[sv650john]

Hey all,

Hoping someone here can give me a definitive answer on this dilemma I'm facing since I haven't been able to find anything online.
I've been wanting to drive for Uber/Lyft on the weekends to make some extra $$, and my roommate who currently isn't working wants to drive as well.
So I was thinking, what if we could share the same car, I would drive weekends and he would drive weekdays.

Our current vehicles aren't 4-doors so I'd have to get us a car in order to make this happen.

This is what I've narrowed it down to - I could lease a car for us to drive on UberX, however it would be leased in my name only.
My understanding is that each driver has to have their name on the insurance AND registration which would be a problem if my name's the only one on the registration.
My roommate will not be able to co-sign and get his name on the registration either.

Short of figuring out a way to buy the car in my name and sub-leasing it to my roommate (not a likely scenario) I think this might be a dead-end, unless someone has any suggestions otherwise?


The alternative is perhaps signing up for Uber Black as I've read that you can have multiple drivers on the same car (is this correct?). That would mean I'd have to get a black car and livery plates (higher initial cost), but if that is true then maybe I can potentially add a 3rd or 4th driver to make up for it?


The other concern is whether it is foolish to even consider going into this as the entire venture revolves around Uber's policies/decisions.
Potential downsides I can see is what if I get the car and can't get signed up, or does Uber even allow for a car to be shared (I don't see why it wouldn't make sense to get more cars on the road, but it's Uber's platform, not mine). What if my roommate gets low ratings and gets kicked off, can I replace him with another driver? Etc, etc...


Sorry for the long post and I hope someone can give me some guidance on what to do in this situation!

Thanks,
John.

 

[Sydney Uber]

Hey all,

Hoping someone here can give me a definitive answer on this dilemma I'm facing since I haven't been able to find anything online.
I've been wanting to drive for Uber/Lyft on the weekends to make some extra $$, and my roommate who currently isn't working wants to drive as well.
So I was thinking, what if we could share the same car, I would drive weekends and he would drive weekdays.

Our current vehicles aren't 4-doors so I'd have to get us a car in order to make this happen.

This is what I've narrowed it down to - I could lease a car for us to drive on UberX, however it would be leased in my name only.
My understanding is that each driver has to have their name on the insurance AND registration which would be a problem if my name's the only one on the registration.
My roommate will not be able to co-sign and get his name on the registration either.

Short of figuring out a way to buy the car in my name and sub-leasing it to my roommate (not a likely scenario) I think this might be a dead-end, unless someone has any suggestions otherwise?

The alternative is perhaps signing up for Uber Black as I've read that you can have multiple drivers on the same car (is this correct?). That would mean I'd have to get a black car and livery plates (higher initial cost), but if that is true then maybe I can potentially add a 3rd or 4th driver to make up for it?

The other concern is whether it is foolish to even consider going into this as the entire venture revolves around Uber's policies/decisions.
Potential downsides I can see is what if I get the car and can't get signed up, or does Uber even allow for a car to be shared (I don't see why it wouldn't make sense to get more cars on the road, but it's Uber's platform, not mine). What if my roommate gets low ratings and gets kicked off, can I replace him with another driver? Etc, etc...

Sorry for the long post and I hope someone can give me some guidance on what to do in this situation!

Thanks,
John.

No definitive answer here I'm sorry. Looks like you've found plenty of reasons why not to do it. Put together a list of all the reasons why you want to drive and see if they outweigh the negatives

 

[sv650john]

Looks like you've found plenty of reasons why not to do it. Put together a list of all the reasons why you want to drive and see if they outweigh the negatives

Pros: Money.

Cons: It's hard to make money.

I think anytime there's a risk/reward scenario there will always be risk... nothing is 100% certain but it pays to do your due diligence beforehand. The worst case here is if it doesn't work out I can sell the car or end up keeping it for the full 36 month lease and chalk it up as a lesson learned.

PS what part of Sydney are you from? I grew up in Eastwood/Ryde. Been living in the states for the last 10+ years tho!

 

[Sydney Uber]

Pros: Money.

Cons: It's hard to make money.

I think anytime there's a risk/reward scenario there will always be risk... nothing is 100% certain but it pays to do your due diligence beforehand. The worst case here is if it doesn't work out I can sell the car or end up keeping it for the full 36 month lease and chalk it up as a lesson learned.

PS what part of Sydney are you from? I grew up in Eastwood/Ryde. Been living in the states for the last 10+ years tho!

You are kidding!!! I'm just up the hill in Carlingford!

 

[sv650john]

You are kidding!!! I'm just up the hill in Carlingford!

Small world mate! I haven't been back since I left in 2004... hoping someday soon I'll be able to make the trip home! I don't think it'll be the same however, from what I hear a lot has changed for the worse?

 

[Baron VonStudley]

I don't know my ass from a hole in the ground but is there a way to incorporate and have the business own the car and you both are employees?

 

[HisShadowX]

Uber has an option for you to partner with other partners and for you to use that partners vehicle for a price worked out between you and the customer.

 

[AMBUDRIVER03]

I don't know my ass from a hole in the ground but is there a way to incorporate and have the business own the car and you both are employees?

You can do UberX like that, but essentially you're doing what Uber black already does except with X cars...

Livery permit, commercial insurance. Etc

 

[Grace A.]

With Lyft both people do not need to be on the registration, both people just need to be on the insurance and the registration needs to be valid.

 

[Jeeves]

I think the risk comes from possible accident. What if you have $25k car that u owe $25k on, and deductible is $2500. Insurance gives you $20k for the car totalled. You're out $7500. Even if the one who crashed is responsible for the debt - do they have it? Now u are both out of being able to drive?