Best and Worst Car for Uber Drivers - Daily Drive - Episode 48
Вставка
- Опубліковано 18 чер 2024
- I researched and crunched the numbers to find the best and worst cars for Uber and Lyft Rideshare drives.
------------------------------
⭐️⭐️⭐️ Thank you to Tonquin ⭐️⭐️⭐️
www.tonquin.com/providers
Become an independent delivery provider with Tonquin. Tonquin is easy! You pick up car parts at auto parts stores and deliver them to auto repair shops. Tonquin is busy when rideshare is slow; our busiest hours are 8 am - 2 pm. You work directly with business people that value your time. Let Tonquin know Levi sent you!
⭐️⭐️⭐️ Thank you to Rideshare.tax ⭐️⭐️⭐️
Webinar Sign Up amassociates.zohobackstage.co...
www.rideshare.tax/
Discount Code LEVI for 10% off
They are team of trained and experienced tax professionals working under the leadership of an experienced CPA. Their goal is to make sure that drivers save on taxes with all the possible tax exclusions and credits that we qualify for.
⭐️⭐️⭐️ Thank you to VOOM ⭐️⭐️⭐️
drive.voominsurance.com/?utm_...
Insurance made for Rideshare & Delivery Drivers. Switch from your current auto policy to VOOM and save up to 60% on your car insurance. Available in Colorado, Nevada, Arizona, & Tennessee; and they're expanding to additional states soon!
⭐️⭐️⭐️ Sign up for Thrive for exclusive content and tips: www.tipyouintheapp.com
---------
Join the conversation and community:
Twitter: / levispires
Facebook: / tipyouintheapp
TikTok: / tipyouintheapp
Listen in as I share my insights and tips on turning your driving gig into a thriving business. Remember, you're not alone; we're here to cheer you on every mile of the journey.
Stay safe, drive smart, and keep thriving!
Be safe and keep thriving!
Levi Spires
Good job doing this. The uneducated drivers need to know their actual cost per mile. And what the hidden costs are.
This is a great video.
That switching cost concept you mention is worth remembering. “The best car is usually the one you already have.”
Cars are so expensive!
Smart guy to catch on to that. Switching costs are crazy expensive.
Excellent Video Levi! You gotta great way demonstrating the numbers we live by.
Thank you! Hopefully it helps someone pick a good next car! ❤️
I drive a 2017 Mazda 3. It is affordable gets good gas mileage with the Skyactiv G, and has good black leather interior, and they last. That is my suggestion.
Good car! I loved my Mazda 3.
Been using a 2016 Mazda CX-3 myself. It's been great!
Great video!!👏👏👏
Glad you liked it!
You are the ultimate "bean" counter 😁 Thank you for all the complete information. 👍✌
It's how I do it! 😂
I've seen people doing Uber in 4-door pickup trucks.
There’s a lot in Upstate New York.
I think that’s more than acceptable too. We gotta use the cars we have.
Any rental car is a bad idea, from a guy who rented for 2 years
For highter costs yes, for less work/stress, no!
I rented for 2 months and quickly realized how much it cost.
I agree. If you're a full-time driver, done right, renting could be a good option.
You don't get to use standard mileage deduction on your taxes when you rent which is huge!
@MH-Tesla but you can deduct your rental payment which is just as huge. 400 a week is a good write off.
love the way you broke this down
Thank you! Spreadsheets are easy to make but sometimes hard to explain.
Good video!
Thank you! ❤️
Great information 👍 & respect all the work you put in to break it down for us.
P.s, I feel any V6 V8 Is wrong for rideshare..but that's my opinion.
I agree 100%
Helo Levi. We have to figure out a template on how to Maximize COMFORT and PREMIER.
Agreed! Send me some trips and I’ll adjust the sheet.
The 2010 through 2013 Toyota Prius are known to have engine problems that were corrected in the year 2014 and beyond. If you want to protect yourself from extra costs I recommend getting a 2014 or newer Prius. The purchase and financing increase may be about the same as the repairs but you could potentially get extra years and service out of the purchase in the positive column.
Good point.
Great video! Numbers matter.
I agree1 thank you!
Breaks for your Tesla are over 200,000 miles, not 75000.
Really!? Nice!
My numbers for the Tesla model 3 standard range came to 0.18. I came up less on tires (0.024 for winter tires and 0.018 for all season.) and 0.06 for electricity (67% home change/33% fast charge). But your numbers are really good especially for comparison.
Thank you for checking. Sometimes I get so into my data I make mistakes. 👍🏻❤️
@@tipyouintheapp I didn't think you made mistakes. You have to guess on some things. My numbers have moved around, but now I've done 11 months and 76,000 miles, so that helps me. And I pay cash for cars, so no interest. If I could do it now, I'd probably get a used model 3. Last summer they were not available for less than 36k and new was 38k. Now Hertz dumped like 20,000 on the used market so you can get them for $25000 and still get $4500 tax credit. Oh, and my numbers don't include the tax credit. I ended up getting only $4700. But I didn't factor that into my numbers.
