[DriverX]

Your argument fails to consider that I can give my lease back and the only reason I haven't is because it still has value.

I haven't stopped driving just not emphasizing it since I have more lucrative opportunities while Uber is slow.

Anyway, you're in your 40s, driving for Uber and constantly whining about what other people do. Forgive me if I don't look to you as a persuasive authority of what to do in life.

I haven't griped about Uber in long time because I haven't driven for them seriously in months now. I'm yelling at the dopey grinders that are whining. You started this whine thread not me, I'm just pointing out how all the BS you thought when you started hasn't really worked out the way you claimed.

If you read my past comments I actually don't have a problem with most of the BS Uber does. I dont' give a F about tips or guaranteed hours. I've actually commended the company for having the balls to give drivers surge pricing and allowing us to set our price with it. It's you grinding fools that don't get it and go drive your leases around at standard rate all day.

Try not to take it to personally, I'm using you like a tool to get my point across but you're used to being used like a tool right so you don't mind.

 

[DriverPsycho]

Ha! On the bright side, I have to thank Null n the other grinders for keeping me cozy n warm at home...

 

[Tidballa]

Have a story from Friday night. I did the one ride for Lyft guarantees and then drove uber from 1-3am. This is my 2nd time driving bars closing in PB. (I couldn't fall asleep and I was curious how bad it would be) so I am parked right next to thrusters at about 1:30am. I get a pool and I accept it for some reason... she is right there, and hops in my car. She is getting out of work and very nice and not drunk. Then I get a pickup at backyard and I tell her I have to get this guy (nice college student at usd and just a little buzzed but not drunk). So I begin driving to bay park and then usd area and get a third buzz so I reluctantly accept it and have to turn around and drive back 4 blocks to alehouse. (I pretty much just want to teach these people how stupid pool is).

Anyways, the third guy hops in my car and I go, "how ya doing, buddy!?!?!?" And he just gives me a grunt. The rest of us in the car start getting tense. As we're driving he sticks his face out the window and spits which was gross. Then a couple blocks later I'm at a red light and I hear him burp. The kid from usd goes, "you gotta pull over." The girl in the front seat gives him my empty big gulp cup, I run a red light and take a left turn. I get out of the car and open it and he throws up in the cup and then it spills all over his shirt. He gets out and tries to hand me the cup. Ha. I pass on accepting the cup. I tell him to get it all out over in the grass but he throws up right next to my car. He goes, "go without me, I'll be fine." He left no throw up in my car and I wiped down the seat anyways. I take the other two home and then come back to my place and go to bed. I get an email in the morning from uber and they tell one of the riders complained and wanted their $2 back. They took the $2 from me like it was my fault. I wrote to uber the story and said that I don't even care about the money but it is pretty messed up that you are taking money away from me and that I will never accept a pool ever again. Take me off, please. They write back some b.s. about how I can't be taken off pool and I should continue accepting them. It just blows my mind someone cares about a $2 ride that much that they would complain. Cheap as shit. Uber ended up giving me $4 and change. Moral of the story: never accept pool. That was the 2nd time I've ever done it.

 

[DriverX]

LOL perfect pool ride. Well executed! sorry you had to bare the brunt to give these cheap ass pax an education.

Thanks for your service!

 

[DriverPsycho]

Like a soldier!

 

[Andre Benjamin 6000]

LMFAO!!!!!

 

[Null]

K, thanks for the info. That may be low, relative to other Uber lease deals--but it's still over twice what a monthly car payment would cost you if you bought one. Why do you choose to lease through Uber at such an exorbitant payment rate?

If you want the rational, non-emotive reason. Here's essentially it.

My xchange lease has 72000 miles on it. It has had 0 mechanical failures (no down time related to repairs/maintenance therein). It also gets 50MPG and the insurance is pretty damn cheap. I have had 0 out of pocket maintenance expenses except for tires and casualty losses. The regen system means that my brakes are still original and have 80% + life left (Per most recent dealer inspection). Because of the fuel econ, I also spend more time on road and less time filling up.

I get to use the full .54/mile deduction per IRS even though a big part of the formula is depreciation which I don't pay for.

