Pros: great service for riders
Cons: poor driver support by email only - poor pay
Driving for Uber will not earn you the kind of money you’re being told and you will be lucky to earn a minimum wage.
My expenses driving a small SUV getting 20 miles to the gallon calculates to 25 cents a mile which covers depreciation, insurance, expected repairs, oil and gas. This estimate, I believe, is on the conservative side.
On Friday, I worked – more... 5 hours in an Uber “hot zone” where Uber says 50 percent of their business in my area comes from. The only time I left this area was to take a couple to the airport 25 miles away. Leaving the airport, I did not get another ping/fare until I had entered back into the “hot zone” again. In the five hours I picked up a total of 7 fares for a total pay of $68.08. When you subtract my expenses of 25 cents per mile, driving 159 miles for the day, my net income was $5.66 an hour. One of my fares I was pinged four miles from the pickup location, which took me thirteen minutes to get there. Three college students hopped in my car and wanted a ride two miles down the road, for a total of six miles. After deducting my expenses, this fare only netted me $1.70 for almost 20 minutes of work.
On Saturday, November 1st I worked three hours and fifty minutes back in the “hot zone”, only turning my ride application off for a five minute bathroom break and I picked up a total of 5 fares for a net income of 13.25. I now worked two days for a total of eight hours and forty five minutes and earned less than five dollars an hour.
And Uber wants me to serve my riders cold bottled water too?
Do your math folks, here is how to figure your expenses.
Total Cost of Your Auto – Salvage Value / Expected Miles Before Replacement = Auto Depreciation per Mile
Cost of Fuel Per Gallon / Miles Per Gallon Your Auto Gets = Fuel Cost Per Mile
Expected Repair, Oil and Maintenance Costs Life of Auto / Expected
Miles Before Auto Replacement = Cost Per Mile
Insurance = Cost Per Mile etc
Cleaning = Cost Per Mile
Also, what most folks don’t realize is, once you start using your auto for profit, your auto is then considered to be a commercial vehicle, so your personal insurance will not cover an accident and if you have a car warranty, it more than likely will be voided. Almost all personal car warranties don’t cover commercial use. From what I understand, Uber only covers an accident when you’re actually giving a passenger a ride, so you’re at risk every-time you’re going to pick up a passenger. – less