[1rightwinger]

My costs are .32 per mile.. ( I don't drive anymore due to the rate drop to $1 per mile) 2016 Kia Sorento SXL V6 AWD. I did not buy it for Uber..

To calculate your cost per mile go to www.artofbeingcheap.com/calculator

And I am speaking about trucks not SUVs

OK, now we are getting somewhere. I used that calculator and I had to estimate the annual cost because I did a different calc but I made it similar and this calculator shows my operating cost to be about $0.202 per mile. my detailed estimate that I had done I came up with about $0.197 actually. I did not put in a number for insurance or prop tax because these are something I pay anyhow to own my vehicle and even if I don't drive for uber I still pay for insurance and prop tax. my calculation I am trying to approximate the extra cost per mile that I drive for uber. So, need to know how much per mile tires cost, oil change, fluid changes, etc. And depreciation which is very low on a used vehicle with higher miles. I bought my Expedition for $5,000. paid cash. It had 165,000 miles on it. I get a lot of compliments on it. great deal. I have no interest and no payments. it is a 2006 expedition. I look on edmunds.com. and put in the details. then I do the calc again on edmunds and put in an extra 100000 miles and the value of the vehicle per Edmunds which is a pretty reliable source for vehicle prices shows the value goes down by about $60. so there you have it depreciation of less than 1/10th of a penny per mile. sounds low but I have reality checked this by watching what similar vehicles sell for with that many miles. you may say that the high miles means it is not going to last or need a lot of repairs....this is arguable but I am staying positive on this because I have taken many vehicles to 300,000 miles without issue and without major repairs. and this SUV runs and drives and handles like it is new. I am confidant I won't have major repairs. Tires are expensive you say...my tire cost is $0.014 per mile and that is conservative ($700/50,000 miles). I recently bought 60,000 mile tires for under $700.

Item cost per miles cost/mile source
gas $1.80 13 0.138 current market cost
oil change (7qts synth blend) $45 3000 0.015 current market cost
transmission flush $120 100000 0.001 current market cost
brake flush $120 100000 0.001 current market cost
tires $700 50000 0.014 current market cost
new brakes $350 70000 0.005 cost of parts, do it yourself
misc, battery, altenator, water pump, etc $500 150000 0.003 cost of parts, do it yourself
other major items (esimated, generous) $4,000 200000 0.020 this is a guessing game, may not even need this.
Depreciation $55 100000 0.001 source: edmunds.com
total vehicle operating cost $0.1987

 

[merkurfan]

You'll never get 50K out of a set of tires on a light truck. having put over 1,000,000 miles on verious fords and chevy's in the city. 25-35K is about it. even for a good set of michelins.

 

[Simon]

OK, now we are getting somewhere. I used that calculator and I had to estimate the annual cost because I did a different calc but I made it similar and this calculator shows my operating cost to be about $0.202 per mile. my detailed estimate that I had done I came up with about $0.197 actually. I did not put in a number for insurance or prop tax because these are something I pay anyhow to own my vehicle and even if I don't drive for uber I still pay for insurance and prop tax. my calculation I am trying to approximate the extra cost per mile that I drive for uber. So, need to know how much per mile tires cost, oil change, fluid changes, etc. And depreciation which is very low on a used vehicle with higher miles. I bought my Expedition for $5,000. paid cash. It had 165,000 miles on it. I get a lot of compliments on it. great deal. I have no interest and no payments. it is a 2006 expedition. I look on edmunds.com. and put in the details. then I do the calc again on edmunds and put in an extra 100000 miles and the value of the vehicle per Edmunds which is a pretty reliable source for vehicle prices shows the value goes down by about $60. so there you have it depreciation of less than 1/10th of a penny per mile. sounds low but I have reality checked this by watching what similar vehicles sell for with that many miles. you may say that the high miles means it is not going to last or need a lot of repairs....this is arguable but I am staying positive on this because I have taken many vehicles to 300,000 miles without issue and without major repairs. and this SUV runs and drives and handles like it is new. I am confidant I won't have major repairs. Tires are expensive you say...my tire cost is $0.014 per mile and that is conservative ($700/50,000 miles). I recently bought 60,000 mile tires for under $700.

