Best Car For Uber: Easiest Way to Buy a Car For Uber Driving

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RSG contributor Jay shares with us the steps to buying a new car for uber and lyft without the hassle of paying unnecessary, hidden fees.
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30 июл 2024

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Комментарии : 122

@Therideshareguy 4 года назад

Need to rent a car to drive for Uber, Lyft, Uber Eats, Postmates, Doordash, or any other gig job? Check out our Vehicle Marketplace to learn about all the best ways to rent a car for any gig economy job: therideshareguy.com/uber-vehicle-marketplace/

@healthtips4340 2 года назад

Hello i need to buy a car instead of renting, do you know where i can finance it. IM AN UBER DRRIVER

@lucabrazi36 5 лет назад

Bought a 2007 Camry Hybrid 4 yrs ago for $6800 with 120,000 miles. Now has 300k and all I've done is oil changes. Most reliable car I've owned still going strong.

@neilparmar5705 4 года назад

You can't go wrong with a Camry they're pretty much bullet proof.

@zainsafdar6744 4 года назад

Bought 2012 Toyota Camry Hybrid 150,000 miles @ $7000 I’ve put 70,000 miles, not a single issue MA. MPG: 43 City/39 Highway. I recommend this car to any ride share driver. I’ve had customers telling me that I have a very nice/roomy car.

@AustinRides7264 2 года назад

Nice! Still using it?

@AustinRides7264 2 года назад

@@zainsafdar6744 you got a good deal on yours. Excellent. I bought a 2013 ford fusion hybrid for a similar price with slightly less miles. I'm at 183k miles now and no issues. I love hybrids. Ford actually partnered with Toyota on the engine so it's a Toyota essentially. I get 43-44mpgs combined still and that's a lot of highway driving.

@RichieSarinas 4 дня назад

Hey what's up Jay. Richie here and I also do ride share here in the Bay Area. I just subbed your channel and I really liked this video because it is very informative. I recently bought a Honda HRV 2024 from Victory Honda in San Bruno. The salesman that sold me the car was that same person you described as "someone who wants to make the sale" and he also didn't ask for any tax documents . Just thought I'd share that with you. Anyways, I'll be looking forward to more of your new videos as well as the ones here already. Thanks bro, have a great day since summer has been very good and very warm to us all here in the Bay Area.

@CoachSteve4u 5 лет назад

This is the exact video I needed. Thank you!

@zainsafdar6744 4 года назад

@BwadeReacts 4 года назад

I'm using a rental and it sucks, I'm paying $1104 a month for a rental that isn't covered for personal use and not fully covered as a driver. So I'm looking to finance something new.

@flips8110 5 лет назад

Great video and appreciate the content and updates.

@proneer140 4 года назад

I wish you more success, thank you for sharing .

@enRod. 5 лет назад

Thank u Jay!

@MattSherlin 5 лет назад

Great video👍 Thanks

@aploquillanojr 5 лет назад

While watching your video on criteria on what you want...I was like hmmm..that's my car, then the next thing you know we have the same model 2017 Honda accord hybrid but mine is white!...lol great video!

@brianbrooks5404 4 года назад

I got me a 2011 VW Jetta Sportwagon TDI. It gets around 40 miles to the gallon had 95k at the start. Now I'm at 113k. Really like the car so I only drive on the weekend.

@robincobb8611 4 года назад

Jay, I think your about 6'4". I'm 6'3". I used the Uber Fair program to get a Ford Fusion Hybrid. The car is a little small for me. Besides the car you purchased, what other cars would you recommend that were comfortable for you to drive?

@DustinIsDriving 5 лет назад

Great video! Nice car 😁

@leannewallace7315 5 лет назад

Go to Kia. They will get you in a brand new car. They even lied on my paperwork so I would qualify. I have a Kia Soul

@neilparmar5705 4 года назад

Sweet

@johnpierson2737 4 года назад

😂 Those are the kind of people we need

@DrFoche 4 года назад

I had a guy once FAKE a trade in by buying a junk car for 50 bucks just for the title and said it was worth 5k........just to show the bank I put something down. super clever........

