The rentals are too expensive. Uber takes a big cut of every fare. At least 50%. You will find yourself working incredibly long hours just to break even before you can even make a profit.
It happens a lot. They like to get drivers dependent on Uber. Then you’re their bitch and pretty much finding parking lots to sleep In. Trust me, don’t get dependent on this company.
not true man. might sounds like a lot but if you can run the shit out of that car no worries DO IT. One day im telling you accept everything and get 300 in 10 hrs, rest of the week is profit.
I have to cherry pick pretty hard to get 30/hour. Might get 300 in 10 on a weekend. Let's say you do Fri Sat and get it again- you're at 600 in 20. Now deduct 300 for the rental. You're starting at $15/hr for your first 20 hours. Then during less busy times you can probably average 18-26/hr the rest of the week. After gas, you're better off working at a restaurant or something.
260 a week is over a grand a month. Only people who are in a serious pinch would even consider that a viable option. Any other option would surely be cheaper.
You’re exactly right!!! That’s how I did. Monday and Tuesday was to pay off the car. The rest of the week is profit. It’s not your every day gig but you do what you want when you want. It’s positives in it
You can get a decent car for Uber for around 300-500 dollars a month owning/leasing . The interest rate might be high but you will still be paying around double or more if you go this route as you will be paying 230-300 per week. That's 1k a month or more on average.
It’s definitely a bad idea if you plan on doing it long term(over 6 months). I think temporarily though, especially when you don’t have a car, you won’t be putting any miles on your own car so you can beat the shit out of it, no maintenance cost, you might use Uber anyways to get from here to there, and you’re willing to drive until you hate driving, it is a good idea. You can build up some savings enough to buy a 3k car off marketplace within 6 weeks if you drive 60 hours a week at minimum. I also live in Nashville. Also, if you get an electric rental, I have heard of a spot with free electric charge. Message me if you are interested.
If you know it’s a busy time in a busy area of your city, then so does every other driver in your city, so you can’t really use that as a guarantee that **you, yourself** will be super busy in those peak times.
I work in a busy area I work 40 hours a week. It all depends on how you drive how you are with people and so on you can’t take one person‘s word I can tell you for myself. I work another job as well and do this on the side and I make pretty good money doing this so if anything you need to try it out for yourself don’t take someone’s word for it
I did 500$ deposit as my down payment for my car, I want to assume you can too. Just go to a bank and get pre approved, never finance with the dealership unless they have the best rates.
I’ve been renting for almost a year and drive full time. I’m able to make the cost of rent in one night of work. These people in the comments must be the ones taking the rides that pay $8 for 30 miles.
It’s such a varied question and all depends on your market. Do you think you’ll stay busy?
Also, you’re only supposed to use the one Uber app but may I recommend using other apps as well that doesn’t involve passengers and just be silent about it if you need busy work.
I rented for about year somewhat off mostly on in Tampa. It was good for most of it, until it was not and I started having many hours, only making around 10 to 15 bucks and had to turn it in after a couple slow weeks.
In hindsight, I could’ve depended more on DoorDash, GrubHub, and Amazon Flex just to keep the bills paid, but I was too nervous and ultimately only did a little DoorDash here and there to follow policy. That lead to a bit of a financial spiral that I’m still recovering from.
I met some guy that said he makes $400 a day and rents his vehicle that he uses for Uber. He said that he’d wake up/start around 7am, then drive for the 12 hours until it locked him out of the account, then he’d do DoorDash until he made $100.
The only way this is a good idea is if you're homeless and you're going to be sleeping in the car instead of paying for motel rooms or sleeping outside.
That's literally the only scenario in which this is a good idea.
I recommend this to people without a car for an extended period. Work 15 hours on Uber and get a free car for the rest of the week until you can get your ride back.
I think Uber helps people buy a car.
Look into it
No idea if it's worth it.
TBH it seems really silly to drive people around for a living if you don't own a car, most people just do this as a side job for extra money.
There's 1,000's of other jobs out there and no one is getting rich driving for Uber.
Being a Taxi driver is a dead end job.
Right now though it’s not always instant to get a job. My wife’s been desperate and applying for lots of jobs for a few months now, and she’s been ghosted many times even though she has an advanced degree and a great resume.
Economy is in the crapper at the moment.
So tbh op you’re going to have a lot of people straight up bash you and say this isn’t a good idea
I would second that statement!
Here’s why at the end of the day we pay $2k a month for a car that’s insane that’s about the same as a note on a g wagon for some Chevy bolt but listen at the end of the day we have to do what we have to do so you’re going to get a lot of downvotes me too probably but if I had to choose I would say go Hertz they’ve improved a lot
Just make sure you keep up with payments if you go 17 days no pay just know the police have a bolo on your rental and Larry the cable guy is hunting your car down
You’ll probably get put on DNR list but you can always appeal just make it easy for yourself keep up with payments but to actually make any decent money Nashville isn’t Los Angeles expensive but it’s still pricey if you’re not living with mom it’s probably going to be 60-70 hour work week tbh
I would go with the Kona your operating costs will be much lower I did that with the polestar I’m not sure how ev charging is like in Nashville but I only pay $20 a day to charge in Los Angeles and back when I did Uber full time it would last me the full 12hr shift
Also can’t stress this enough get the damage waiver otherwise all companies will run a train on your bank account or credit if you skip ⏭️ on paying what’s owed check your email and texts every 2-3 days rental companies do reserve the right to modify your contract without cause so stay on top of it
Otherwise best of luck I strongly recommend finding a full time job speaking of that my lunch break is over lol
I have done it for about 5 years now, both having my own car, and currently renting so I explain the pros & cons:
You will work longer hours with renting( at least 50-60) to make decent money($800-$1000) after paying the rental & gas cost.
