Buy a Car for My Ride-Sharing Job?

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Buy a Car for My Ride-Sharing Job?
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Опубликовано:

10 ноя 2020

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Комментарии : 250

@GardenerEarthGuy 3 года назад

Dave should start a ride share company that only uses $1500 cars and stops to deliver pizza along the way.

@efrenvargas162 3 года назад

😂

@travisb9130 3 года назад

Don't forget they'll also do instacart and deliver your beans and rice 😂

@kfUNC1 3 года назад

They won’t drive you to a restaurant, unless you’re working there.

@bunnie1294 3 года назад

No payments with credit cards.

@blackworldtraveler3711 3 года назад

Cold pizza

@Chasebald 3 года назад

Professional delivery driver here ✋: $800 a week is pretty good. For delivery apps, the car cutoff is actually 1997. She should buy an ‘05-06 Honda or Toyota which she can get for about $3-4K. Take it to the shop to get checked out and make sure it’s in good working order. She needs to download an app called ‘Stride’ which will track her mileage. Then she needs a professional to do her taxes to ensure she can write-off the cost of the vehicle, repairs, and maintenance. The car will pay for itself in less than 2 months.

@AnimeBeefRandoms 3 года назад

Or and electric bike.

@AustinWirl 3 года назад

careful with this you can only write off mileage or actual cost maintenance of operating the vehicle but cannot write off both

@blackworldtraveler3711 3 года назад

If the car is clean and get me where I need to go I don’t care about the year or type of car.

@wreckingopossum 3 года назад

A 2011 or 2012 Nissan Leaf would probably cost the same, and being a single speed electric vehicle have lower maintenance costs

@wreckingopossum 3 года назад

Also, I thought I would mention that my current car, a 2009 Toyota Camry only cost $4k and is 3 years newer

@TheLottoKing 3 года назад

This is one of those calls where she doesn't even get to respond and we have to pretend she hung up the phone.

@gusmueller4413 3 года назад

rideshare drivers do better than multilevel marketing, but they still earn less than minimum wage. work at burger king instead!

@blackworldtraveler3711 3 года назад

@@gusmueller4413 I’ve used Uber at home snd in other countries. After dealing with rude taxi drivers that are also selective when stopping for people I have no problem using or tipping the Uber type services.

@jesterpoker 3 года назад

@@gusmueller4413 she makes $800 a week that’s not minimum wage.

@winnkoehler7152 3 года назад

@@gusmueller4413 i make around $1,000 a week lol

@TranscendentPhoenix 3 года назад

@@gusmueller4413 800 bucks a week is definitely not minimum wage and should be lower-middle class depending on the standard of living in your area. That's around $23 an hour and she says that's a minimum depending on the week. She doesn't get benefits though with a rideshare though which is shameful.

@imveryhungry112 3 года назад

She sounds like a hard working woman. Wish her the very best.

@blackworldtraveler3711 3 года назад

Seems she has no choice.

@mikedroz2301 3 года назад

I do Doordash and UberEats. Been doing it since that $600 extra unemployment ran out. I've never had a job pay this well before. Enterprise rent-a-car offers discounts for us, and the cost of the rental is tax deductible.

@djinkieta106 3 года назад

thank you for this!

@blackworldtraveler3711 3 года назад

@Elle D I thought it was for part time work with your own car and full time job. Many of you getting in over your head.

@daveavemian5940 3 года назад

this is really a perfect example of where Dave's advice simply doesn't work at all and he refuses to admit it. This woman needs like a 6 year old toyota with low miles that she can put 40K miles a year on and have no issues. This kind of car will cost 13-15K and she should just finance it and be done with it. Trying to buy a 2 3K car cash when you're driving 50K miles a year is absolutely asinine. I suspect the caller has absolutely horrible credit though so that's going to be a different can of worms. If she has decent credit, she should finance a 12-14K car and keep it for 7-8 years. Trying to buy a different junker every year is absolutely horrible advice

@michaelweyenberg6238 2 года назад

Just don't be poor! Simple! Dave loves to assume people can just "pile up some cash real quick".