@awwwyourehurt2822 3 года назад

Kia Soul..... you may see yourself out hun! 🥱

@isatv5454 2 года назад

Souls are perfect and well made cars but not good for rideshare in terms of ⛽

@lesinboston9208 5 лет назад

Seriously Jay, I love you're videos, but what the hell? You're making $2,500 plus per week, taking all kinds of wonderful exotic trips, and you don't have $5,000 set aside for another car??? WTF

@zainsafdar6744 4 года назад

Looool

@RichieSarinas 4 дня назад

Yeah Jay wtf??? Since it's really cheap to live in the Bay Area, WTF? I'm sure your property tax is next to nothing , mortgage really low... So what gives? Just kidding Jay. I'm getting my ass kicked just trying to pay my never ending bills which leaves me usually with almost nothing. My biggest bill collector is my wife. The lesson here guys... Don't get married or end up something like me. Thanks Jay, great content.

@hgfddgggjn8228 5 лет назад

Congratulations on the new car! How much does it cost? Most important before buying used car, is to have it checked out by experienced and honest mechanic. If driver drives as much as you or Gio-ridesh-rev, then paying of a car shouldn't be a problem. For X, Toyota or Honda. Honda has somewhat weak automatic transmission. For long term, over 100-130k, the hybrids become more expensive to maintain. Just because of the battery and generator. And not many people know how to correctly work on them. Buying used hybrid is a huge risk. Obviously if driving in stop and go traffic, hybrid runs on el mostly and recharged from the brake heat, but if driving with 60mph, the car runs on gasoline only. For XL- only Sienna. If Odyssey doesn't have manual, you're doomed. For higher ends, Lexuses or Toyota. Everything else is waste of money and time. If one earns about 2000 a week, paying a car is easy, with long hours of work.

@brucelee8926 5 лет назад

How much you bought it for? How much you down ? What's the interest rate? What's your monthly payment? Need to share all that to give drivers an idea when they go shopping

@christopherlarivey2535 5 лет назад

I have only been driving for two weeks and the first one was in a rental. I did decide after week one to purchase a new car. I had even just recently quit my not self employed job. I was able to find a dealer that wanted to sell me a car and after a test drive and plenty of conversation. I was financed and in a new car, 2019. This video is good info. Banks will turn you down unless you are a gem when trying to get pre-approved. The dealers have more ability to find financing if they feel like things are cool.

@craiganderson5708 5 лет назад

Hi Jay, I'm curious if you're getting Uber Comfort requests with your '17 Accord Hybrid?

@Fk7_luis93 5 лет назад

Cool video👍

@johniii8147 5 лет назад

You would be completely insane to purchase a new car for ride share at this point. Rates for drivers ate going way down so the expense will not pay off

@Kamorok01 4 года назад

Only 50? Ezpz

@ridewithregan9703 4 года назад

If you are making $8,000 a month...why not just buy your car in full and avoid the hassle & stress of financing?

@coinraker6497 4 года назад

I had the same question. Why not just pay cash? Apparently he didn't have it.

@bigtank6709 2 года назад

Exactly

@stevendaniel8952 2 года назад

He's building credit it looks good on you

@dennisakoglu2718 2 года назад

But repairing the car is problem you need to find trusted mechanic i had many mechanics ripped me off before

@Bonanzaking Год назад

In a lot of situations if you have the cash to pay in full it’s not the best use of capital. It’s generally beneficial to make a down payment take the loan and invest the rest of the money which ideally appreciates at a rate higher than the loan. I know this is a 3 year old comment but you’ve noticed the record inflation the last few years. Given the inflation rates if you managed to get a new car for dirt cheap interest rates like some people that got 2% loans and put your money elsewhere to work for you come out ahead. Last year inflation was around 9%, from last year to know its been an extra 4%. If you had a cheap loan you in essence got some free money.

