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The frightening cost of a used car must be deterring drivers thinking of rideshare

Exactly that鈥檚 why many new drivers are buying new cars to do Uber with. Because if they do 100,000 miles at 60 cents per that鈥檚 $60,000 and they can easily pay off the car #uberdrivermath 馃お
 

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"If your signs up and drives in a different city" 馃槀馃槀馃槀

Anyways, so what does that mean? Does it mean if you do at least 150 rides in four weeks, they'll make the car payments for you?
The grammar is like that of a third grade student rather than that of a writer hired by a billion dollar company.
 

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The grammar is like that of a third grade student rather than that of a writer hired by a billion dollar company.
With all the downsizing Rohit's also in charge of promotions now. 馃し鈥嶁檪锔忦煠︹嶁檪锔
 

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They copy and paste everything from all over the place and no one proofs anything.
No time for proof read 鈥 it needs to be launch immediately before Lyft came out with similar offer 鈥.

Pretty smart to pay $450 every 4 weeks 鈥 by doing so, they kind of lock down drivers month to month
 

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If the used car market dries out (looking likely) it will decimate the lowest paying markets.

$80-90 a week could easily be 25% if a drivers earnings if they only work a few hours a week in Orlando.
 

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There is always opportunity in every calamity 鈥 used auto parts are selling at a premium 鈥 enough to make me sad to see them go 鈥 I wonder if I will regret selling now just to find out I could have sold it higher in a few months ?!
LKQ just raised prices and added a mandatory 30% 鈥渨arranty 鈥 surcharge鈥 they may be seeing the writing on the wall.
 

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I think the market has peaked for used car values, I'm back to seeing full lots for used car dealers. I think prices have gotten so high that demand has slacked off.

Second: 90% accept and less than 3% cancel?? Lets assume it's 150 rides a month. At best you would be breaking even on the $450 if you accepted all the crap rides you would have to to maintain those numbers.
 

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To get the same model and mileage of the car I bought last year is now 10K more expensive! There's no way in hell anyone could pay that off at Uber's sh*t rates. With expensive gas too, Dara's expectation that the streets be flooded with ants once again could be in serious jeopardy.

I sold my previous two cars at high price. Alfa Romeo, Nissan Altima I got for high value. The alfa for $29k while the Alfa dealership knew I brought it in to service for ****** and engine issues. Now I'm on a luxury Ford Escape and I'm loving it. I got the Escape for $22k and it's good deal for all the luxury features it has.
 

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The wild card is what are coming new vehicles going to MSRP for ?? And will the dealers hold or even mark up since they have little inventory??
The used market will be pegged to the scarce new car market.
Think hazard pay high cost of materials etc.
All that is great disruption!!
 

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Discussion Starter · #33 ·
Here's an article from the LA Times on how the pandemic is stressing the car rental industry:

On a trip to visit Disneyland with his children, John Jimenez of San Jose reserved a compact car from Dollar Rent a Car at Los Angeles International Airport. What he got when he landed was a headache.

Due to a vehicle shortage, the car rental agency offered him a van that he said reeked of cigarettes and marijuana instead of a compact car. Jimenez refused the malodorous van, and after a more than two-hour wait he settled for another van with more than 60,000 miles, visible body damage and a 鈥渕usty odor鈥 that seemed to come from the air conditioning system.

鈥淭he area where the compact cars were was empty,鈥 he said, adding that he has demanded a full refund.

A global microchip shortage that has cut production of new cars continues to deal a heavy blow to car rental companies, but most of the pain is being felt by travelers such as Jimenez who find themselves waiting in long lines, paying nearly double the rates of earlier this year, getting denied the vehicle they reserved or ending up driving away in a car with lots of extra wear and tear.

The bad news is that the car shortage 鈥 and the headaches for car renters 鈥 won鈥檛 ease until 2022 or later, according to car rental industry experts.

鈥淭he supply of new vehicles remains very tight,鈥 said Gregory Scott, a spokesperson for the American Car Rental Assn.