@sandrabalan5306 3 года назад

Sorry, but I don’t think this was the most usable advice for this lady.

@heathernicole3012 3 года назад

It’s really concerning this lady is 50 and doesn’t have a sustainable career.

@blackworldtraveler3711 3 года назад

All about choices.

@mclauren86 3 года назад

I agree it's sad, but that's true for many folks her age and older. For all we know, she could have been working at the same job for 20 years then was suddenly laid off and she had no other skills. People have to make do with the situation they're in. It's not like today where kids can get easy financing if they want to go to school. Back in those days, if you didn't have money you were out of luck.

@blackworldtraveler3711 3 года назад

@@mclauren86 Oh heck no. Easy financing back then. She could have gotten a grant or 3% -7% loan and/or a grant easily. I should know this because I’m her age and was declined from getting a grant because I made too much hanging drywall during and after high school so I was basically penalized for making $6/hr. back home....but I wasn’t home and 1200 miles away making around $2.15/hr. which was fine with me. I was surrounded by students with grants spending it on mostly everything else but school like my roommates. And I’m being real here.... listen to the way she speaks. The less money the more grant money you got....even multiple grants. I’m 99% sure she had no desire to go to school and never planned for anything further than the tip of her nose. She had no skills because she made the choice to not acquire them. Yup anyone could get a student loan easily. The only difference is we didn’t have the weird school fantasies and dug a financial hole like most today signing student loan papers blindfolded. And I was living in my van more than half the time and didn’t settle for being “out of luck”.

@mclauren86 3 года назад

@@blackworldtraveler3711 I'm happy to hear that everything worked out for you. However, we don't have enough information about this woman to make such harsh judgements. That said-- no... it's much easier today to get money for school than it was back then. Many people couldn't go to school (or didn't finish) because they couldn't afford it, and didn't necessarily have access to free money or unsecured loans. There are many paths that could have taken her to this point through no fault of her own. However, we all know that psychologically it makes some people feel better to condemn others-- I hope that's not you.

@blackworldtraveler3711 3 года назад

@@mclauren86 Like I said 99% sure. Not about me. I did what had to do and wasn’t afraid of school/work full time including no life for three years. Have no problem at all with people judging me.....keeps me on my toes and to better myself instead of becoming complacent. Heck I’m not being harsh at all and I can pretty much tell the area just by the way she talks. This is important, I’m being honest,and I’m not going to sugar coat this. That “head in the sand” attitude is part of the problem. Everything I posted here I was aware of and saying when broke and living in the Safeway parking lot back then. I was deep into this back then going to school with those grants and student loans and stand by what I say.

@billkindig137 3 года назад

That was so entertaining when Dave said "Very interesting..." And the look on his face.

@imagine7964 3 года назад

@Hermetic Viator yup

@rayhill5767 3 года назад

He is thinking about the lies

@dannyk847 3 года назад

@@rayhill5767 he is thinking ingenuity when u need money for food.

@stephon972 3 года назад

I am in the same boat I lost my job 2 months ago my unemployment runs out next month thankfull i had some unemployment benefit left over from when i was fourghloughed or however you spell it. back in march . I will start delivering food for door dash so i dont have to touch my savings and im going to try to find a real career track so i can get on a real path I am 29 and fell a little lost

@FP5Gaming 3 года назад

Even if she makes "about 8+ a week" in this super saturated gig economy, that's still before taxes, gas and other expenses. Ride share is not worth it at all.

@zacharybohlman4069 3 года назад

@@saulgoodman2018 I did it, it doesn't cover it. 99% of drivers are operating at a loss.

@Coananlover 3 года назад

@@zacharybohlman4069 If you're operating at a loss you're doing it wrong. Plenty of people make a livable income from ridesharing.

