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Over the past 5 years, Uber and Lyft have seen explosive growth. One of the casualties of that growth is the taxi industry. However, is driving a taxi really that bad? We sent senior RSG contributor Jay Cradeur to find out, and here’s my interview with Jay about his experience as a taxi driver compared to a rideshare driver.
On Friday, Lyft passed Uber in the race to IPO and officially filed their S-1 with the SEC. Normally, legal documents like this can be pretty boring, but there was a ton of interesting information in this one, and I finally got a chance to dig in over the weekend. There’s still some marketing and PR fluff in the doc, but it also reveals all of the financials and more that we’ve been wondering about for years.
You can read the official document here or read on for a list of my top six takeaways.
Disclosure: this page contains affiliate links.
There aren’t a lot of requirements to become an Uber or Lyft driver, but one thing that holds a lot of people back is an eligible vehicle. In most cities, Uber requires a 2002 or newer 4 door sedan in order to drive on UberX while Lyft requires a 2004 or newer vehicle:
But for those without an eligible vehicle or even a vehicle at all, there are a whole host of options available: everything from buying and leasing programs to daily and hourly rentals. As Uber and Lyft have exploded in popularity, so have these vehicle start-ups, and many of them are specifically tailored to a rideshare driver’s needs.
They’re not even just limited to Uber and Lyft anymore. Some of the options below extend to cover package and food delivery companies like postmates, doordash, grubhub, amazon flex, instacart, and more. If you need a car lease/rental for an on demand or gig economy job, you’re in the right place.
👉Click here to sign up to drive for Uber and get your sign up bonus
One of the nice things about working for rideshare companies like Uber is that they typically offer a very good driver sign on guarantee. Uber sign-up guarantees/bonuses can fluctuate wildly by market and time of year, but it’s not unheard of for a brand new driver to be offered a $500 guarantee just to sign up and do 50 rides within 30 days (in addition to the pay you get for doing the rides). In the past, Uber’s new driver sign up bonus would be $500 but these days they offer a guarantee, which isn’t as lucrative but still not a bad deal.
If you’re ready to sign up with Uber and get your bonus, we’ve created the ultimate guide to answer all of your Uber sign on guarantee questions, plus how much drivers make with Uber, how to get started driving with Uber, Uber driver requirements and more.
First, you’ll need to know a few things about driving for Uber, including what the Uber driver requirements and Uber vehicle requirements are in 2019.
Sign up here using our link to drive with Uber!
Apply to be a new Uber driver and get your Uber driver bonus
Maximizing your deductions at tax time will save you a ton of money, but in order to do that, you’ll need the best mileage tracking app. We tried all of the top mileage tracking apps, and here are our favorites!
Don’t feel like reading the whole list? Our favorite free mileage tracking app is Stride.
For doing your taxes, we recommend Turbotax.
Best Mileage Trackers
