Harry here. The other day I wrote about Uber and Lyft’s recent price cuts and one of the points I really hammered home was how important the expenses side of the equation has become for drivers. It’s easy to figure out how much income we’re making every week, but knowing how much your car costs to own and operate is just as important.
Today, I’m sharing a guest post from Shift, a company that helps drivers buy and sell vehicles with out the hassle of doing it yourself. If you’re looking to buy, they’ll actually bring the test drive to you, and if you’re looking to sell, they’ll help you get your vehicle listed ASAP.
Like many retailers, Uber and Lyft often cut their prices in order to boost ridership. Although this is great for consumers, it in turn affects drivers in the form of lower income. These rate cuts should be a reminder of how important it is for drivers to keep costs low.
Need a car to drive with Uber? Try FAIRCA drivers: Fair is the official vehicle partner for Uber and is a great option for drivers in need of an eligible rideshare vehicle. Click here to sign-up! Not a California driver? Fair has options nationwide, and you can sign up here and get $100 off the start-up fee when you use the code 'RSG100'.
In the past, price cuts have caught drivers off guard, but now they seem to happen like clockwork every year. And since Uber and Lyft give little to no warning ahead of time, it can result in a lot of hand-wringing and heartbreak. [Read more…]