@bunnie1294 3 года назад

It's scary to think if a major repair comes up on the car, which happens a lot more often driving all day every day. That instantly puts the person out of a job + a bunch of car repair expenses or need to buy another car.

@blackworldtraveler3711 3 года назад

I thought these jobs were for people who already have a decent car and do this part time in addition to full time job. At least that’s the way it seems to be where I live and works well.

@blackworldtraveler3711 3 года назад

@@bunnie1294 In rarely head about major repairs anymore. I have almost 100k with only oil changes, one brake fluid change, and new set of tires.

@justinacase2623 3 года назад

What people fail to understand is the cost to operate a car per mile. It is very expensive. If you factor in the cost per mile, you might make minimum wage. Or less. Ask any fleet manager ,they know per mile cost. You'll be surprised.

@bosstime2010 3 года назад

Not if she's renting a car.

@alittlepieceofearth 3 года назад

Also, mileage is a tax write off.

@justinacase2623 3 года назад

@@alittlepieceofearth the whole car if used 100% for business is a deductible expense. But that does not make it free.

@MicahPotts 3 года назад

Guys, the rental company and ride-share companies have teamed up and are fully aware and fully allowing her to drive rideshare with their special 'rentals'. It's fully insured and everyone know's what's going on.

@jahbaritaylor 3 года назад

She is probably renting through Mavin or another company that partners with Uber and Lyft to provide rideshare drivers with cars to drive in.

@itsallbusiness3784 3 года назад

ITS NOT WORTH DRIVING EITHER WAY

@blackworldtraveler3711 3 года назад

She’s probably not totally truthful as well.

@rayhill5767 3 года назад

Omg it’s just another cab company at that point.

@mountainmonkey15 3 года назад

Yeah hertz is like 150 a month for Uber partners

@carolea7158 3 года назад

@Elle D ouch!

@JadeTrading 3 года назад

Thank you for sharing

@realazduffman 3 года назад

I have a headache after listening to her

@bluecollarmoneyinvestingch396 3 года назад

Already knew the answer before watching.. making less than minimum wage after deducting all expenses is not a very good return on your time. Only makes sense of you can buy an affordable used car with cash.

@bosstime2010 3 года назад

She's not making minimum wage. She makes 800 + a week, so minimum of 3200 a month minus 700 for the rental equals 2500. After that it's just gas.

@ktsterlin9304 3 года назад

My heart broke a bit when she said she is 50. When I rented a car in Las Vegas, they had a department specifically for ride share users- it was fascinating how they are adapting to these situations. I always appreciate Dave’s view, I would think this one is a bit different. Getting a personal loan she can pay off in a few months can get her saving money faster over time versus paying the rent for a car.

@adamlynch9153 3 года назад

Saving builds more character

@blackworldtraveler3711 3 года назад

Las Vegas always had services for ride share users since the 80s.

@FalaqX 3 года назад

We don't borrow money around here

@whyneed1215 3 года назад

@@FalaqX *You

@m.b5777 2 года назад

Rental for Uber is not that bad when you factor in the fact that your own car is not getting depreciated. Also you don't have to pay for any maintenance. And the rental money that you pay is tax deductible.

@heyvern 3 года назад

She had to have done it the right way. Uber or Lyft must know the car, license # and insurance. Passengers can't get into a car they don't know what looks like.

@leadnsteel1428 3 года назад

She obviously doesn't know how dead slow it is going to be right now with all the restrictions.... so no

@MrJay197409 3 года назад

$700 a month you can buy a car cheaper than that.

@airthrowDBT 3 года назад

Not if her credit is roasted which it probably is...

@Steve83B 3 года назад

If she’s renting (like from Hertz), that probably includes the insurance too

@itsallbusiness3784 3 года назад

YOU GET LOTS OF MILES. ITS NOT WORTH DRIVING IT

@justinacase2623 3 года назад

Hope they know the use of the car when you rent it! I'm pretty sure you cannot rent a car for taxi service.

