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I bought Honda Insight 2019 for uber

Was my decision of buying new Honda Insight for uber considered insane?

  • Yes for sure

    Votes: 198 73.1%
  • Yes

    Votes: 23 8.5%
  • It is hard to say either yes or no

    Votes: 30 11.1%
  • No

    Votes: 15 5.5%
  • No, never

    Votes: 5 1.8%

  • Total voters
    271

TBone

Well-Known Member
I'm 10000% more likely to agree with $8/hr than your $25.

AVERAGE is a crappy stat. If you work 3 days and make $10 $10 and $100 you average income is $40? No. Median is a better value $10 is more likely what you make per day.

No one believes any of the 'I make $x posts'
 

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Christinebitg

Well-Known Member
Are there any advantages of leasing? Doesn't the dealer limit a certain mileage per year? What happens to the car when the leasing period ends?
Potentially there could be a benefit to leasing. But not if you're going to use the IRS figure of 54.5c per mile for your deductions. If you want to track the maintenance costs, etc, and use an "actual" cost figure, then leasing gives you a fixed cost per month for the expense if acquiring the car.

I don't think the dealership limits the mileage on a leased car. But the leasing company effectively does. That's because any mileage over a certain figure when you turn the car back in comes out of your pocket.
 

El Janitor

Well-Known Member
Well unfortunately, a Prius gets excellent gas mileage and all other hybrids claim to have good numbers on paper but from experience the Prius get better mileage then any other hybrid out there. So let's get down to driving for Uber full time. How many miles did you average on your last car per month? Figure you will do about the same. So you have to see what does the owners manual say about services? How often do you have to change the oil, in miles? You will be doing hard driving so for you it will be sooner. Whatever you do do't tell the dealership you're driving the car for Uber, just say you drive alot. ( They can ask you what you do with your car, they may get suspicious of the miles, but you don't have to tell them anything. Don't get me started on dealerships, and the crooked games they play.)

Tires, brakes will be a common expense etc etc. Seriously if you take care of your car it will last and Honda's go well over 200000 miles. If you never get into an accident, you should be fine. I had to replace a few things on the body myself driving for Uber but I know how to fix many things on my own car, which saves me labor. Pot holes, idiot drivers who can't stay in their lane, or that can't read the direction sign in the parking lot, or who are texting and driving or whatever not looking out the windshield while the car is moving. These have always been the biggest hazards I've come across driving.

Just don't neglect any maintenance on the car, and don't get into an accident. Uber doesn't like it when theres a scratch on your car and a rider reports it BTW, they do things like suspend your account until they get proof that the damage doesn't exist or was fixed. ( Ahhh that was fun) But you know I drove for a few fleets before Uber, and there's always some jackass who hits you eventually , and tells you it's your fault, and then when it's a fleet vehicle you may get crap from whoever your boss is. When it's your car, you had better have that deductible in hand, and then the paint never matches perfectly, and you're down a week when it's getting fixed. Oh and a dash cam, a good dash cam in the proper place has saved my ass from crooked people who've hit me and said it was my fault, dash cams don't lie, people do. Dash cams speed along insurance inquires too. Just my experience.

You will have the car for less time if you had just driven it to an office and back daily, but TBH the resale value of a car is a joke, and most people trade out after a few years. A Honda Insight is a nice car, but isn't going to be a collectors car ever, so it's not like you're driving a Civic Type R, ( for UBER LOL) or anything else that may be a car that is sought after in 20 years by collectors. It's going to end up sold used, and eventually end up scrapped and turned into soda cans or other cars one day. So enjoy your car while it lasts, have fun rolling the dice, just have a back up plan in case your car gets totaled.
 
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tohunt4me

Well-Known Member
Yes, I bought a Honda Insight(Hybrid car) Touring package 2019 (Almost $28~29k) for full time Uber and some people might think I'm crazy. However, all the options that I added for this car made me a lot more comfortable if I drive in a high way for a long time.

