Let me break it down for people planning on doing uber with a new car, or buying a car to do uber since there are soo many brand new cars on the road with uber stickers. On a 20k car, you pay about 350 / month, if you need insurance with a semi good driving record, $200/month, and if you're putting gas every other day, avg about 40$ x 15 days of the month, comes out to $600. All that is 1150$ just to operate your business.
Now, if you averaging $800/ week in 40 hours, that comes out to 3200$ / month, minus the 1150$ cost to running your business. That now becomes 2050$ / 4 weeks, comes out to 512.50$ a week, divided by 40 hours comes out to a total of ... $12.81/ Hour. You decided if driving 40 hours a week, dealing with traffic, annoying pax, and cheap uber pool pax is worth 12.81$/ hour.
I easily spend $350 a month on eucalyptus infused foot massage oils. but I wouldn't change that for the world. Their smile is all the thank you I need. This is why Pool is my favorite. up to 8 feet per ride. Glad I can provide a great service.
Let me break it down for people planning on doing uber with a new car, or buying a car to do uber since there are soo many brand new cars on the road with uber stickers. On a 20k car, you pay about 350 / month, if you need insurance with a semi good driving record, $200/month, and if you're putting gas every other day, avg about 40$ x 15 days of the month, comes out to $600. All that is 1150$ just to operate your business.
Now, if you averaging $800/ week in 40 hours, that comes out to 3200$ / month, minus the 1150$ cost to running your business. That now becomes 2050$ / 4 weeks, comes out to 512.50$ a week, divided by 40 hours comes out to a total of ... $12.81/ Hour. You decided if driving 40 hours a week, dealing with traffic, annoying pax, and cheap uber pool pax is worth 12.81$/ hour.
I earn $4.88 an hour with everything (i.e. gas, depreciation, mint, water, etc)
Now, if i sleep in my car, eat ramen noodles, minus the mint and water bottles, play the surge game and complete my quest, then ill be making 25 to 30 bucks an hour.
Let me break it down for people planning on doing uber with a new car, or buying a car to do uber since there are soo many brand new cars on the road with uber stickers. On a 20k car, you pay about 350 / month, if you need insurance with a semi good driving record, $200/month, and if you're putting gas every other day, avg about 40$ x 15 days of the month, comes out to $600. All that is 1150$ just to operate your business.
Now, if you averaging $800/ week in 40 hours, that comes out to 3200$ / month, minus the 1150$ cost to running your business. That now becomes 2050$ / 4 weeks, comes out to 512.50$ a week, divided by 40 hours comes out to a total of ... $12.81/ Hour. You decided if driving 40 hours a week, dealing with traffic, annoying pax, and cheap uber pool pax is worth 12.81$/ hour.
Why expect it to pay more? You get flexibility over other jobs which MANY value and the skill hurdle is basically a drivers license. Wrok at McD's and have a boss on your ass and a clock to check...or make less and enjoy the flex.
i agree, no boss, no one breathing down your neck, you work when you want, my thing is, that people who plan on getting a car to do it full time should break down expenses to get a complete outlook on what they will gross every month down to per hour, that's all.
me too, i throw oatmeal on my seats and say the drunk pax i had last night yacked all over, and of course if they were too drunk but didnt puke, im sure they woulnt remember LMFAO
That's your revenue, even if you add the gas back into the formula and deduct standard mileage for paid and dead miles they are not making minimum wage.
Very true, oh and also the 10% you should really be putting away for taxes every paycheck so you're not hit with a big " you owe uncle sam BS" during tax season
Let me break it down for people planning on doing uber with a new car, or buying a car to do uber since there are soo many brand new cars on the road with uber stickers. On a 20k car, you pay about 350 / month, if you need insurance with a semi good driving record, $200/month, and if you're putting gas every other day, avg about 40$ x 15 days of the month, comes out to $600. All that is 1150$ just to operate your business.
Now, if you averaging $800/ week in 40 hours, that comes out to 3200$ / month, minus the 1150$ cost to running your business. That now becomes 2050$ / 4 weeks, comes out to 512.50$ a week, divided by 40 hours comes out to a total of ... $12.81/ Hour. You decided if driving 40 hours a week, dealing with traffic, annoying pax, and cheap uber pool pax is worth 12.81$/ hour.
That's your revenue, even if you add the gas back into the formula and deduct standard mileage for paid and dead miles they are not making minimum wage.