Because of the shortage, car rental companies are keeping their cars longer before selling them and replacing them with new vehicles. In the past, rental firms sold their cars when they reached 25,000 to 50,000 miles, but they are now keeping them until they reach nearly 90,000 miles, Scott and other industry experts said. Rental companies are also trying to restock their aging fleet by buying back cars that had been previously sold off at auction to used-car dealerships.

Challenges filling open jobs have exacerbated the situation, making it difficult for rental companies to staff the rental counters and hire workers to move cars from low-demand locations to high-demand outlets, industry insiders say.

As a result, car rental prices jumped to an average high of $120 a day this summer, compared with about $45 at the beginning of the year, according to a study by the travel booking site Hopper.com. Prices have since dropped to about $80 a day and continue to trend downward as demand declines with the end of the summer travel season, the study found.

But prices are expected to climb again as travel picks up during the upcoming holiday season, said Steve Sintra, vice president and general manager of North America at the travel website Kayak.com.

鈥淭he increase in demand around rental cars is something we鈥檝e been seeing all summer, and Kayak鈥檚 data is showing that demand isn鈥檛 going to slow any time soon, especially as we enter the holiday season,鈥 he said.

The problems for the car rental industry began when the pandemic forced the closure of factories around the world, interrupting the production of microchips needed for electronic devices, laptops and cars. The pandemic also closed down ports in Asia, which disrupted the microchip supply chain. Automobile manufacturers canceled chip orders, assuming demand for new cars would dry up during the pandemic.

But once demand for vehicles and electronic devices for homebound workers bounced back, chip manufacturers struggled to keep up with the new orders. Japanese carmaker Nissan said it is planning to make 500,000 fewer vehicles in 2021 because of the chip shortage. Other auto manufacturers, such as General Motors, have been making vehicles and storing them by the thousands in giant parking lots, waiting for the microchips they need to operate.

Because of the shortage, the U.S. car rental industry was able to purchase only about 800,000 new cars in 2020 to restock its aging fleet, less than half of what the industry bought in 2019, Scott said.

Microchip manufacturers say it may be a year or two before supplies can start to meet the growing demand. That means the shortage of cars won鈥檛 ease until 2022 or later, industry experts say.

鈥淚t continues to be a lot of uncertainty,鈥 Will Withington, senior vice president at Enterprise Holdings Inc., said at a recent rental car industry convention in Las Vegas.

In a statement, Enterprise said the company is able to meet current customer demand by extending the 鈥渘ormal cycle of our fleet鈥 with rigorous safety and maintenance standards.

Industry rival Hertz Corp. said it is 鈥渨orking closely with our automotive partners to add new vehicles to our fleet as quickly as possible, purchasing low-mileage, pre-owned vehicles, and moving vehicles to the areas with highest demand.鈥

Such assurances are little comfort for Kimmy Katz of Titusville, Fla., who described her recent car-renting experience as 鈥渧ery frustrating.鈥

She rented a Nissan SUV for a two-week business trip in Florida from Dollar Rent a Car. But one of the tires had a slow leak that required her to fill it every two days, Katz said. When the tire finally went flat, she said, the car rental agency denied her request for a new car or a new tire.

I 鈥渁m thanking whatever god or science is out there that I did not break down on I-75 or I-10 where there is no cell service,鈥 she said.

Asked to respond to the problems cited by Jimenez and Katz, Hertz, the parent company of Dollar, said the company 鈥渨ould need to look into those specific situations to be able to comment further.鈥

When customers raise a concern, we look into it and try to make it right,鈥 Hertz said.

Industry experts say travelers who want to avoid such headaches should book cars as early as possible and try to choose car rental outlets in small or midsize airports where demand is lower.

鈥淚鈥檝e never seen anything like this,鈥 said Eben Peck, executive vice president for advocacy at the American Society of Travel Advisors. 鈥淐OVID has put so many stresses on the system, and this is just one of them.鈥
 

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To get the same model and mileage of the car I bought last year is now 10K more expensive! There's no way in hell anyone could pay that off at Uber's sh*t rates. With expensive gas too, Dara's expectation that the streets be flooded with ants once again could be in serious jeopardy.