First, I wanted to get a used Prius that costed about $15k, but I did not want to care about something goes wrong with an used car. Also, even if I pay 15k for used Prius, if something breaks and I begin to spend money, it'll eventually go up to $17~18k. Plus new cars come with the basic warranty + extended warranty.

Would you suggest me to avoid poor cities and not to take drunken people by avoid driving at midnight in the beginning of Uber?
As long as I take passengers from middle or higher class town, I thought it would be safe and keep my car clean.

Was my decision of buying this car for Uber really crazy???
Let me know if my decision was good or bad and I'll be appreciated if I can get some advices from you considering my situations.
Has it been PUKED IN YET ?
 

Wild Boar

New Member
It may seem like a good decision today but in 3 years when you still have 2+ years of payments left and the car has 150k miles on it, you will regret your decision.

Best of Luck.
Newbie3477 Truth is, you won't get the truth on this site, and you won't have three years. Self driving taxis will be in almost every major U.S. city within 2 years.

Welcome to the new car club. Americans bought about 17 Million new cars this year....for an average price of even MORE than you paid.

We all know people who buy new cars. Sure you could save a few bucks by having it pre-worn and potentially damaged....

One of the biggest advantages you have over most of the 17 million that bought a car this year is that YOU CAN OFFSET the costs of that car with UBER!

So yes buying a new _________ is always more expensive than used (insert car, iPhone, clothes, jewelry, spouse, etc...) / but sometimes, you just gotta treat yourself
You do realize these are real people you're talking to, making real life decisions they have to live with for years, right?
 

Alexxx_Uber

Well-Known Member
I’m new member here. I have Honda Insight 2019 as well and I do uber/lyft in my spare time (I have full time job), for about 3 months almost.
The rates are quite low here in NJ. If you are planning to do full time uber/lyft then buying new car doesn’t sound like a good idea. It seems the money gain from driving uber/lyft is not great.
 

UberFizzle

Active Member
Are there any advantages of leasing? Doesn't the dealer limit a certain mileage per year? What happens to the car when the leasing period ends?
Pretty much only lower monthly payments. Yes, leases have a mileage cap, which you will probably hit very fast. When the lease ends, you would probably want to buy it out due to the miles.

There is no way I can do Uber full time. Driving a few hours each week does help to support my frequent travels. Currently there is no family burden for me yet so it is possibly the best time to enjoy life :rolleyes:.
I think it’s great for a part time gig. I do it to unwind from my day job and meet different people.

Does the word *deductible* makes sense at all to anyone? Hello? All of us pay and when it comes to the time that we need help, it is necessary to pay $500 out-of-pocket?
Insurance is a total scam specifically for this reason.
 

Kevin7889

Well-Known Member
Yes, I bought a Honda Insight(Hybrid car) Touring package 2019 (Almost $28~29k) for full time Uber and some people might think I'm crazy. However, all the options that I added for this car made me a lot more comfortable if I drive in a high way for a long time.

First, I wanted to get a used Prius that costed about $15k, but I did not want to care about something goes wrong with an used car. Also, even if I pay 15k for used Prius, if something breaks and I begin to spend money, it'll eventually go up to $17~18k. Plus new cars come with the basic warranty + extended warranty.

Would you suggest me to avoid poor cities and not to take drunken people by avoid driving at midnight in the beginning of Uber?
As long as I take passengers from middle or higher class town, I thought it would be safe and keep my car clean.

Was my decision of buying this car for Uber really crazy???
Let me know if my decision was good or bad and I'll be appreciated if I can get some advices from you considering my situations.
Make sure u save 4 repairs. For every 1000 miles you drive, try 2 save at least 100 dollars.

1000 miles equals 100
2000 miles equals 200
3000 miles equals 300
Etc..
 

jazzapt

Well-Known Member
Well IMO, its not the wisest decision to by a brand new car for Uber. But if you are going to, you cannot go wrong with a Honda or Toyota Hybrid. We have a 2014 Accord Hybrid that is coming up on 100,000. To this day we still average about 45 mpg combined on the thing. And if you don't count the scratches and partially broken side view mirror (all due to my wife's driving), the only thing that it has needed up to this point is new tires. Everything passed with flying colors on it's 90,000 service. It needs nothing at this point.