Uber absorbs the gap liability so if the car is a write off I just need to forward the insurance check and I owe them nothing.

I get to think of the car as a pure business expense without personal attachment.

My costs are very predictable and consistent. It's (was) a new Toyota with one owner for a model that's been around for a few years. It's been rock solid.

Yes I could make more not having it. I could also have a less reliable car. I could be spending more in maintenance and repairs and getting less fuel economy.

Right now with my IT stuff a failed car could mean thousands in current and future lost revenue. When I make commitments I NEED to be able to to deliver on time. I have my pickup, Honda Accord and motorcycle in worst case scenarios, but that doesn't mean anything if I'm stuck on the road halfway between SD and LA and I have an appointment within the next hour.

I have business reasons why the xchange works for me.

I also happen to have a reservation on a Tesla Model 3. So I have future plans to ditch the Xchange lease depending on if Tesla can make its first deadline on time ever.

You guys are stuck on costs without considering value.

My credit's in the 800s and I have limits more than 3x my annual income (and I don't pay interest). I could buy a car on a single credit card and pay less interest than most. Everyone thinks they're englightening me by telling me xchange is a bad shake.

I've made full time income from TNC with IT thrown in (now more IT than TNC) since October of 2015.

The pros and cons of xchange are not news to me. if it doesn't make sense to you don't do it. It doesn't bother me. However, it clearly bothers you xchange truthers that it works for me.

 

[DriverX]

If it was such a great deal why are you complaining? Oh right you didn't anticipate the level of BS you'd have to put up with from this company who decides when where and how to change the rules at any given moment. As soon as you figure out how to make a buck they take it. Face it, the lease truthers were right LOL. Besides, half of the positives from your deal are the car which you could have gotten without a $700 a month lease. The smart driver with such easily available credit would have just bought a used Prius, uber the S out it and traded it on another vehicle after a couple years. You'll be giving that thing up by years end, unless your IT gigs dry up. GL

 

[Lyft-only Driver]

Yes I could make more not having it. I could also have a less reliable car. I could be spending more in maintenance and repairs and getting less fuel economy.

Yes, you are correct in saying you could make a lot more by owning rather than leasing at such an exorbitant rate. You've just conceded the entire argument right there.

But specifically, your point that you "could be getting less fuel economy" is not relevant, because you could buy a Prius and get the same MPG. And your point that you could "have a less reliable car" is also not relevant, because, as I said, you could buy a Prius, and they are exceptionally reliable cars.

There's nothing wrong with admitting you've made a mistake.

 

[Null]

Yes, you are correct in saying you could make a lot more by owning rather than leasing at such an exorbitant rate. You've just conceded the entire argument right there.

But specifically, your point that you "could be getting less fuel economy" is not relevant, because you could buy a Prius and get the same MPG. And your point that you could "have a less reliable car" is also not relevant, because, as I said, you could buy a Prius, and they are exceptionally reliable cars.

There's nothing wrong with admitting you've made a mistake.

Cars deteriorate more to age than mileage. A 2006 Prius is not comparable to a 2016 Prius and your maintenance and repair costs are not going to be comparable between the two.

The C is 50mpg. Older mid size Prius are 40.

You do you though man. Seriously it doesn't bother me. My profitability is not your problem. I haven't drove much since NYE so I'm not even grinding your surge away.

 

[Lyft-only Driver]

Cars deteriorate more to age than mileage. A 2006 Prius is not comparable to a 2016 Prius and your maintenance and repair costs are not going to be comparable between the two.

The C is 50mpg. Older mid size Prius are 40.

I never suggested you get a 2006 Prius. You can get a newer one for $280/month--a fraction of what you're paying each month for your Uber-leased Prius. So out the window goes your argument about repair costs. Also, you can buy a C, if you want. As you said, you've got an 800+ credit score. (And for record, I have an older mid-sized Prius and it gets 47 MPG. It is the large-sized Prius V that gets 40 MPG.)

You're free to do what you want. I'm just pointing out the holes in your arguments.