FLOOD DAMAGED CARS ARE COMING.

THEY CAN WIND UP ANYWHERE !

Font Pattern Monochrome Number Art
 

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I sold my previous two cars at high price. Alfa Romeo, Nissan Altima I got for high value. The alfa for $29k while the Alfa dealership knew I brought it in to service for ** and engine issues. Now I'm on a luxury Ford Escape and I'm loving it. I got the Escape for $22k and it's good deal for all the luxury features it has.
I hope you didn't buy one with an Ecoboost engine. If you did, then you need to sell it before the powertrain warranty expires and start watching Scotty Kilmer.
 

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I hope you didn't buy one with an Ecoboost engine. If you did, then you need to sell it before the powertrain warranty expires and start watching Scotty Kilmer.
Lol the 1.5l ecoboost die quick? Well i read some bad reports about them but not all are like that. I paid it off using settlement money and I still got $6k left in cash in my account from settlement, money I'll be using some of that for my upcoming Santo Domingo and Tijuana tourism to have fun (wink).
 

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I'm gonna be honest..

I had uber cheats delivered for dinner tonight. The guy came in a total POS hoopty of a 20+ year old POS. But I really don't mind because it came well handled and I didn't have to ride in his POS.

The decent used cars are gone... they are already gone and soon enough anyone with a car in good enough to do uber with simply won't be willing or able to make the math work for what they pay in most markets.

Delivery might stick around because having all your bumpers ect seems to be only optional for delivery drivers these days..

But it won't be long until the lower tiers of passenger service just disappear as the used cars vanish.

Let's look at a 2006 used dodge caravan, it's eligible on uber right now In Orlando.

you're lookin at $3,000-6,000 for an over the hill barely eligible XL vehicle that's over 120,000 miles.

to get a USED 10 year old Uber mobile (toyota Sienna) you're currently looking at $10,000-15,000.

For a 3 year loan on a 10 year old used car loan you're looking at $276-414 a month. A MONTH...

And if you are doing this full time I doubt that even if you get a 36 month loan that your car will survive to the end of the loan, meaning you'll drive it into the ground and still have a year of loan payments to make at $276-414 for your 10 year old minivan that you have already driven into the ground.


And yes, to be clear 10-15,000 is for a 10 year old car in the 90-150,000 mile range..


I really doubt that buying a USED car to uber in is really worth it these days... I think we've hit the point where the cost of used cars is up so much that it doesn't make any sense anymore.
 

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I'm gonna be honest..

I had uber cheats delivered for dinner tonight. The guy came in a total POS hoopty of a 20+ year old POS. But I really don't mind because it came well handled and I didn't have to ride in his POS.

The decent used cars are gone... they are already gone and soon enough anyone with a car in good enough to do uber with simply won't be willing or able to make the math work for what they pay in most markets.

Delivery might stick around because having all your bumpers ect seems to be only optional for delivery drivers these days..

But it won't be long until the lower tiers of passenger service just disappear as the used cars vanish.

Let's look at a 2006 used dodge caravan, it's eligible on uber right now In Orlando.

you're lookin at $3,000-6,000 for an over the hill barely eligible XL vehicle that's over 120,000 miles.

to get a USED 10 year old Uber mobile (toyota Sienna) you're currently looking at $10,000-15,000.

For a 3 year loan on a 10 year old used car loan you're looking at $276-414 a month. A MONTH...

And if you are doing this full time I doubt that even if you get a 36 month loan that your car will survive to the end of the loan, meaning you'll drive it into the ground and still have a year of loan payments to make at $276-414 for your 10 year old minivan that you have already driven into the ground.


And yes, to be clear 10-15,000 is for a 10 year old car in the 90-150,000 mile range..


I really doubt that buying a USED car to uber in is really worth it these days... I think we've hit the point where the cost of used cars is up so much that it doesn't make any sense anymore.
Car Automotive parking light Tire Vehicle Wheel

It鈥檚 almost like you don鈥檛 know what your talking about鈥
 

Premium Member
Joined
429 Posts
I'm gonna be honest..