@MrJay197409 3 года назад

@@justinacase2623 depends where she rents it from.

@fireseeker4him 3 года назад

When I drove for Uber and Lyft, the car cutoff was determined by state. In MD it was 10 years but in other states it was 5.

@MR3DDev 3 года назад

Ridesharing is a side gig is not meant to be full time because the take home pay is so low.

@chuckfought2175 3 года назад

Columbus ohio uber eats driver here. I consistently make 1000.00 per week working 35 hours. I drive a 2005 ford freestyle that I paid 2500.00 cash. We can have a 15 yr old car for uberx and 20 yr old car for uber eats. I spend about 100.00 per week in gas. The car has 215k miles on it and runs great. Its a throw away car. When it breaks down I will just get another one. People who say you don't make money doing it must be doing it wrong because I'm making plenty of money and I don't care about wear and tear because I bought the right kind of car for an uber gig.

@rustybell2722 3 года назад

I looked into ride-sharing as a side job only to find out my 11 y.o. vehicle wasn't good enough. PLUS, my vehicle insurance was going to triple. Couldn't justify buying a different vehicle just for that.

@justinacase2623 3 года назад

Snake Farm

@SantistaFighter 3 года назад

Rusty Bell you can deliver food, Uber Eats, Doordash etc, I just started (14 hours worked) and made $307.61, I will try to work about 15 hours a week.

@justinacase2623 3 года назад

@@SantistaFighter please list your cost to operate your vehicle

@SantistaFighter 3 года назад

@@justinacase2623 so far $20 in gas. I posted a video on my channel this week showing my earnings.

@betruetoyourself7162 3 года назад

@@SantistaFighter Did you need to increase your insurance? I think my auto doesn’t cover if car is used for business.

@ModoNayr 3 года назад

Rideshare companies rent vehicles with insurance already included so most likely that is what she is referring to. At my old location we have drivers make 800+ working 80 hours a week but would pay 253 for the car.

@user-ajp-4891 3 года назад

Y’all flubbed this one up. Uber and Lyft have negotiated agreements on the driver’s behalf. If anyone is reading this, the advice I would give is to make sure you get non owners insurance. Don’t go through the rental companies. The rental amount you pay is still an arm and a leg but it’s tax deductible.

@coolfool13w 3 года назад

the car may be rented threw the ride share there are programs where this is alowed

@coolfool13w 3 года назад

@Elle D I've seen it where there's a program where if you're a new driver for the program if you do a certain amount of rides it brings down it the rental fee to nothing as well as on average I think they're about $300 a week so that sounds about right might even cost a little bit more but who knows unfortunately that question wasn't asked

@zacharybohlman4069 3 года назад

Through Allowed You do rideshare I'm guessing?

@itsallbusiness3784 3 года назад

ITS NOT WORTH DRIVING EITHER WAY

@FalaqX 3 года назад

@@coolfool13w they pretty much got rid of those programs

@rpvitiello 3 года назад

Some of the rental car companies started allowing you to rent their cars for rideshare so it is allowed under the contract and it is insured. They just charge more than a regular rental for personal use. Uber and Lyft have different requirements in different markets.

@mishaelak7612 3 года назад

Uber/ lyft allows you to rent through their partners.

@JogBird 3 года назад

i choose not to own a car because the cost benefit.. so im always amased when i see very nice cars being used as ubers... like why buy such a nice car if you have to do uber to pay for it

@sssrcr85 3 года назад

They justify it because they get to write it off on their taxes.

@arthurbekkerman 3 года назад

Um? Cause extra money never hurt anyone? You don't know how often these nice cars drive, maybe the driver drives once a week on his day off?

@icantw8 3 года назад

I bought a 2016 Civic new and immediately used it to Uber until I was able to pay the whole car off with the money I made. I quit Uber almost 3 years ago and I'm still driving that car today. Have I never worked for Uber then I would still be stuck with my old car. That's the thing about working a side job: It gives money you otherwise wouldn't have earned if you never had the opportunity to.