 

[San Diego Steve]

That's the lowest amount I've heard off, if I was in that situation i wouldn't still take any poos, idc about turning 2nd request off or not, poo will always screw u unless it's over 2X

Actually,
Pool is giving deep discounts on rides over 10 miles, 30% less than x rate. So, I've had a lot of long trips on pool. The key is to go offline and not accept second request. If the pool is short ride, then stay online to make extra revenue.

 

[San Diego Steve]

Have a story from Friday night. I did the one ride for Lyft guarantees and then drove uber from 1-3am. This is my 2nd time driving bars closing in PB. (I couldn't fall asleep and I was curious how bad it would be) so I am parked right next to thrusters at about 1:30am. I get a pool and I accept it for some reason... she is right there, and hops in my car. She is getting out of work and very nice and not drunk. Then I get a pickup at backyard and I tell her I have to get this guy (nice college student at usd and just a little buzzed but not drunk). So I begin driving to bay park and then usd area and get a third buzz so I reluctantly accept it and have to turn around and drive back 4 blocks to alehouse. (I pretty much just want to teach these people how stupid pool is).

Anyways, the third guy hops in my car and I go, "how ya doing, buddy!?!?!?" And he just gives me a grunt. The rest of us in the car start getting tense. As we're driving he sticks his face out the window and spits which was gross. Then a couple blocks later I'm at a red light and I hear him burp. The kid from usd goes, "you gotta pull over." The girl in the front seat gives him my empty big gulp cup, I run a red light and take a left turn. I get out of the car and open it and he throws up in the cup and then it spills all over his shirt. He gets out and tries to hand me the cup. Ha. I pass on accepting the cup. I tell him to get it all out over in the grass but he throws up right next to my car. He goes, "go without me, I'll be fine." He left no throw up in my car and I wiped down the seat anyways. I take the other two home and then come back to my place and go to bed. I get an email in the morning from uber and they tell one of the riders complained and wanted their $2 back. They took the $2 from me like it was my fault. I wrote to uber the story and said that I don't even care about the money but it is pretty messed up that you are taking money away from me and that I will never accept a pool ever again. Take me off, please. They write back some b.s. about how I can't be taken off pool and I should continue accepting them. It just blows my mind someone cares about a $2 ride that much that they would complain. Cheap as shit. Uber ended up giving me $4 and change. Moral of the story: never accept pool. That was the 2nd time I've ever done it.

Go offline after the first pickup and you would have avoided this nightmare. It doesn't pay to pickup more customers at a reduced gross profit. Never pickup at standard rate after midnight, 1.5 minimum surge rate to have it make sense. Call everyone first to validate their demeanor before you pick them up.

 

[Null]

I never suggested you get a 2006 Prius. You can get a newer one for $280/month--a fraction of what you're paying each month for your Uber-leased Prius. So out the window goes your argument about repair costs. Also, you can buy a C, if you want. As you said, you've got an 800+ credit score. (And for record, I have an older mid-sized Prius and it gets 47 MPG. It is the large-sized Prius V that gets 40 MPG.)

You're free to do what you want. I'm just pointing out the holes in your arguments.

Then you're also eating depreciation but depreciation isn't realized until the car is a write off or the asset goes to be sold.

Calculate the depreciation on a newish used Prius, over the 72k miles and figure it's residual value 1 year in the future. You still have a note to pay for the full amount, so if you're upside down on the car, selling the asset means you'll be doing it at a loss. The only alternative is to keep it until its effective life is exhausted, but then you're potentially making a 4-6 year commitment. You're then also at a huge GAP liability risk, unless you purchase a waiver/insurance but then your basis is increased.

You're trying to tell me that xchange doesn't work, when I've done it since 2015 and done just fine. I'm profitable enough that I don't care about the premium for operating a newer car where someone else absorbs 100% of depreciation and GAP liability while paying for rudimentary maintenance who affords me the ability to ditch the car at any time and be completely without further obligation.

 

[San Diego Steve]

Then you're also eating depreciation but depreciation isn't realized until the car is a write off or the asset goes to be sold.

