Slash Boxes

SoylentNews is people

Submission Preview

Link to Story

Insight into the Uber driver concept of finance

Accepted submission by JoeMerchant at 2019-10-09 17:50:27 from the Money for nothing, chicks for free dept.

I'm a driver for Uber and Lyft — here's exactly how much I make in one week on the job

The final tally was about $257 for less than 14 hours of work — or about $19 an hour.

Read on [] for a detailed breakdown of how much I made driving for Uber and Lyft, including some of the most unusual passengers and some mishaps I had along the way....

I put 291.1 miles on my Prius, using about 5.75 gallons of gas, which is about $13.22 in gas expenses for my area...

I had to then find who was open on a Sunday to replace the flat tire. While I was on the phone calling places, I figured I might as well get four new tires altogether, and an oil change too, since my car was almost due for those. Safety first... It was $430.22 to fix my car.

One estimate of the Prius TCO [] for 5 years / 75,000 miles is $34,067 - or $0.454 per mile, beating the IRS mileage rate of $0.58. And, this guy doesn't come off as one who does his own work or otherwise keeps that TCO down...

Interesting that he even neglected his gas money in his hourly "income" quotation, factoring in $0.50/mile TCO instead his net income is around $112 for a self (likely under) estimated 14 hours of work (isn't calling around town on a Sunday to get your car fixed also work?), or: $8 per hour. I suppose it's good for the self-esteem, if you don't think of yourself putting your life at risk for less than minimum wage.

Anyone here eager to get out an live that gig economy lifestyle?

Original Submission