I would recommend trying to find some more stable employment though. There is a chance that during the period of time you are paying off the car, any of these things could realistically happen:

1) deactivated for something beyond your control
2) your replaced by a self-driving car (this is the least likely, but if Uber had any say, it would be any day now)
3) you lose your ability to drive (accident, drunk driving arrest, etc...)
4) Uber goes under

It's wise to try and make Uber a side-gig at best if you can.

Other than that, enjoy your Insight. It's actually a really nice looking Hybrid and on my radar for the future.
 

BOUNCE DRIVER

Active Member
Now that you have the obligation of a loan get a real job ASAP. Uber is like a Payday loan scam, your earnings will be equal to your expenses combined with depreciation. You get a **little** money in advance but the real cost bite you in the back end, down the road. It is NOT a profitable business. There used to be a very small margin of profit provided by surge and other bonuses. Uber is doing away with any surge for the drivers, although they will continue to charge the passenger surge rates. PLEASE get away from Uber NOW, get a real job. Things to consider, pukers in the car, violence against drivers , a friend of mine was car jacked nearly beaten to death, continuing pay cuts, car accidents..... all for negative earnings!!
 

melusine3

Well-Known Member
Yes, I bought a Honda Insight(Hybrid car) Touring package 2019 (Almost $28~29k) for full time Uber and some people might think I'm crazy. However, all the options that I added for this car made me a lot more comfortable if I drive in a high way for a long time.

First, I wanted to get a used Prius that costed about $15k, but I did not want to care about something goes wrong with an used car. Also, even if I pay 15k for used Prius, if something breaks and I begin to spend money, it'll eventually go up to $17~18k. Plus new cars come with the basic warranty + extended warranty.

Would you suggest me to avoid poor cities and not to take drunken people by avoid driving at midnight in the beginning of Uber?
As long as I take passengers from middle or higher class town, I thought it would be safe and keep my car clean.

Was my decision of buying this car for Uber really crazy???
Let me know if my decision was good or bad and I'll be appreciated if I can get some advices from you considering my situations.
You might find driving for food delivery services a bit easier on your car's wear and tear. Look to Grubhub, Door Dash, etc. Also, stay in school, go for a professional occupation.

avoid hood names, and really focus on learning the different neighborhoods your picking up from, through time you will become very selective. Im not sure how much experience you have but I have 3300 not as many as most, but it took me a while to learn to be selective
I do only start out in the wealthier areas of town, the people are simply more civilized and will be more careful with your car. If I'm ending up in a hood, at the start of the ride I set "last ride" and DO NOT ACCEPT ANOTHER RIDE FROM UBER. Beat it out of that hood as fast as you can. Avoid schools, they're 99% of the time underage riders and that may be illegal in your state/town. Plus, they tend to be short rides and those little f'ers will one star you in a hot minute, just because you can. Avoid colleges too for basically the same reason, but the latter might puke in your car.
 

Darrell Green Fan

Active Member
Why people are afraid to buy a used car is amazing to me, especially considering their new car is instantly a used car once it's driven off the lot. With that said the suggestion that you need to save 10% of your earning for repairs is kind of crazy. I have a 6 year old Civic with 140,000 and the only thing I have put into it have been regular maintenance (oil changes, radiator flush) brakes and tires.
 

melusine3

Well-Known Member
For now, solely on Uber.
Look into a security company called Securitas. It starts out $11 per hour, but for the most part still more than rideshare because you have no expenses other than the gas to get to work.

Honestly a hybrid is not the brightest for this job you should have went full electric in the first year you would have saved the difference of going from 30,000 to 40000.
Full electric is not such a great idea when you don't always have access to a charger. Realtor friend of mine couldn't go out of town to a client because he didn't have enough charge to get there and back to town. At least having a gas option would have made him mobile at any time.