Item cost per miles cost/mile source
gas $1.80 13 0.138 current market cost
oil change (7qts synth blend) $45 3000 0.015 current market cost
transmission flush $120 100000 0.001 current market cost
brake flush $120 100000 0.001 current market cost
tires $700 50000 0.014 current market cost
new brakes $350 70000 0.005 cost of parts, do it yourself
misc, battery, altenator, water pump, etc $500 150000 0.003 cost of parts, do it yourself
other major items (esimated, generous) $4,000 200000 0.020 this is a guessing game, may not even need this.
Depreciation $55 100000 0.001 source: edmunds.com
total vehicle operating cost $0.1987

Just be sure to count your dead miles in your cost figures. Also I disagree on tax and insurance.

 

[1rightwinger]

yes, I do count my dead miles in all my calculations. In my earlier post where I showed $74.80 payout in 2 hours and 52 miles driven the 52 miles includes all miles driving including dead.

I do not pay anything extra for vehicle tax and insurance by driving for uber. I have an insurance policy on my vehicle and I have the exact same policy now as I did when I did not drive for Uber. nothing has changed. have had the policy for years and I will always have it if I own the vehicle. regarding taxes you earlier said "property" tax and that is very low here and same thing - I have it anyhow because I own the vehicle. It is not an extra vehicle that I bought just to uber in. therefore these two costs do not add to my operating expense. IF I purchased an extra vehicle just to driver Uber with then yes you would have to count your new insurance policy and your property tax because those would be added expenses that you incurred.

 

[TWO2SEVEN]

if you read as good as you correct one.

I don't have to read all you wrote QUOTE]

So you are going to refute a post without even reading it? Sounds credible..

 

[TWO2SEVEN]

You can type ten thousand words explaining in excruciating detail exactly how you are making money doing ride sharing, and some random nutbag will simply reply that he knows better than you what your financial situation is. It's amazing how these mathematical geniuses are all doing the same job as you, and yet every one of them is going broke doing it.

YES! It is also amazing to me how many people here are concerned with how others do this job. People complain that there are too many drivers in their market and then also complain that people are doing it "wrong". If you want fewer drivers in your market, then let people do it "wrong" and quit.

 

[TWO2SEVEN]

It's not JUST gas that is the cost .. tires for trucks are freaking expensive, engine repairs on trucks are expensive. Brakes are expensive on trucks. And btw you always factor ALL of your expenses regardless if it's a constant or not.

Can you please show me the most recent quotes you have obtained for truck maintenance?

Unless you have a truck and have priced these items out you are just speaking in generalities. Are there more expensive tires on the market that will fit a truck? Yes. Are there also super expensive tires that will fit a luxury sedan? Yes. However, that does not mean those have to be put on either vehicle.

I drive a stock, two wheel drive truck. I use it on something other than pavement maybe three times a year. Therefore, I am not out buying expensive offroad tires. The tires I put on my Mustang a few years back are more expensive than a standard replacement set on my truck.

 

[Grahamcracker]

I am tempted to Uber in my truck. With the EcoBoost engine I can average 20mpg. However, using my wife's Kia that gets 33 mpg and only costs $15 to fill up is a better choice.

There's this guy 3 doors down from me who drives this f150 Raptor for Lyft/Uber. Talking to him, it sounds like he sits around for a while waiting for people trying to go into town.

 

[TWO2SEVEN]

There's this guy 3 doors down from me who drives this f150 Raptor for Lyft/Uber. Talking to him, it sounds like he sits around for a while waiting for people trying to go into town.

If I had a Raptor I would want to be driving it as much as possible.

 

[steveK2016]

My costs are .32 per mile.. ( I don't drive anymore due to the rate drop to $1 per mile) 2016 Kia Sorento SXL V6 AWD. I did not buy it for Uber..

To calculate your cost per mile go to www.artofbeingcheap.com/calculator

And I am speaking about trucks not SUVs

I used the calculator but removed interest rates and insurance, as both of those things I'd be paying without Uber, so those are not the costs of driving Uber.

My costs calculated were $0.156 a mile.

That's an expensive Kia ya got there Simon...

 

[Grahamcracker]

If I had a Raptor I would want to be driving it as much as possible.