I had uber cheats delivered for dinner tonight. The guy came in a total POS hoopty of a 20+ year old POS. But I really don't mind because it came well handled and I didn't have to ride in his POS.

The decent used cars are gone... they are already gone and soon enough anyone with a car in good enough to do uber with simply won't be willing or able to make the math work for what they pay in most markets.

Delivery might stick around because having all your bumpers ect seems to be only optional for delivery drivers these days..

But it won't be long until the lower tiers of passenger service just disappear as the used cars vanish.

Let's look at a 2006 used dodge caravan, it's eligible on uber right now In Orlando.

you're lookin at $3,000-6,000 for an over the hill barely eligible XL vehicle that's over 120,000 miles.

to get a USED 10 year old Uber mobile (toyota Sienna) you're currently looking at $10,000-15,000.

For a 3 year loan on a 10 year old used car loan you're looking at $276-414 a month. A MONTH...

And if you are doing this full time I doubt that even if you get a 36 month loan that your car will survive to the end of the loan, meaning you'll drive it into the ground and still have a year of loan payments to make at $276-414 for your 10 year old minivan that you have already driven into the ground.


And yes, to be clear 10-15,000 is for a 10 year old car in the 90-150,000 mile range..


I really doubt that buying a USED car to uber in is really worth it these days... I think we've hit the point where the cost of used cars is up so much that it doesn't make any sense anymore.
My Neanderthal genetics helps me survive auto accidents in my DWI rich city, so far I had two settlements from them and one more on the way. I recently got $23k so used some of that to buy an suv with 22k miles and rest i. Enjoying a Tijuana vacation now. Usually the drunks do hit and run on me. Without these settlements I couldn't afford auto payments or buying car straight with cash. On the plus side my body is a shield against drunk drivers in my city for the innocent people. I always happen to get hit by
pickup trucks. So it's a sustainable thing for me now as these drunk guys hitting me and running and getting caught get me huge settlements. I do the steroid injections for the treatments so I end up getting higher than average settlements.
 

Premium Member
Joined
9,215 Posts
I'm gonna be honest..

I had uber cheats delivered for dinner tonight. The guy came in a total POS hoopty of a 20+ year old POS. But I really don't mind because it came well handled and I didn't have to ride in his POS.

The decent used cars are gone... they are already gone and soon enough anyone with a car in good enough to do uber with simply won't be willing or able to make the math work for what they pay in most markets.

Delivery might stick around because having all your bumpers ect seems to be only optional for delivery drivers these days..

But it won't be long until the lower tiers of passenger service just disappear as the used cars vanish.

Let's look at a 2006 used dodge caravan, it's eligible on uber right now In Orlando.

you're lookin at $3,000-6,000 for an over the hill barely eligible XL vehicle that's over 120,000 miles.

to get a USED 10 year old Uber mobile (toyota Sienna) you're currently looking at $10,000-15,000.

For a 3 year loan on a 10 year old used car loan you're looking at $276-414 a month. A MONTH...

And if you are doing this full time I doubt that even if you get a 36 month loan that your car will survive to the end of the loan, meaning you'll drive it into the ground and still have a year of loan payments to make at $276-414 for your 10 year old minivan that you have already driven into the ground.


And yes, to be clear 10-15,000 is for a 10 year old car in the 90-150,000 mile range..


I really doubt that buying a USED car to uber in is really worth it these days... I think we've hit the point where the cost of used cars is up so much that it doesn't make any sense anymore.
Good point. I just had a Dodge Grand Caravan totalled on me, 2009 with 165K , got a check for $5200. The best car I could find was a 2013 Honda Odyssey with 210K for 8K. Fortunately it came with brand new tires and brakes and runs great so I will hopefully get it to 300K and I've averaged a grand a weekend since I got it a month ago. It was right at the edge of what I was willing to spend, cheap around here is a 2015 with 160K miles for $15K., a large investment for this line of work.
 
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