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That's a valid point. You have to figure the total real cost of driving. Self employment means you're going to have lousy weeks and great weeks. But... if your baseline profit is only 350 from 40 hours from this and this alone, it's not worth it by any stretch.
In my 9 years as a cabbie and 19 as a private car operator I'm always ferreting away $100 p/week when I put a car on. Once the balance gets to 5k which should be the case in the first year of operation.

With that in the bank, a blown motor, transmission or forced holiday because a car has accident damage can be immediately funded. It sits in a mortgage offset account for a rainy day.

But for this safety net to exist there needs to be a fair return and clear margin on each job - that just cant seem possible on UBERX rates
 
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