Quote:
Originally Posted by k0nr4d
There is no way that $525/mo (assuming 21 days of work per month) per car will cover:
- Deprecation
- Insurance
- Running costs (a $5k car that does the mileage like an uber driver does will need constant repairs).
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For a 5000 auction car? Depreciation on an asset that is 75% depreciated? add on insurance if they don't have their own rideshare insurance. 6k a month and each car will get average 45 k miles average before it gets weak from 70k to 115k. Average daily miles for Uber drivers is 150 miles or 15 months per car. Sell for $1500 and move on. Gross Margin = 40% annually.