@Oxnate 3 года назад

Because all the rideshare companies require newer cars.

@Coananlover 3 года назад

Many of the Uber drivers I met do not use Uber as their main source of income. In fact a lot of them are just retired and bored. So, it's not really that odd that they're rolling up in a nice vehicle.

@bobbybiskins6720 3 года назад

lady sounds slow

@blackworldtraveler3711 3 года назад

Lazy hood talk.

@AlexSchlesingerOfficial 3 года назад

Well it depends for example in New York City the only option would be to rent as they do not allow new plates 👈

@pey7777 3 года назад

No need to complicate this. Banks are offering 2% loans on used vehicles. Go get a cheap 2015-2016 hyundai elantra for under $10k and get a 2% APY loan and quit wasting money on the rental. The car payment for that would be like $180/month which is much better than $700/month for renting

@jacobpatterson9440 3 года назад

She might not have very good credit.

@akwinas_a_o 3 года назад

I did Uber/Lyft for a while in Boston. Cranked out about $1200/week. You have to get used to the idea of depreciation being your friend. I no longer do it, but my well maintained 2014 Prius is still trucking along like new at 250,000 miles.

@PInk77W1 3 года назад

Very painful

@javiermena4070 3 года назад

If you live in California , there is a electric car/ plug in hybrid & hybrid grant from CVAP that assists people with 1500-5000 for a down payment. Can be used car too. There is Nissan leafs for 8k minus 5k. Also your electric company gives grants. I leased a Chevy Bolt 2020 for $150 a month with the 5k they gave me

@craigcarter400 3 года назад

They call it Lyft express drive. Insurance is covered through them. She is netting about 600 per week minus gas costs.

@6729solarwolf 3 года назад

Working for a ride share company with someone else's car is the best way to do it. Do not under any circumstances, get your own car. Maintaining your own car would be very costly

@ITSLD69 3 года назад

Key points were left in this segment. When you rent a car through uber and lyft, you are paying a lot of money because insurance, maintenance, registration etc is all covered in that payment. The problem is your essentially wasting money becauee a toyota camry/corolla will run you $6-$7000 ish. Those cars are worry free, gas efficient and cheap. Plus when you are done with rideshare, you can sell it to recoup losses vs renting which means money down the drain. The only plus from renting vs buying is insurance, you need a commercial insurance which depending on state could be $20 a mo to $400.

@ten1225 3 года назад

You can rent vehicles through uber and lyft and the fee you pay weekly includes the car and insurance

@umibrahimibrahim4966 3 года назад

I benefited from this episode.

@dagoggins5 3 года назад

I'm sure u did

@blackworldtraveler3711 3 года назад

You’re ready to run out there and buy/rent a new car to work a part time job full time?

@jaysmith6013 3 года назад

I’m not sure what the rules are these days... but back in the day, the car rental company Enterprise patterned up with Uber and had a great promo. You could rent a brand new Corolla, and as long as you did 70 rides in a week, the cost of the rental would be waived and all you paid was the insurance and fees (this was in LA maybe 5-6 years ago). I’m sure there are some ride share companies that allow rental cars, just gotta do the research

@alittlepieceofearth 3 года назад

Some of the ride share companies have partnered with rental companies. If you are doing ride share you do need a vehicle that is relatively newer. If you do delivery, I haven't seen too many restrictions on the vehicle. Uber or Lyft may require a certain age of vehicle. Door Dash and Instacart, not so much. She could pay cash for a cheaper car and do delivery instead of ride share and then save up for a better car if she wants to continue to do the ride share.

@Mack.of.all.trades 3 года назад

Seems simple to me .... $700 a month rental or $700 car payment for the next 2 years..... plus step in the gas a bit “pun intended” and work that extra 10-15/h a week to recover.