Lol, right. custom paint job as well. Looks good. Could you imagine ordering an Uber and this thing rolls up. lmao

 

[Max Weber]

There was a guy with a brand new Ford raptor doing lyft in sf but I haven't seen him around for about a year now. think he called it quits! I think some people are just doing it for fun.

 

[merkurfan]

There was a guy with a brand new Ford raptor doing lyft in sf but I haven't seen him around for about a year now. think he called it quits! I think some people are just doing it for fun.

well it sure ain't to get rich.

 

[Peanut hello]

There was a guy with a brand new Ford raptor doing lyft in sf but I haven't seen him around for about a year now. think he called it quits! I think some people are just doing it for fun.

Voluptuous truck for rideshare? he wont last long, with alot of short runs , he wont make it.

 

[Matty760]

AS the first person to drive a truck for Uber I can say it was about time when they finally had the option to add a truck. Due to events from my prior Job I started driving Lyft with my 2014 RAM 1500 crew cab so I can bring in some money while I looked for a new job. I was surprised to see that Uber didnt want any trucks at all on the platform reason being that its a truck and its not a car that can carry passengers.. after many emails and one uber recruiter that finally talked to corporate, I had my Truck added manually into the system here in the Palm Springs area. So not only was I the first truck driver for Lyft in my area but also the first truck driver for Uber in general. Unfortunately it was right after Coachella festival that I got my truck on Uber, but at least I was able to drive with lyft and made a killing! I got so many tips since I was a truck with lots of room! But may 2015 is when I was finally added to Uber with my truck. I now see many others that have followed in my tire tracks and are using trucks now as well. I only drove if the rate was no lower than $1.40 a mile and mostly drive when it was surging. NYE i made over $1,000 for only 4 hours driving and using half a tank of gas. So those who use trucks to drive should already know to only drive while it surges... Ive now moved on from the truck and got me a Dodge Durango and can now do XL rides which is awesome! I miss the truck but I do a bit better in the DD (Dodge Durango). Im happy though to have started the truck platform on Uber! I just kept tweeting them and emailing them saying hey look at my crew cab truck... I can carry 4 passengers as well and have more room so why not approve me!

 

[Taurus1980Baby]

I saw a truck with uber decals here in San Diego too a few days ago. It was 4 door with a covered back.

 

[Dback2004]

I have my truck - 2014 Sierra 1/4 ton 4x4 on my Uber account. I rarely use it, use my cheap Corolla most of the time for obvious reasons. There are 2 advantages to having the truck on the account:
1) Iowa (farming state) gives registration discounts for "business-use" trucks
2) During snowstorms when most of the drivers all stay home and it's surging through the roof I can take the 4-wheel drive out and make decent fares

 

[Simon]

Can you please show me the most recent quotes you have obtained for truck maintenance?

Unless you have a truck and have priced these items out you are just speaking in generalities. Are there more expensive tires on the market that will fit a truck? Yes. Are there also super expensive tires that will fit a luxury sedan? Yes. However, that does not mean those have to be put on either vehicle.

I drive a stock, two wheel drive truck. I use it on something other than pavement maybe three times a year. Therefore, I am not out buying expensive offroad tires. The tires I put on my Mustang a few years back are more expensive than a standard replacement set on my truck.

Standard truck tires are more expensive than standard car tires. Get real with your numbers and you will eliminate the disappointment when the Uber Honeymoon period ends. (Takes longer for some)

 

[Simon]

I used the calculator but removed interest rates and insurance, as both of those things I'd be paying without Uber, so those are not the costs of driving Uber.

My costs calculated were $0.156 a mile.

That's an expensive Kia ya got there Simon...

I add them anyway (insurance and taxes) but if your part time I guess you can omit them. But if your full time then it must be added.

 

[Simon]

I used the calculator but removed interest rates and insurance, as both of those things I'd be paying without Uber, so those are not the costs of driving Uber.

My costs calculated were $0.156 a mile.

That's an expensive Kia ya got there Simon...

Also mark down your miles when you start then when your done. Multiply that by your .15 that will be your cost for the night. Subtract that from your after Uber fee take for the night. That is your profit. If you want to divide that by hours worked. ( This is a profit based business so really you should not look at it as an hourly pay)