One of my biggest beefs with the income numbers that companies like Lyft and Uber provide is that they don’t subtract the true cost of operating your vehicle. I think a lot of drivers under-estimate these costs since they are delayed and let’s face it, we may just not want to think about it. Today, RSG contributor, Christian Perea takes a look at the operating costs of a few different vehicles and gives his take on which car works best for rideshare drivers. Hint, the answer depends on a lot of different factors.
After last year’s price cuts, it has become more important than ever to select the right car. Although it seems that the slew of price cutting has slowed down for most markets, I still don’t think we are safe and future iterations of price cuts may manifest themselves differently than in the past. So if you are thinking about getting into this as a driver, it’s important that you choose a car that will offer the best value for you and your passengers.
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Getting a BRAND NEW CAR is not always the best idea, and in many ways it can sink your career as a rideshare driver before you even leave the lot (and shortly after signing the note to your 24.99% Prius). You don’t want to literally drive yourself into bankruptcy right? [Read more…]