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Upfront pricing realization

4804 Views 74 Replies 24 Participants Last post by  painfreepc, 
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Upfront pricing came to help us realize that we don’t make any money. How can you make money if you do a trip of 84 minutes 31 mile and only getting paid $38.28. This is insane. Pricing should be based on traffic also. Come on Uber! w
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WI_Hedgehog said:
That is a good point, if you're not dead-heading back or only given ant-it offers, and if the time estimate is accurate given heading into rush-hours traffic (and not getting 1-starred for not hitting the time estimate).

Your expenses estimate might be low, CA gas is $6+/gallon, and X is burning maybe 2 gallons, so that plus maint. costs and vehicle depreciation is...would you say $38.28 -$12 -($0.30 x 32 miles) = $17 / 90 minutes = $11.25 to $13 hour, roughly? In CA that's not a lot of $$$, IMHO. Maybe I'm wrong?
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Thank you for doing the correct math on that ride
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painfreepc
WI_Hedgehog said:
That is a good point, if you're not dead-heading back or only given ant-it offers, and if the time estimate is accurate given heading into rush-hours traffic (and not getting 1-starred for not hitting the time estimate).

Your expenses estimate might be low, CA gas is $6+/gallon, and X is burning maybe 2 gallons, so that plus maint. costs and vehicle depreciation is...would you say $38.28 -$12 -($0.30 x 32 miles) = $17 / 90 minutes = $11.25 to $13 hour, roughly? In CA that's not a lot of $$$, IMHO. Maybe I'm wrong?
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Just want to make sure I'm reading this correctly, you remove the gas from the depreciation cost and you had depreciation listed as 30 cents per mile, so you're saying in a hundred thousand miles driven your depreciation will be $30,000
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RadarRider
WI_Hedgehog said:
This really exposes that for the most part, driver time is worth nothing to them, drivers are worth nothing. Drivers are like Chinese ants: completely replaceable. :cautious:

Uber/Lyft/Google/other are waiting for self-driving cars they can "make a killing off of." Wait until they have to do maintenance on vehicles they own...

"Rideshare is a hobby where most of your expenses are reimbursed." --Lyft driver
I firmly believe ^^this^^ applies to most (not all) drivers who are not using every hack/advantage/tip they can.
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Ding ding ding ding, winner winner chicken dinner!!! Wait until the maintenance... or maybe they will expect people to buy the electric cars for them... with false hopes of making money!

Wait until the wrongful death lawsuits come in... or deadly ULA's.
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painfreepc
WI_Hedgehog said:
Uber/Lyft/Google/other are waiting for self-driving cars they can "make a killing off of." Wait until they have to do maintenance on vehicles they own...
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If you think maintenance is going to be a big factor for them on electric cars, you trying to live in some alternate fantasy reality,

A car without a driver a car where the total passenger fare is going to be paid to the company, a car that never has to pull over and rest not even for a minute not to make a phone call not to even go to the bathroom, a continuous money maker and you think cost of maintenance is going to be an issue.
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painfreepc said:
If you think maintenance is going to be a big factor for them on electric cars, you trying to live in some alternate fantasy reality,

A car without a driver a car where the total passenger fare is going to be paid to the company, a car that never has to pull over and rest not even for a minute not to make a phone call not to even go to the bathroom, a continuous money maker and you think cost of maintenance is going to be an issue.
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The upfront cost to buy all those cars, coupled with the remaining need for humans to remote monitor them, clean them, plug them in to charge etc are very real costs. Then also factor in future repair costs that we already deal with. My EV can go about 7-8 hours on a charge, then I need to make a special trip either home, or to a public charger somewhere. So if you think one car is going to run continuously 24/7, then it's going to need to stop at least twice a day and drive to the nearest charging station where I'd assume Uber would have a human waiting there to clean the car. What happens when a passenger gets in and see a mess, and alerts Uber? Now the car stops and makes an unscheduled trip back to it's human to get cleaned. How much time does that waste?
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painfreepc
Atom guy said:
The upfront cost to buy all those cars, coupled with the remaining need for humans to remote monitor them, clean them, plug them in to charge etc are very real costs. Then also factor in future repair costs that we already deal with. My EV can go about 7-8 hours on a charge, then I need to make a special trip either home, or to a public charger somewhere. So if you think one car is going to run continuously 24/7, then it's going to need to stop at least twice a day and drive to the nearest charging station where I'd assume Uber would have a human waiting there to clean the car. What happens when a passenger gets in and see a mess, and alerts Uber? Now the car stops and makes an unscheduled trip back to it's human to get cleaned. How much time does that waste?
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On average how much money do you think one car without a human driver could generate per hour for the company, and remember the company is getting the full fare,

