334 + 50[hertz insurance/i added it just in case] + tax and charging(about 100) = total came out about 554 for first week.
my question is do i really need extra hertz rental car insurance?
also can i drive thru express lanes and carpools anytime if i have passenger?
many passengers told me why don't i just buy used tesla if i pay about 2200 a month… do you also think its better just purchase used tesla model 3?
Drive safe and stay safe whoever read this
It's been many drivers experiences that renting, especially an expensive vehicle like a Tesla, isn't the way to go.
You DO need the Hertz insurance or else they try to charge you for every little spec of damage. The rims scrape curbs, the faux leather seats bubble, people key the car and hit it on purpose, etc. Any major repairs have to go back to factory. You might not get another Tesla right away.
As far as the carpool lanes, tolls etc.,you should check with Hertz as tolls go on the vehicle, however Uber reimburses you do you may have to reimburse Hertz later. People have been arrested by Hertz for errors in their system or staff mistakes, for stealing their cars after renting, including Uber drivers.
Spending $2000 a month for a used Tesla or any vehicle for rideshare, due to the low pay, is completely insane. That equates to $24,000 a year just for the vehicle, not including charging fees, replacement tires, repairs etc.
The median average gross income of a 70 hours of driving weekly rideshare driver is about $1500. But it can go as low as $1000 a week sometimes or as high as $3000 in rare freak times of extreme demand.
The problem with Tesla's is their high frequency of charging due to poor range. It's the future, just electrics are not quite ready for the mainstream market yet. I sometimes do over 800 miles in a day. So there is a lot of money and trips your going to have to cancel because you don't have enough charge.
I've done 85,000 miles in a year and only taxed on $15,000 of income for $3600. A very busy post covid lockdown year I did 100,000 miles for $30,000 taxed for $10,000, so only made $20,000 for driving 7 hours a day everyday last year.
Uber doesn't pay enough for the same amount of effort of a regular job. The big money coming in looks good, but it goes out just as fast.
MIT suggests one DON'T do Uber for a living, but if you do, do not spend more that $20,000 for your vehicles as the high annual mileage burns them out.
A typical, well taken care of ice vehicle can last 300,000 miles Good local repairs are essential.
Although with a rental, flat tires and repairs etc are not your problem, but being stuck on the side of the road with no way home certainly is.
On my end I started Uber with a $20,000 F-150, the most popular selling vehicle in the US. I put 340,000 Uber miles on it's existing 100,000 miles for a total of 440,000 miles. I've had a few parts replaced sure nothing drastic. It looks and runs nearly like new.
Despite being a gas vehicle, after 3.5 years I now have $60,000 saved up and Uber says I can keep using the same vehicle for another 7 more years!
So your burning $24,000 a year for your vehicle (although electric so it does save on fuel) and I'm spending $20,000 for 11 years at say, $100 a day for fuel. My case is better because I'm not having to pay if I'm not driving you still have to pay for your rental so basically it's forcing you to drive looking for trips. For me I just wait at home spending nothing unless it's profitable. 😁
The Tesla is going to need replacement batteries, why they are on the used market. Those cost $20,000 and it has to go back to factory.
Until the charging time is very fast, all gas stations have a quick EV pump, the range is more than 800 miles, it's not profitable to use EVs at this time.
I'm all for getting an electric SUV that seats 6 comfortably with luggage, 800+ range, quick charge, easily replaced locally batteries and repairs. Just not ready yet, not at the chump change they pay us.