Calculate the depreciation on a newish used Prius, over the 72k miles and figure it's residual value 1 year in the future. You still have a note to pay for the full amount, so if you're upside down on the car, selling the asset means you'll be doing it at a loss. The only alternative is to keep it until its effective life is exhausted, but then you're potentially making a 4-6 year commitment. You're then also at a huge GAP liability risk, unless you purchase a waiver/insurance but then your basis is increased.

You're trying to tell me that xchange doesn't work, when I've done it since 2015 and done just fine. I'm profitable enough that I don't care about the premium for operating a newer car where someone else absorbs 100% of depreciation and GAP liability while paying for rudimentary maintenance who affords me the ability to ditch the car at any time and be completely without further obligation.

I'll chime in on this debate with my car cost analysis which is relevant to the discussion. My Nissan is around $240 month to lease with no money down. After 36 months, I have to buy it for $13k plus tax, 14 k net residual value. After excessive miles over 15k year standard depreciation will devalue it down to 5k value, 9k in excessive depreciation. So, I will owe 9k to Nissan if I sell it back to them and buy or lease a new car or turn it in. 9k/36 months equals 250 per month additional monthly payment. Total payment is around $500 per month. For the first 45k miles, no excessive depreciation is realized, its within my lease terms, no mileage hit at 15 cents per mile penalty over 45k. After that, then they hit me with 15 cents per mile penalty. So your deal is good at anything in this ballpark figures. Most uber leases are around $800 per month, way to high. I believe you got a much better deal at under $600 per month. I drive 3k miles per month, your much higher so your deal is good. As long as your driving over 3k miles per month, your saving money over standard lease or purchase. Plus I have a gas engine car, your a hybrid, saving another $150 in gas per month. Looks like you win the debate on your numbers making sense.

 

[Null]

I'll chime in on this debate with my car cost analysis which is relevant to the discussion. My Nissan is around $240 month to lease with no money down. After 36 months, I have to buy it for $13k plus tax, 14 k net residual value. After excessive miles over 15k year standard depreciation will devalue it down to 5k value, 9k in excessive depreciation. So, I will owe 9k to Nissan if I sell it back to them and buy or lease a new car or turn it in. 9k/36 months equals 250 per month additional monthly payment. Total payment is around $500 per month. For the first 45k miles, no excessive depreciation is realized, its within my lease terms, no mileage hit at 15 cents per mile penalty over 45k. After that, then they hit me with 15 cents per mile penalty. So your deal is good at anything in this ballpark figures. Most uber leases are around $800 per month, way to high. I believe you got a much better deal at under $600 per month. I drive 3k miles per month, your much higher so your deal is good. As long as your driving over 3k miles per month, your saving money over standard lease or purchase. Plus I have a gas engine car, your a hybrid, saving another $150 in gas per month. Looks like you win the debate on your numbers making sense.

Finally someone that did their own math instead of sticker shocking and immediately assuming that since Uber did it MUST be a complete rip.

FWIW, Uber pays $100 every time I take it in for service (tire rotation/synthetic oil change). I think this is, in part, why my xchange is cheaper than others. Toyota requires 10k oil changes, but my contract requires 5k changes and xchange is contractually obligated to pay for it. So, they're basically maintaining it twice as often as is necessary. This was a huge problem when I first got it as Toyota refused to do the work. I had to have xchange basically bear down on the dealership and tell them to deliver.

I think most xchange leasees probably fall into the poor/limited credit range so the biggest reason my rate is better.

 

[Bill Feit]

I made $30/hr via DoorDash this weekend! Great tips as people appreciated an idiot like me out in the rain for them! And I only drove 64 miles in two days and worked 6 hours.

 

[Xlady]

Xchange has now has prius at 115 a week for used 2015 cars . 2013 can be even cheaper at 98 a week for a prius .The best thing about the lease is you can give it back and walk away .My friend is just got a Mercedes paying less than 600 a month .She bought to drive uber select .I told her it was a bad idea but its still smarter than paying 600 and only being able to do poo and X rides.

 

[Tidballa]

People who do select: do you actually give any rides? Who would pay that much more just for a better car to sit in?

 

[NCRBILL]

People who do select: do you actually give any rides? Who would pay that much more just for a better car to sit in?

You would be surprised