@michaelsw7 5 лет назад

From what I hear...a super busy uber and Lyft driver can make maybe 50 to 60k per year after all expenses, taxes, etc. Which is ok if your option is retail or fast food which does not pay $20-$30 per hour which is what you make as a driver. The whole concept was derived for those who would literally do this a little here and there....not as a full time gig.

@JRCoronado24 3 года назад

Hello I am about to start driving for Uber in atlanta and IDK or how to start? any guides?

@heribertolinares65 10 месяцев назад

I have done this a different way I went to Kia dealer to buy a car like normal told them it was for personal use. You have to wait 2 to 3 weeks so it passes through finance one's that done call insurance company add ride share insurance and start ride sharing

@ariholic2017 5 лет назад

OR save up every week from your rideshare earnings and pay cash for your vehicle :)

@zyvenanderson8313 4 года назад

I was wondering how many hours a day & week do you drive to accumulate over 24K Trips in 3 years? I'm close to 18K in 4 years, 2 and a half years Full Time Driving

@sohailg1607 2 года назад

Hi Jay Nice video very informative Do have a quick question though How much is your Rideshare insurance? How much is your loan and for how many months of financing ? I am renting right now an Uber comfort for $1400/month Please help

@ScissorVixens 2 года назад

8K a month is more than enough to pay the bills and then some in most markets. I think you mentioned that you only drive part time? How many hours per week are you putting in to make 8K/month.

@kurth8439 5 лет назад

Paid 8000 for my sienna 2009 60,000 trouble free miles so far.. had 123000 when I got it.bought from car gurus paid too much should have been around 6500.but I just paid it cause they made me sick trying to screw me over on financing for weeks.they wanted it financed so bad. So they could make more money...they don't sell cars they sell loans I paid cash

@TheGranti7a 4 года назад

Looking back (date-wise), at THIS video. YOU'RE driving during the COVID-19 pandemic!!! *Your car choices are only cosmetic?

@TheGaming044 Год назад

Did you need to have a down payment? I’m assuming no right?

@luffakft 5 лет назад

What the out of gate price ?????

@TheLastESPADAx0 5 месяцев назад

U misspoke it's not lease it's rent from Uber or lyft

@TheAbrahamHD 5 лет назад

I did the same thing, but instead of youtube/podcasts I have an ebay and amazon store and I just showed them my 1099s and got financed. (The 1099s only show revenue lmao, not sure how it worked, but it worked - ebay + amazon added up to be $120k for 2018, luckily they didn't ask for my INCOME from those 1099s LOL

@topofthegreen 5 лет назад

Buying a car for ride share is stupid because you quickly drive it into the car into the ground. Renting is a better option as insurance and maintenance is their problem. I turned a $20,000 into a $5000 in no time. Most banks won't even talk to you if you are a rideshare driver.

@philipthomas6808 5 лет назад

If you have really good credit and have an established payment history, including a car loan, mortgage, some credit cards, they don't care what you do fro a living, as long as it's not illegal, of course. I've bought 3 cars from CARMAX in the last 8 years, 2 of them financed through them, and the last one I paid in cash. Not once did they ask for my proof of income, or any kind of documentation, they just approved me in like 5 minutes and was all based on my credit history.

@Reddylion 3 года назад

Nice

@imtherain 3 года назад

just get a nissan sentra 2015 around $5,000, you can drive for uber taxi, uber eat.

@crosbyt123ify 5 лет назад

Uber driver from Boston. How much money should you put down for a new car when you have bad credit?

@philipthomas6808 5 лет назад

As much as you can afford; a bare minimum of 5 % but 20 % is ideal.

@philipthomas6808 5 лет назад

As much as you can afford; a bare minimum of 5%, but 20% or more is ideal.

@MrRight-xc5nw Год назад

Carvana has expensive cars usually above 10,000 but they don’t require a down payment on some cars and they also have free delivery.

@petrera 5 лет назад

Not everybody makes 8k a month...especially in Florida.

@acitizen5915 5 лет назад

@Elias Chesy Is that 800 a month? Im about to start lyft pt in tampa! Starting to have second thoughts!

