Re:Uber Posts First Quarterly Net Profit of $394M
by burnished on Tuesday August 01, 2023 @01:39PM
(#36959481)
My partner and I opted not to purchase a car for much the same reason, it just turned out that hiring a driver or renting a car would cost us less than the monthly costs of ownership.
Re:Uber Posts First Quarterly Net Profit of $394M
by genocidicbunny on Tuesday August 01, 2023 @08:48PM
(#36965449)
Thanks for responding!
> My wife’s car was $670/month
I assume you mean this was the payment on the loan for the car? Should this not be amortized out to the full lifetime of the car for this sort of calculation though?
> We spent at least an average of $1100+ for car notes, car insurance, gas and maintenance.
Per month?? That seems very high to me. Even if I double my monthly costs, I'm still well under that amount.
All that said, if you did the math and Uber is cheaper for you than owning a car then..not really much to argue with is there?
Re:Uber Posts First Quarterly Net Profit of $394M
by scarface_74 on Tuesday August 01, 2023 @09:42PM
(#36965905)
- $670 car note
- $150 car insurance
- $150 gas
That doesn’t include maintenance.
You also have to take into account our lifestyle really doesn’t allow us to own a car:
To and from the airport is usually the longest one.
But the comparison is how much we spent per month on cars before we got rid of them. My wife’s car was $670/month (the median price of a new car in the US was $35K when we bought it) and mine was an old paid for car.
We spent at least an average of $1100+ for car notes, car insurance, gas and maintenance.
And the quality and convenience of Uber is much better than a taxi ever was. You know your price up front and you always just get your card charged