\t\t\t\tI met a very friendly and open Uber driver recently who shared with me his financial situation working with the company.<\/p>\n
He bought a Toyota Prius for $30K, specifically to work with Uber
\nIn one year he put 48,000 miles on it
\nHe makes about $1 a mile after Uber’s fee and works 10 hours a day
\nHe spends $60 a week on gas
\nHe has to change the oil every two months
\nIt costs about $4000 to replace the hybrid battery, and this needs to be done about once a year at the rate he is driving
\nHe expects the car to last 4 years.<\/p>\n
Assuming he is right about the car lasting 4 years (which I doubt) it would work out as<\/p>\n
— Over 4 years —
\nIncome:
\n$192,000<\/p>\n
Expenses:
\n$12,480 gas
\n$1,200 oil change at $50 each time
\n$12,000 for three batteries (first one comes with the car)
\n$30,000 the car itself
\n$2,000 in tires, $500 for 4 tires once a year
\nTotal: $57,680 assuming no other major costs<\/p>\n
Pre-tax income per year, after expenses: $33,580. At 50 hours a week, AT BEST this works out to be $12.91 an hour. More likely the car will break down sooner past where it is worthwhile to repair. It also assumes no vacations over 4 years, and does not include health care.<\/p>\n
The driver was complaining about his old job only paying $35,000 a year. But actually he was making more before AND that included vacations and health care.<\/p>\n
In Uber’s defense, the driver loves being his own boss, and that is certainly a great thing.\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"
I met a very friendly and open Uber driver recently who shared with me his financial situation working with the company. He bought a Toyota Prius for $30K, specifically to work with Uber In one year he put 48,000 miles on it He makes about $1 a mile after Uber’s fee and works 10 hours […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"https:\/\/rakkar.org\/blog\/index.php\/wp-json\/wp\/v2\/posts\/632"}],"collection":[{"href":"https:\/\/rakkar.org\/blog\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rakkar.org\/blog\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rakkar.org\/blog\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rakkar.org\/blog\/index.php\/wp-json\/wp\/v2\/comments?post=632"}],"version-history":[{"count":0,"href":"https:\/\/rakkar.org\/blog\/index.php\/wp-json\/wp\/v2\/posts\/632\/revisions"}],"wp:attachment":[{"href":"https:\/\/rakkar.org\/blog\/index.php\/wp-json\/wp\/v2\/media?parent=632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rakkar.org\/blog\/index.php\/wp-json\/wp\/v2\/categories?post=632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rakkar.org\/blog\/index.php\/wp-json\/wp\/v2\/tags?post=632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}