@acitizen5915 5 лет назад

@Elias Chesy ha e my 2008 jeep liberty ready. Will sing up for uber eats later,but will start with lyft. Only allowed to make 1100 gross a month because im on disability. Thanks for your input.

@scottytoohottie7172 2 года назад

Just bought a car today 10/9/21 All I gave them was 3 years of tax forms from Uber my driver's license and $6000 with a credit score of 500 and and bad debt because of damn pandemic didn't receive no money for 4 And a 1/2 months into the pandemic credit cards were already delinquent by time I got money before pandemic credit score was 720 even with all of that I still got the loan . The car I had was rearranded 2 weeks ago the frame was bent the insurance total the car paid me $6000 So with those 3 things you can buy a car working for Uber Driver's license cash and tax forms Pick it up Monday One more thing I had to pay the taxes that I owe in the cars that I have now In Connecticut we pay yearly property taxes to drive on the road. 7 year driver going on 8 this will be my 3rd car still have 1st one 208000 thousand miles. Hope this helps Everyone🙂

@scottytoohottie7172 2 года назад

If you owe your yearly property taxes on your car you won't be able to register car with motor vehicle until they're paid in Connecticut

@grozacompany1989 5 лет назад

Buying a new/expensive car for uber is a costly mistake

@sjohnson4285 5 лет назад

🤣 How? When if you pay cash for the rideshare/taxi vehicle , 6,000 pounds GWV exception allows you to deduct the entire price of the car that same year plus the 70% car value depreciation deduction over the next four years lolol 🤣🎯

@dennisakoglu2718 2 года назад

How come repairing the car is cost more and finding trusted mechanic even more hard better to finance car rather than paying the scam mechanics

@Hamdy-gp6ik 2 года назад

I bought my car for 2200 2007 Pontiac vibe good on gas making the same money as 30000 dollar car

@msilverhammer 5 лет назад

The car salesman went Hmm, when you told him you made around 100K a year! You would think that he would be falling all over himself to complete a deal with a guy with that income, and a 750 FICO score. If he would have Hmmed me, I would have been out the door! I'm looking for a new car, and I have an even higher FICO score, but after watching this video, I am feeling uneasy about what lies ahead. I have never had any issues before, and don't ever remember having to provide tax returns, or W-2 forms, as it seems that if you have good credit you can get anything you desire within reason. Maybe CA is different, as I see all these places around my town guaranteeing financing for anyone with any credit rating. I just spent an hour shredding all of the credit card offers that I get in the mail each week, so I guess somebody thinks I am credit worthy!

@juice323blue4 5 лет назад

Buy car you can pay off in 6 months or less.

@fireflymary9269 Год назад

Why would you need a small loan given your income?

@truckerdaddy-akajohninqueb4793 5 лет назад

Taxi driver. Put cash away. Buy a used minivan. You don't need new. And it sounds to me that you are getting scalped on financing. $2000 a month is not a lot. Are you full time? I can take in and clear $1500 plus per week, plus tips.

@humblepie3416 5 лет назад

He makes $2000 a week $8000 a month "conservatively"

@HienPham-tl5zh 5 лет назад

Elias Chevy, what van are you talking about ?

@truckerdaddy-akajohninqueb4793 5 лет назад

I've bought Ford Crown Victorias from fédéral police auctions and they have served well. Despite what you might think, they do as well on gas as minivans.

@philipthomas6808 5 лет назад

@@humblepie3416 Yeah, I find that hard to believe with the rates as low as they are, so unless this guy is driving 10-12 hours a day, 5-6 days a week; 5 years ago I would believe it, but not these days.

@fivedollarsteve 3 года назад

Never buy a car via a car loan...if you don't have the cash, you can't afford it.

@johnnyledbetter2119 Год назад

Are you nuts

@kevinwenzel9859 5 лет назад

you had a finance guy at a dealership pull a quick one on the lender and it was because of your credit score. I bet they didnt ask for proof of income. Jay you always seem like you are in some kind of shady dealing

@lynnboehm4511 5 лет назад

Lol! Funny comment!

@ReallifeTV 4 года назад

What car gives 50 miles a gallon?

