Recap of the week. I reached the midweek bonus of $95 and one of the weekend bonus of $65 and hit my EV bonus of $150 for the week. Hopefully everyone had a productive week.
I had a sfo rematch Sunday that went to Napa. 90 min trip and 67 miles that paid $60. I was tipped $20 and I profited one of the tolls because I had a trip going back south to Richmond area. I will do a video but the new Minneapolis rates are $1.31/mile and .31 min. so my trip would be $115 at those rates. There’s things coming to our market in California. Tomorrow is the final hearing for prop 22 and if prop 22 is overturned things will change for us.
I think it's another way to justify that the drivers are being paid more than the minimum of 70%. bonuses increase our regular fares to the point that Lyft doesn't have to pay us the 70% minimum match.
Could you also mention your total time spent in your car, please? Active hours don’t really help to understand what your actual pay per hour was. Thanks.
@@choongta I’ll have the Uber app open at times when I’m not actively taking rides. To give you an example, I’m charging my car and the app is online even when I’m getting offers I’m not taking them unless a great offer comes through I’ll disconnect early. Other times I’m actively on a Lyft trip and the Uber app is open in the background only for comfort electric in case an electric trip comes through when I’m almost finished with my Lyft trip which sometimes happen. I don’t factor those active time and I’m not being sketchy.
No matter how you put it, you're getting ripped off. Gas both ways, tire wear, brake wear, miles added to your car, tolls on the way back, depreciation of your car, wear and tear on your car, and wait till the car starts to break down. Just one repair will take all that money you made in one shot, and much more. And, don't forget to add insurance and car payments if you don't have your car paid off. The percentage of good rides with good tips is very minimal compared to the bad rides with no tips plus you make less on long trips.
I appreciate your honest take in the ride share gig. I believe there are different ways to handle vehicle use in different ways to be efficient and decrease our costs as an independent contractor driver. You mentioned many issues in owning a car and the associated maintenance costs and depreciation. Renting a car is another option where we remove the maintenance costs of owning a car and pay for the rental costs. I look at my ownership of my car as a tax write off which allows me to reduce my gross income and therefore decrease my tax liability. I look at a 5 year cost to operate my car and the tax offset and I feel that my car is free. Currently owning an efficient EV I feel that I have increased my profits in this rideshare gig.
