the # of ride share kms on gasoline....by my estimate it is 60/40 in the winter and 90/10 in the summer, for an average of 70/30. (Which, co-incidentally, is the same percentage as my personal kms (which consist of a balance of commuting, and road trips)

@Kurt Halfyard let us know, how the hst numbers looking!
My HST #s are not due until June 2019, but since I'm already doing taxes, and 2018 is finished, I will probably calculate the HST and remit it early. I'm guessing I can half the number (after LYFT ITCs are removed, and my own personal ITCs are added) -> I'm expecting to pay about $1200-$1400 back to the Gov't.

Yeah! I am spending $320/month on gas
I will know in a bit what I spent it gas in 2018. I'm expecting it to be well under $300 PER THE ENTIRE YEAR.
Electricity costs are ~1.2cent per km, so around $350 on electricity for doing a years worth of ride share, and this includes all the DEAD kms. THIS IS WHY AN EV is a good vehicle for rideshare. (Noteworthy: No other maintenence except for tire-rotation and 1 annual oil change on the range-extending engine for $70)
If I separated out all the tips over the year (~5% gross), I'm 100% confident that it would cover both the electricity and gas for my entire year, as this would be about $1400, and I spent < $700 in fuel.

Basically, @Underground, I am spending 1/6th the amount of cost in fuel as compared to your estimate above.
 

·
Registered
Joined
·
96 Posts
I have not included (# of hours with App on) to get 'hourly rate' because LYFT doesn't provide this info, and I don't track it.
The Hours online for each week can be found in your Driving History when you drill into any week.

I will know in a bit what I spent it gas in 2018. I'm expecting it to be well under $300 PER THE ENTIRE YEAR.
Electricity costs are ~1.2cent per km, so around $350 on electricity for doing a years worth of ride share, and this includes all the DEAD kms. THIS IS WHY AN EV is a good vehicle for rideshare.
Wow. That's amazing.
 
1 - 20 of 28 Posts
Top