Quote:
Originally Posted by ilnjscb
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.
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It's still the worst idea I have ever heard, but, it makes more sense when you expounded a bit on what you had in mind.
Still the worst idea, sorry
