NYC appears lucrative but realize I rent a car with the proper plates and insurance at a cost of $400 a week, you basically start the week in a hole. You could always look into TLC plates for your car but its kind of old and terrible on gas compared to the Camrys and Sonatas that are pretty much the UberX car of choice in NYC. Plus it has to be in good shape to pass TLC inspection in NYC.Thanks marcusguber that was very helpful. Uber market in Orlando is one of the worst.the rates r really low and a lot of dead miles.I'm eying NYC and San Francisco. One of them hopefully. Just driving wise I believe new York could b a bit challenging at the beginning.thanks again.
This is the main thing OP should be concerned about. OP remember that Uber not only drops the rates but they do so with barely 24 hrs advance notice. That's how they did it here last January. If you are a single guy moving to NYC with no debt, yes you can afford a small apartment in the outer boroughs, or just a bedroom in some parts of Manhattan. But if they cut the rates further even that will be tough. That's why I hesitate to tell people to jump right into it.Are you looking to move somewhere with the main reason to move being uber? If that's the case you will run out of places to move since uber is on a race to the bottom with rates....and $1.75/mile is not really $1.75/mile
As Ringo Starr said: It don't come easy.At last count there's about 150k TLC licensee's and most have kicked goober
in the @ss to move on to other things and there's a 100+ cabs on every block,
even though the TLC exam could be passed by a 4th grade dropout it's still
somehow very hard for a lot of people, reasons unknown the whole process
takes about 3 months, factoring in the cost of living the $$$ hyped by Goober
is about the same as working 2 min wage jobs off the books
Here's a list of cuts out of what you earn: Goober's fee 25% to 28%
Black car fund 2.25%
Sales Tax 8.15%
City Tax ?
State Tax ?
Federal Tax ?
NYPD's cut ? alternative for not paying is suspension/revocation/jail
TLC's cut ? suspension/revocation/double to triple fines aka shut up
and pay or plead your case and pay more
So right out of the gate take out 35.4% at the very least then the rest of the expenses
you will find out tax filing time or when you know what the game is all about here
in NY after 12 months, there's a guy on FB who's actually a Goober recruiter/launcher
posing as a Goober driver he's always posting how much he earns and all the Nubers
lap it up and think it's true