@LukeSnD 4 года назад

Real life TV Prius

@bulgiriri 6 месяцев назад

The way you explained is insanely difficult and you are making 8000$ with uber which is insane. Probably you are working 7 days a week because I hardly make 6000$ a month with approx 6 days a week. Yes I work with electric véhicule and I waste time charging but still man ..

@jackmiddleton2080 2 года назад

Self employment should matter but denial of a 5k loan to someone that makes 90k and has a 750 credit score is kinda ridiculous. Wait why are your payments 500? Isn't far financing done over 36 months or more usually. 500 is a payment on like a 25k car not 5k.

@huppdaddy2 3 года назад

Car dealerships are a nightmare

@djnoy842 3 года назад

Wow $8000 a month doing Rideshare?

@fern 5 лет назад

Wait, you him you make $8000/month and he said 'hmm....' ???

@JohnnyBGoode-xw9zj 4 года назад

That's exactly what I was thinking...What dealership was this...McLaren???

@JorgePille 4 года назад

Yeah, I call BS on several counts here.

@philipthomas6808 4 года назад

@@JorgePille Well, to be fair, he is in arguably the most expensive city to live in America, SF, and he obviously doesn't have the greatest credit, although 750 should be good enough in my book, but we really don't know his situation; maybe he came out of a divorce or lost a house through foreclosure, any number of reasons a bank might consider a rideshare driver a high risk to loan money too...

5 лет назад

In so cal you get sun on face all day. No need for sunroof.

@TheMohamed1952 Год назад

this guy keep saying he will quit every other month ... all of these rideshare podcasts are crap ... never rent a car from Uber or Lyft ... you will end up working for free ..

@masrurniaz412 4 года назад

This is true fact that uber not only squeeze the driver but it also snatch the money from riders. With the trend of cutting the driver incentive uber have become 75% are of part timer job which is not a good sign. Secondly uptill now their is only 2 companies operating gig tech business n we don't see arrival of new companies as price uber offers are taking uber into ditch thats why any news comes of uber business will not effects the stock towards upward. This indicate that investers who are the blood provider of uber business are not interest in investing in uber. Now wait n see what is the consequences of california judge decision and London court outcome. In very near future uber must give clear path to profit for which they have to offer better working ethic to drivers.

@amirshahkarami9536 5 лет назад

You want a challenge? Do you have guts? Make a video about Uber's / Lyft's independent contractor vs employee controversy . Want to make a video about a hot subject? Xander Sagasta

@saygebordeaux488 4 года назад

This is horrible advice.

@MrJamberee 4 года назад

This entire comment section consists of horrible advice. It’s a phukking epidemic

@KidFromQueens 4 года назад

DEBT IS DUMB! CASH IS KING!!! If you make 8K a month why would u EVER get a loan?? Save n buy what u want even if u have to trade up a couple times n a few years! But buying a new car for rideshare is so foolish! You will loose THOUSANDS in value racking up the miles!

@Pain-ib7ot 4 года назад

Carrier lol

@acidroshan1 4 месяца назад

Dont do this.. they guy ripped him off

@ITPalGame 5 лет назад

I'm doing something totally wrong if people can make multiple thousands of dollars a month doing rideshare. I live in Los Angeles County and am lucky to get a few hundred per week.

@gersomh4506 5 лет назад

Full time or part time?

@brucelee8926 5 лет назад

Need to be out on the street 13 hours a day , 6 days a week. You will see you will make money.

@gersomh4506 5 лет назад

On my own experience depends on the day.. some days in less than 4 hours $90.. last Saturday $145 in 8 hours.

@Therideshareguy 5 лет назад

Unfortunately you probably are doing lots of things but fortunately we can help - start here: therideshareguy.com/surge-only-driving-in-la Sergio in LA routinely makes $30/hr or more even after the rate cuts - it is possible but you have to know what you're doing.

@acemontoya5481 5 лет назад

@@brucelee8926 And also live in your car an have no wife family friends as one youtuber said "its fabulous I'm good to go" then it's a great life or not!