@umairahmad4711 3 года назад

Perfect video for my dad who needs a new car for Uber

@masterk5066 3 года назад

1:40 I did the same mistake dave did 😂 stupid lol

@kylesizemore2751 3 года назад

She's making $15/hr AFTER the rent payment. If I were her I would buy a nice 2018 model and finance it at 500 or so a month and try to pay it down as soon as possible. She's not a a regular caller looking to splurge. This is a tax deductible business investment.

@justinacase2623 3 года назад

You do understand that operating a car is very expensive per mile, look at rental car rates. Unless your in a prime location as in good tips you will lose money.

@jonmurman8117 3 года назад

First time your actually in the dark about money. This caller is renting a car from a well known company with full knowledge of Lyft. This has become very common. she should continue renting because depreciation and cost of ownership of a 5 year old used car is not worth it. Kill the rental car not a personal car. She is driving more than 50,000 miles a year.

@WookieSenshi 3 года назад

If you know what you're doing and are smart about the tools you have available to you you can make good money doing gig economy work full time. I will say though that probably only about 5 to 10% of people doing these apps full-time know how to really utilize them. I typically make around $6,000 a month in Florida. So it can be a viable full-time income but it does depend on the person doing it. Also helps to know how to utilize tax write-offs correctly. Plus if you only dude delivery and not rideshare you can get a much older but still reliable car for 100% work use.

@jacobpatterson9440 3 года назад

Yeah, people don't really understand how much you can make. And the mileage deduction lowers your taxes. Maintaining your car is also very important. I do Instacart.

@Cbv1914 3 года назад

Idk who she’s driving for but if you drive for Uber it only has to be 2008 or newer. Unless she wants to be in the UberBlack category and then it’s a 5 year old or newer vehicle. She should really try to do instacart, Uber delivery and others like that bc 1) no people on the car 2) you typically travel less and 3) I’ve seen close to or sometimes better profits from delivering VS driving people around. Plus there’s less restrictions on what type of car you have

@gamergeek8933 2 года назад

For anyone watching Uber works with rental companies to allow drivers to rent cars at a discount specifically for ride sharing. You have to use one of their partners like herts to do it, they will not accept a normal rental car.

@crappienaterfishing6065 3 года назад

Dave was stumped lol

@brianwinters5434 3 года назад

I drive for uber and uber covers all insurance claims when driving are coverded. I made 43 k plus in 2018 now I drive 35 hours a week and take home 600 plus after paying for gas. I have been driving for uber for 5 years and have 11k plus rides.

@Cbv1914 3 года назад

These rideshare companies work with rental companies and allow you to rent cars with insurance to drive for them. It’s all legit and works but the amount she’s making is very low especially if she’s driving UberBlack (they have the 5 year or newer min on the vehicle) ... if she works the right hours she should be pulling in way more. I drove just deliveries the other day in northern NJ (not a big city) and made like $60 in less than 2 hrs.

@cdogvlog5557 3 года назад

Apparently in order to make ridesharing work you really need to get yourself a prius as the gas mileage on them apparently cannot be matched.

@businessexplained9578 3 года назад

I mean... what else are you gonna do? Walk-sharing? All jokes, your friends at Business Explained!!

@eddiepun2937 3 года назад

It is a 15-year-old car or less. Not 2015 or newer. She may be renting from the ride-sharing company directly.

@GEAUXFRUGAL 3 года назад

What ever happened to telling someone that they need to learn all the ways of getting money back from businesses. Write off the miles, meals, cellphone, and anything else you can dream of. Each mile is accounted for.

@cesar-sw3di 3 года назад

You can find a chevy cruze or any other car that qualifies for rideshare at many smaller dealerships for about 6k finance it for 3 years to make your payments about $230 a month use the rest to pile up cash to either pay off the car early or buy another car that qualifies then sell the car you financed to eliminate the loan after put money aside for repairs in case the car needs them cause if you make a living of your car you have to take care of it and it will make you money not the best plan but a 200$ dollar payment is much easier than 700 for a car you don't even own

@moneymaverickstv 3 года назад

Very cool. Good for her, for hustling and making her money but the rental car company will stop her soon or if she gets in an accident, she cant tell them.she was doing ride share before the accident. She needs the own car. Save and grind to buy her own asap.

