Re:Can Uber ever make money?
by cyphar on Friday April 26, 2019 @10:43PM
(#19763434)
> Very few I speak to are doing it full time to make money.
Interesting. Anecdotally, in Sydney it seems almost all Uber drivers I meet are doing it full-time now. A few years ago, it was just a side-gig for most but I think the demographics have shifted quite a lot.
> They don't need to break even, they needed the car anyway, it would depreciate roughly the same amount anyway.
Not if you're driving it 10x more than you normally would. Mileage affects the resale value and increases the likelihood of additional maintenance work (especially if you're doing city driving which is substantially more stressful on cars).
Interesting. Anecdotally, in Sydney it seems almost all Uber drivers I meet are doing it full-time now. A few years ago, it was just a side-gig for most but I think the demographics have shifted quite a lot.
> They don't need to break even, they needed the car anyway, it would depreciate roughly the same amount anyway.
Not if you're driving it 10x more than you normally would. Mileage affects the resale value and increases the likelihood of additional maintenance work (especially if you're doing city driving which is substantially more stressful on cars).