For fun let's say the car could only be in service 16 hours a day because as you say it needs to be cleaned and service and let's say the car could make for the company 80 bucks an hour and I think I'm even being conservative with that figure,

$80 per hour at 16 hours per day, 7 days a week
1 month is 4.33 x one week
= 484.96 hours x $80.00 = $38,796.80 per month

$60 per hour would = 29,097.60 per month
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painfreepc said:
If you think maintenance is going to be a big factor for them on electric cars, you trying to live in some alternate fantasy reality,

A car without a driver a car where the total passenger fare is going to be paid to the company, a car that never has to pull over and rest not even for a minute not to make a phone call not to even go to the bathroom, a continuous money maker and you think cost of maintenance is going to be an issue.
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A $100k piece of equipment out there running around unescorted ... you're right, maintenance will not be a problem.

The hooker using it for a quickie. The gangbanger using it as a dead drop for drugs - or a hiding place for the body. The psycho that trashes the inside. The road rage driver that shoots it full of holes.

You ever go trap & skeet shooting? It's fun as hell -- busting up clay pigeons.
When you want to make the 'bird' fly you say 'pull'.
In the neighborhood I grew up in, I know a few people who would see one of those heading down the street in the 'hood and it would be like trap shooting.

Now, I know someone is gonna say something like "And it will all be on tape and you'll get arrested."
And then I will say, "Right. I see security tapes all the time about people being assaulted and the dirt bag gets caught and ... what happens to him? How is that 'security footage' working out for us, eh? If the system can't help people, how much help is going to be offered to a machine?"

I can't wait for 'driverless cars'. Sounds like a hoot to me.
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Heisenburger
UberBastid said:
A $100k piece of equipment out there running around unescorted ... you're right, maintenance will not be a problem.

The hooker using it for a quickie. The gangbanger using it as a dead drop for drugs - or a hiding place for the body. The psycho that trashes the inside. The road rage driver that shoots it full of holes.

You ever go trap & skeet shooting? It's fun as hell -- busting up clay pigeons.
When you want to make the 'bird' fly you say 'pull'.
In the neighborhood I grew up in, I know a few people who would see one of those heading down the street in the 'hood and it would be like trap shooting.

Now, I know someone is gonna say something like "And it will all be on tape and you'll get arrested."
And then I will say, "Right. I see security tapes all the time about people being assaulted and the dirt bag gets caught and ... what happens to him? How is that 'security footage' working out for us, eh? If the system can't help people, how much help is going to be offered to a machine?"

I can't wait for 'driverless cars'. Sounds like a hoot to me.
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People have always been free and will continue being free to hang themselves and write their own ticket to a guilty verdict.
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painfreepc
UberBastid said:
A $100k piece of equipment out there running around unescorted ... you're right, maintenance will not be a problem.

The hooker using it for a quickie. The gangbanger using it as a dead drop for drugs - or a hiding place for the body. The psycho that trashes the inside. The road rage driver that shoots it full of holes.

You ever go trap & skeet shooting? It's fun as hell -- busting up clay pigeons.
When you want to make the 'bird' fly you say 'pull'.
In the neighborhood I grew up in, I know a few people who would see one of those heading down the street in the 'hood and it would be like trap shooting.