I might get a Civic next. About 40 mpg highway and you don't have to worry about replacing the battery.
Civics are great cars!
For Uber Eats I'm driving a pristine 2003 Benz E500 .. a V8 engine drinks gas fast.. definitely not an ideal Uber car. LOL Too old for ride share but at least it looks new.
I bought a 2007 Volvo for food and grocery delivery. I am in my car 8-13 hours a day and want to be comfortable.
Low cost options begin with the Toyota Prius, it’s hard to beat. Tesla Model 3/Y have staggeringly low running costs. Take care and take money Levi!
No doubt. The Prius is an amazing car for rideshare.
In the Southern California market you really need to qualify for Comfort. Uber X rarely pays above .80 cents/mile. And those older Priuses don't qualify. It's the completely opposite up north in San Francisco. Uber X does still get good paying offers, sometimes even $2/mile. That's unheard of down this way.
@@ShelterDogs We may get offers that pay $2/ mile, but when driving in the city, the average trip is 4 miles and 18 minutes per trip. No matter how you dice it, the pay is low.
@@vanzarockin You’re right. It should increase and hopefully there will be new legislation like up in WA. But I will say this, it seems SF drivers can earn just as much as Seattle drivers. Why is that? I have the Solo app and it shows the numbers.
What tire brand would you recommend?
Tire Rack. I know, that's not your question, but I like the way they rate tires to help shoppers.
EXCELLENT VIDEO!!!
Regarding age of the car (year built) there's a 10-12 year spread to be eligible to drive comfort which can make a big difference in a lot of markets. I hate driving rush hour for many reasons but most passengers are just wanting to get to work or go home and unlikely to tip for a basic UberX. On the other hand I find that if they select Uber Comfort you are getting more pay and more likely to get a tip (win-win). I suppose it also makes a difference where you drive. If I was in NYC or San Francisco I'd go for most economical - either a Prius or for better level rides a Tesla. If you're in SoCal, SE Florida or other parts where the cities stretch out for miles it also makes a difference to go for something that is both economical AND "luxury"/ and this would also be true if you are in a high tourist area.
Thank you! Ultimately, we all have to get a car that we feel is based based on our city, driving habits, and personal desires.
@@tipyouintheapp and as you said also for our personal use.
All I got is rav4 hybrid
That's a great car!
IF you are a 2 car family of necessity, it can make sense (depending on applicable tax law) to use one solely for rideshare or primarily so. Where I live annual income tax deductible depreciation alone is 25%, plus all other costs of ownership times the percentage in km of rideshare use. It does not have to be intensive rideshare. IF you are otherwise in a high income tax bracket and a low mileage driver of that vehicle beyond rideshare, a few hours a day of rideshare availability could make sense. Here, a log book is only required by tax authorities for 3 months once every few years to prove a pattern and is sufficient in the event of a tax audit, provided your usage remains similar. Currently, Uber here offers meaningful discounts for fuel, tyres, EV charging for Gold rated drivers and above, plus halved commission for EVs until June 2025.
About the financing costs, do you only consider the interest? Why not the full amount financed ?
Great question! 👍🏻❤️
I consider the interest and depreciation separate. Interest happens every month. But the principal payments are accounted for in the depreciation.
I also own a 2024 Model Y, using it for rideshare. I did the same with our 2019 Model 3 for the last year I owned it. I know the 7-seater Model Y technically qualifies for XL rides, but you can really only fit a couple 12 year olds in that 3rd row. And if you really are picking up 6 people in that 7-seater, there’s no room left if everyone has a piece of luggage. So I didn’t even bother getting the 7 seat option. I’m curious what your experience is with XL rides in the 7 seater Model Y??? Can you actually make it work for a large group??
I’ve only had 6 passengers once, frat boys.
I agree, the Tesla Y isn’t ideal for XL as compared to a minivan.
@@tipyouintheapp ok, interesting. So have your other XL rides been with only, say, 3-5 rides? That would be certainly doable in the 7 pass Model Y, Or maybe you don’t get many calls for XL rides where you are? I’m in the Albany NY area, did I see that you are in the upstate NY area, as well?? I just discovered your videos and am enjoying them. I like your pace and delivery, keep it up!
Thank you for the kind words! ❤️
I can only do XL with Lyft. Tesla's don't qualify for Uber XL. And I don't do too many Lyft's. My ratio is like 9000 Ubers and 150 Lyfts. 😂
SRT8 requires premium fuel ⛽️ the cost is even higher but fun comparison I drive a 2023 Tesla Model 3 and a 2018 Chevrolet Malibu Hybrid
Wow! Didn't eve see that! Premium fuel for rideshare has to be the worst.
I drove a 2022 Malibu (rented) for 3 months. It was nice.
16:08 53,000 gross fares for the driver and just imagine that Uber probably charged your passengers that year around 105,000 dollars that year😅 fact is that the rideshare are giving on average nowadays 50 percent of the the total fares to drivers.
True. That's about what it was.