@samzz6847 3 года назад

Uber is a horrible job ... did it for 1 year along with security - f that ...

@biskit7 3 года назад

I don't like gig economy work, your basically making minimum wage after you consider all the expenses. If you want to do it part time for extra cash then sure do it, but she is better off getting an office gig and making much more money.

@jacobpatterson9440 3 года назад

You're completely wrong, In my area, I normally make at least $20+/hr in net, post-tax profit.

@blackworldtraveler3711 3 года назад

@@jacobpatterson9440 To be honest I seriously just don’t see any advantage other than supplemental income.

@nerad1994 3 года назад

most office jobs need schooling so she'd have to make the time

@SimonSaysyo 3 года назад

Hertz, Avis/Budget has ride share cars and rates. The people who rent them to use for ride sharing drive them like they stole it. 😂

@burntblonde2925 3 года назад

USAA and Costco have great car buying programs Buy a newer car for $10,000. If you have good credit your payment would be $200 a month

@alexs3030 3 года назад

Not worth it

@6729solarwolf 3 года назад

$800 x 4 = 3200 $3200 - $700 = $2500 Less fuel costs. Also, try to educate yourself on the side and get a proper job. Ride share is for students, as a side gig. It's not a career plan.

@wtDrake 3 года назад

Buy a 1994 Celica and switch to another ride share service

@killersaxsolo 3 года назад

Is that you Scotty?

@samysamy566 3 года назад

@@killersaxsoloyes son

@coffeebeardtv 3 года назад

Scotty kilmer

@coffeebeardtv 3 года назад

Lalo uses a 67 mustang for Rideshare

@TheGrantrepreneur Год назад

Uber has a program with car rental companies where their drivers rent vehicles at a special rate.

@Rooot-username 3 года назад

She could get a Jetta, hyndai or Honda base model in 2015 pretty low.

@ransom182 3 года назад

Hope she's setting aside enough in taxes... the insurance issue is also scary.

@Zimbo1212 3 года назад

Hope that rental has unlimited miles...

@jordanaubrey-realestateinv334 3 года назад

I thought about buying a Tesla just for Turo.

@JiisTube 3 года назад

I thought about that too, LOL. After I did the math of financing one, I realized it was a bad idea for me.

@IreneZGoodman 3 года назад

I love Turo. I've used them to rent cars 4-5 times already because I don't have a credit card. It's been a pretty good experience so far.

@xxxBradTxxx 3 года назад

yeah, i've thought about buying a Camry for turo as well because they are the most popular rentals on the app

@brianwinters5434 3 года назад

I am 64 and drive for uber for 5 plus years. i make 30 k plus from social security.

@carolea7158 3 года назад

He's basing a lot on an assumption that either the rental car company or the ride-sharing company is not ok with this setup. If she does the due diligence and reads up on the rules for both companies as well as on the insurance, I don't see why not continue this process until she has enough money to buy her own 5-year-old car. Basically, I'm separating the car out as a workplace expense until she can get a different car and/or a different job.

@blackworldtraveler3711 3 года назад

Based on just listening to her I really can’t see this woman doing any due diligence at all. And I personally won’t be getting in anyone’s car in the next six months.

@jduran111 3 года назад

You don’t understand how Uber works. Uber drivers sell their car one ride at the time, they keep very few profits after gas and repairs. If she works full time, She should keep renting and work as many hours as possible for 2 months straight and take a few weeks as vacation, to handle personal stuff. Let the lease company pay for repairs and insurance.

@harrylui309 3 года назад

$800 before expense or after expense?