Now, I know someone is gonna say something like "And it will all be on tape and you'll get arrested."
And then I will say, "Right. I see security tapes all the time about people being assaulted and the dirt bag gets caught and ... what happens to him? How is that 'security footage' working out for us, eh? If the system can't help people, how much help is going to be offered to a machine?"

I can't wait for 'driverless cars'. Sounds like a hoot to me.
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You're comical, you should be an action comedy movie writer, half the stuff you saying can already be done now with human drivers in the car.
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painfreepc
Why does everyone keep saying and thinking that the rideshare company has to own the cars, when this technology is perfected, and people buy self-driving cars, what's stopping it from being pretty much the same as it is now, it's just that the owner no longer drives the car, ower just has an app on phone that allows car to be leased out hourly to the rideshare service.
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Heisenburger
painfreepc said:
what's stopping it from being pretty much the same as it is now, it's just that the owner no longer drives the car, ower just has an app on phone that allows car to be leased out hourly to the rideshare service.
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Better yet, a small fleet of them.
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painfreepc
Heisenburger said:
Better yet, a small fleet of them.
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It's like many don't wants to think outside the box, many has this narrow ideal how things will and should work, can you imagine when the founder of Lyft first proposed an ideal of rideshare, they must have thought he was insane, yes lyft was first not Uber.
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painfreepc said:
On average how much money do you think one car without a human driver could generate per hour for the company, and remember the company is getting the full fare,

For fun let's say the car could only be in service 16 hours a day because as you say it needs to be cleaned and service and let's say the car could make for the company 80 bucks an hour and I think I'm even being conservative with that figure,

$80 per hour at 16 hours per day, 7 days a week
1 month is 4.33 x one week
= 484.96 hours x $80.00 = $38,796.80 per month

$60 per hour would = 29,097.60 per month
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I guess every market has different economics. I made $820 last week in 37.5 hours, so if Uber takes 40%, that means my total fares was about $1360.

$1360 x 16 x 7 x 4.3 = $17,500. Wildly different than your numbers. Now subtract out all the costs.
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painfreepc
Atom guy said:
I guess every market has different economics. I made $820 last week in 37.5 hours, so if Uber takes 40%, that means my total fares was about $1360.

$1360 x 16 x 7 x 4.3 = $17,500. Wildly different than your numbers. Now subtract out all the costs.
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God where do I start there's so many problems with your calculations and assumptions, so you're going to add 40% to what you were paid okay so that's $1,360 divided by 37.5 hours that equals $36.26 per hour, you actually think a self-driving car that can continuously work is only going to earn in passenger pay fares $36.26 per hour

Here's another problem with your math, your 37.5 hours is that total online time or is that your active hours (book time)
If I only use my booked time active time I actually earned $40 to $60 per hour sometimes a little more and that's without adding your 40%.

You're lacking some critical thinking,
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painfreepc
Atom guy said:
I guess every market has different economics. I made $820 last week in 37.5 hours, so if Uber takes 40%, that means my total fares was about $1360.

$1360 x 16 x 7 x 4.3 = $17,500. Wildly different than your numbers. Now subtract out all the costs.
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To continue with my previous post let's use an example of one week of my Uber earnings keep in mind I don't work full time hours anymore and I work two apps so that's why there is a really big difference between my book time and total online time,

Fare paid to me $516.21 - 50.05 tip = $466.16 add 40% = $656.62
$656.62 \ 10.96 hours = $59.91 per booked hour.

Self-driving car using my booked hours as paid passenger fare
as example, 16 hours a day 7 days a week for one month,
One day 16*$59.91 = $958.56
One week 7*$958.56 = $6,702.92
One month 4.33*$6,702.92 = $29,023.64

Please keep in mind that I am not saying the car is going to be offline for 8 hours continuously every day, offline time is not going to be consecutive, I'm using that amount of time for the car that's going to need to be cleaned, maintained, inspected, and for charging time, that offline time of 8 hours a day 7 days a week equals 2 days and 8 hours offline per week, I doubt very serious through the car is going to need actually 2 days and 8 hours of offline time but I'm trying to be conservative with my figures,

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