My car is a 2005 Equinox with 115k. I paid $4500 cash (a little high) and after two years I will not be able to Uber it. I Ubered for 6 days (over 3 weeks).

My car payments are $0.
My insurance is $2/day ($60/mo) $12
My gas is about $97.96

My Uber Gross is $134.35

Gross pay - expenses
$134.35 - ($12+$97.96) = $24.39

I hope your market is MUCH busier than mine.

In two years the car should have about 170k-180k. I'll sell it for about $1500-2000. By then I hope to have found a better part time pocket money en devour.
Is your insurance commercial/rideshare?

If the OP had bought a 2016 certified Honda Accord for $15,000 he would get the same or greater powertrain warranty (100k miles/7 years). In three years when the warranty runs out and he sells to get a newer warranteed vehicle, he'd save some $10,000 or more in the avoidable depreciation that came with that hew Honda.

It is simply financial foolishness to purchase a new car to drive for Uber, even ignoring the risk that your Uber career may end tomorrow. Ants hustle Uber for the money, and you arn't close to thinking straight about what you are about, to simply suck up the depreciation coming from a new car.
That warranty might be voidable if they find out you're ubering. Check with the company before you rely on any warranty for your car, it may be a waste of money.

I believe that you royally screwed up. It all depends on the financing fine print . Did you have the cash to pay in full and walk out the door with the title of ownership?. If so, then not so bad. But, if like me, you had to finance the entire purchase thru the deal ship then you have joined the company of damned souls that I entered into a month ago. Does not mean that we are truly damned, but it does mean that we will have to become about the savviest Uber drivers in our local areas. In my case, Uber income aside, I could make the payments with my social security check, and just about pay my other bills with my pension check from the State of Ct - as long as the pension fund does not go totally balls up.
I've said this elsewhere, but don't know if you'll catch my recommendation. Being a senior and having the door slammed in my face right and left, I was happily surprised to be snapped up by a security guard company (Securitas in my case) and LOVE the gig. The pay is $11 per hour, which is far more than I ever made with Uber/Lyft before expenses. Caveat: no drug use and clean record... but otherwise, they want you!
 
Yes, I bought a Honda Insight(Hybrid car) Touring package 2019 (Almost $28~29k) for full time Uber and some people might think I'm crazy. However, all the options that I added for this car made me a lot more comfortable if I drive in a high way for a long time.

First, I wanted to get a used Prius that costed about $15k, but I did not want to care about something goes wrong with an used car. Also, even if I pay 15k for used Prius, if something breaks and I begin to spend money, it'll eventually go up to $17~18k. Plus new cars come with the basic warranty + extended warranty.

Would you suggest me to avoid poor cities and not to take drunken people by avoid driving at midnight in the beginning of Uber?
As long as I take passengers from middle or higher class town, I thought it would be safe and keep my car clean.

Was my decision of buying this car for Uber really crazy???
Let me know if my decision was good or bad and I'll be appreciated if I can get some advices from you considering my situations.
I bought barf bags on Amazon (they are called Emesis Bags). I keep a couple in front of each back seat. Just in case. Because it is nearly impossible to get the stench of vomit out of your car. PS: I think a Kia Soul would be a great Uber car.
 

melusine3

Well-Known Member
Now that you have the obligation of a loan get a real job ASAP. Uber is like a Payday loan scam, your earnings will be equal to your expenses combined with depreciation. You get a **little** money in advance but the real cost bite you in the back end, down the road. It is NOT a profitable business. There used to be a very small margin of profit provided by surge and other bonuses. Uber is doing away with any surge for the drivers, although they will continue to charge the passenger surge rates. PLEASE get away from Uber NOW, get a real job. Things to consider, pukers in the car, violence against drivers , a friend of mine was car jacked nearly beaten to death, continuing pay cuts, car accidents..... all for negative earnings!!
Every Word True!

You spent 30k on a car to drive Uber and limited yourself to 1 Tier (X) in a market where that tier pays .80 cents a mile. ???
In my market, it is .65 per mile.
 
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