Also 2000 miles a week is 100,000 miles a year, that voids your powertrain and most other warranties. plus if you have a warranty that says you have to change your oil at their shop you will be there every other week..
You car won't last long at 2000 miles a week. 100K a year in CITY driving miles, the worst ones for gas mileage and wear and tear on a car.
Let me break it down for people planning on doing uber with a new car, or buying a car to do uber since there are soo many brand new cars on the road with uber stickers. On a 20k car, you pay about 350 / month, if you need insurance with a semi good driving record, $200/month, and if you're putting gas every other day, avg about 40$ x 15 days of the month, comes out to $600. All that is 1150$ just to operate your business.
Now, if you averaging $800/ week in 40 hours, that comes out to 3200$ / month, minus the 1150$ cost to running your business. That now becomes 2050$ / 4 weeks, comes out to 512.50$ a week, divided by 40 hours comes out to a total of ... $12.81/ Hour. You decided if driving 40 hours a week, dealing with traffic, annoying pax, and cheap uber pool pax is worth 12.81$/ hour.
IMO - The biggest challenge is see here is your doing your math based on a 40 hour week. If Uber is full time gig for you, you will never get ahead if only working a 40 hour week. If you want to feel any measure of success, you have really have to put a lot of time in. 60-70 hours minimum. Use your same $20 number and figure 70 hours a week, you be will much more excited about the numbers. 70 hours is a lot, make no doubt. But thinking you can uber at any rate, $20, $30, will always be peanuts when calculated at 40 hours. If you want easy money my friend,Uber is not it, I assure you of that.
1 of 2 things. 1) the car gets fixed, or 2) if the person is barly treding water, the car sits there broken until it gets collected by the repo-truck in about 60 days.
Why expect it to pay more? You get flexibility over other jobs which MANY value and the skill hurdle is basically a drivers license. Wrok at McD's and have a boss on your ass and a clock to check...or make less and enjoy the flex.
I respect your honesty here, but my question would be, using your own answer, what exactly is the benefit of wrecking a car for not much money because you enjoy the flex? I don't understand the end-game in that scenario.
Let me break it down for people planning on doing uber with a new car, or buying a car to do uber since there are soo many brand new cars on the road with uber stickers. On a 20k car, you pay about 350 / month, if you need insurance with a semi good driving record, $200/month, and if you're putting gas every other day, avg about 40$ x 15 days of the month, comes out to $600. All that is 1150$ just to operate your business.
Now, if you averaging $800/ week in 40 hours, that comes out to 3200$ / month, minus the 1150$ cost to running your business. That now becomes 2050$ / 4 weeks, comes out to 512.50$ a week, divided by 40 hours comes out to a total of ... $12.81/ Hour. You decided if driving 40 hours a week, dealing with traffic, annoying pax, and cheap uber pool pax is worth 12.81$/ hour.
They don't care. They'll keep driving and driving and driving.
They never do math, all they know is how much they're getting paid, they only know what's coming in ...not what's coming out of the bank account. I been saying this stuff on this forum since 2014, none listen.
And no this is not my same account, I had to make a new one for reasons I will not disclose hehehe
I used to average $900 in a slow week and $1200-1500 in spring and summer months in a UberX vehicle driving 5 and a half days a week.
Obviously, those days are long gone. It's still do-able to do $100 in 3 hours or 2 hours on some random days of the week but it takes luck and good timing. And after that you better go home because if you stick around you're hourly wage will drop if you keep picking up fools on regular UberX non surge rides
Let me break it down for people planning on doing uber with a new car, or buying a car to do uber since there are soo many brand new cars on the road with uber stickers. On a 20k car, you pay about 350 / month, if you need insurance with a semi good driving record, $200/month, and if you're putting gas every other day, avg about 40$ x 15 days of the month, comes out to $600. All that is 1150$ just to operate your business.
Now, if you averaging $800/ week in 40 hours, that comes out to 3200$ / month, minus the 1150$ cost to running your business. That now becomes 2050$ / 4 weeks, comes out to 512.50$ a week, divided by 40 hours comes out to a total of ... $12.81/ Hour. You decided if driving 40 hours a week, dealing with traffic, annoying pax, and cheap uber pool pax is worth 12.81$/ hour.
Or they can buy an inexpensive well maintained used car about 5 - 6 years old with low miles and good bones. Do all of the basic maintenance yourself. Try to get it for under $8K and pay cash if possible or pay half down and finance the rest. Most cars will do at least 200K if you take care of them.
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