@sidharthchand8072 3 года назад

Buy a Honda Fit, used

@kathrynrl91 3 года назад

Okay. I know that car payments are not a good thing. But in this situation, because she is already used to paying $700 A month for a rental car. Couldn’t she finance a car and still make that $700 a month payments and knock out the loan in a little over a year?

@hmj8469 3 года назад

This caller was painfull to listen to

@becm1395 3 года назад

Uber is 2007 or newer

@miketheyunggod2534 3 года назад

What else you gonna buy? A horse and buggy?

@nicb9993 3 года назад

Why is AO refusing to say Uber on Dave’s show like Dave hasn’t said it a thousand times

@jonathanhankins8356 3 года назад

THOSE ARE TOP LINE NUMBERS... Here's the REAL rideshare numbers. - The rental for either Uber or Lyft is closer to $1,000 per month. - Driving all day takes GAS... $30 per day minimum. That's $700-$800 PER MONTH - Driving all day means MILES that's about 8,000 miles EVERY MONTH - Synthetic Oil Change every 4-5 weeks - Brakes every 5 months - Tires every year - Shocks and Struts every year - Cars can't take 80 - 100k miles every year for long... So... - New car every 18 months... becuase Uber will fail your car on it's annual check when it hits 120k miles. - Ride Share Drivers Don't Make Money... they just think they do because they don't know what the actual cost per mile of their car is. Oh... and if you driver app is on, your personal car insurance will not cover you. You have to have commerical insurance. Uber and Lyft have insurance to cover you if you are in a ride... but the deductible is $1,500. If an uninsured driver hits you - you will be out your car, and $1,500.

@queen.kristal8395 3 года назад

Honestly she could just buy a car in cash I don’t like there rules because majority doesn’t have a 2015 and she will never have money saved since it’s all going to rental

@dominicankid1001 3 года назад

That's crazy 700 a month.. girl buy a cheap car and star doing uber eats

@nickm1587 3 года назад

$800/week before or after taxes?!

@BigGucciChris 3 года назад

She doesn’t pay her taxes

@williamerazo3921 6 дней назад

You pay little taxes since it’s consider self business and expenses will eat it up

@davidschwartz5026 3 года назад

Shes in the wrong state most states are 15 years or newer

@blackworldtraveler3711 3 года назад

She 's 50 years old. No choice but to be scrappy.

@blackworldtraveler3711 3 года назад

@@saulgoodman2018 It's really bad in California even in 40s.

@gettingitdone1.0 3 года назад

What ??? You can go work at a fast food restaurant and make more than 800 month this is a work issue not a car issue!!

@alittlepieceofearth 3 года назад

She said $800 weekly.

@Pleaselikemycomment1 2 года назад

I normally agree with Dave but I don’t want her working 24/7 driving. For the sake of the people on the road.

@jamesmyers6739 3 года назад

She probably rented a car via the ridesharing company

@Yariel-Abril.30.98 3 года назад

Why wouldn't she like to be uber when she's 65?

@jimroscovius 3 года назад

She needs to get a real job!! Ride sharing is a side gig, not a main job.

@CanChikMay 2 года назад

She could get a car and finance $400/ mon plus insurance, work for car sharing

@jl8452 3 года назад

I know with Lyft, you can rent one from them, but it is extremely expensive. They take advantage of people.

@justinacase2623 3 года назад

No they understand the cost of doing business. A car is very expensive to operate. Uber and Lyft are brilliant for the owners, not the workers!

@jl8452 3 года назад

@@justinacase2623 Yes, unfortunately, as are a lot of companies. Making money off of the backs of their workers.

@pic376 3 года назад

I understand that working for Uber and them is like working for minimum wage. You don't really make a profit, only if you're doing the long distance route.

@justinacase2623 3 года назад

Yup, if you crunch the numbers you would never do it

@justinacase2623 3 года назад

@@saulgoodman2018 you forget the cost of operating the car. The actual hours she works. She is broke.