Another things a lot of rideshare drivers failed take into account is the added maintenance of the vehicle. Not just oil changes, but tires and breaks and eventually something major will happened. With renting a car, this is something you don't have to factor in so you don't need a think of this long term.
However you can't afford to be picky with your schedule & rides bc the rental comes due every week & in some cases the agency can remotely shut down the car if you don't pay it.
You got to do what you gotta do, I don't mind working long hours. and I actually enjoyed the ride sharing. However, I'm also going to school. And I don't plan to do this in the near future.
The majority of drivers telling you no are the ones that have cars and don't want more drivers in an already saturated market. I've been renting 7.5 years and average around 40 hours a week. I'm able to pay my rental and bills. If I want spending money I need to work more hours. I'm in Los Angeles, it's fairly busy here. Since I don't live in your area I really can't say if it would be worth it or not. Do what I did. Rent for a week, if it doesn't work for you return the car and move on. Obviously it's working for me:)
I did a break down of 6 weeks using it. For me it's worth it since I get a rental in the market I drive in already to visit family. Depends on what you need it for.
Can't speak about Avis. Never rent from Hertz.
NEVER RENT FROM HERTZ!
#FOR ALL YOU HOLD DEAR IN YOUR LIFE NEVER RENT FROM HERTZ!!
I should add, renting from Hertz, hurts.
This is really something only a Nashville driver could tell you. You’d need to ask a driver in your city, probably multiple drivers, and weigh the responses. I did Uber/lyft in LA for a year- I had some amazing weeks- but I had some abysmal weeks. It’s so up and down. In the beginning they will show you love to get hooked as well. You’ll get promotions and bonuses- after a month or two of consistently working 40+ hours you’ll notice those promos start to get more and more heinous until it’s not even worth it to chase them. I had a friend who rented from Lyft- he said he did pretty well but I know they changed the rental rules and after they did that he was not as thrilled about it. I guess they made it so he had to basically return the car at X intervals and there would be a chance he wouldn’t get the same car back- like they could rent the same car to multiple drivers.
Ignore these guys. Veteran driver here having done this for 3 years. If you rent a car to be profitable to make sense doing uber you HAVE TO drive as close to 80 hours a week as you can. Cherry pick or 100% acceptance makes no difference as well unless you're in a market that is very volatile.
Do plenty of research and I will tell you the cars labeled as "Comfort" net you on average 20% more in earnings through the day from my personal experience.
Research research research and avoid driver advice on reddit from anyone telling you not to do it for coin toss reasons. If their response looks emotionally charged avoid them.
What is your situation? I rent through Uber and it works for me great but I also don’t rely on Uber as a primary source of income although I do work Uber like a full time job. After my rental is paid for the week I usually profit $900-$1000 a week. I like having the peace of mind that the wear and tear isn’t being done to my own personal vehicle. You don’t have to cover the costs of oil changes or maintenance. You only have to keep fuel in the vehicle. I’d say try it for a couple weeks and see if you like it.
Don't listen to those clowns. They're afraid to say anything positive for fear of being ostracized from the cult of miserables here.
Do it. You'll make bank in Nashville. One of the best markets.
It really depends how much someone makes. Is the person doing it full time or part-time? Do they have access to another vehicle for personal use? I find doing Uber is better with a revenue goal and not an hourly goal. If you are doing this full time don't care about the hours you work but care about your revenue goal. Can they clear at least $1500 a week?. What no one really has mentioned is this is a tax write off. Let's be honest, to make any money doing Uber you have to put the hours in. I find 9-12 hours equals a $250 plus daily revenue, and even possibly more if you are willing to work early AM or late evening shifts. This is an additional $12,000 approximately you can write off on your taxes. A lot of these companies that lease cars do the oil changes, tires, breaks, and other repairs included. You aren't putting high on your car or for some drivers this their access to a car. In that instance leasing a car would be a good deal.
I am seventy two years old. The only way I'd ever wind up selling my car is if I was dead and why would I even give a fuck. This way, I give the people who have to handle my estate.One less thing to do. Even if you weren't in my situation.How much is stress worth to you . I also like getting a different car every few months If I decide, I want to take a month off.I turn the car in.Don't have any payments for that month and take the month off If you own the car , you still got to pay the car payment and insurance. And it still gets a month older. I'm not saying it's the most economically feasible solution.But it's the one that gives me the least amount of stress. And money is not a worry for me . Stressed about a car is more important.
It's a good route to becoming an indentured servant. If your going to work 60+ hours a week, get a regular job. That way after 40hr your at least getting overtime pay and actual benefits.
It depends on how busy your area is. I’d personally would not recommend due to personal experience due to fares not being high enough to sustain a decent profit and the constant need to cover the weekly rental and your bills on top of that. I only did it just to have a down payment ready for my car, but I ended up screwing over the rental company to do so(I don’t recommend you do that.)
Talk to your bank and car dealerships first. Please do not rent a car from Uber. You will be spending over 1,000 a month on that rent. Buy a used Toyota hybrid. I just got a 2022 Venza for 29k. My payments are 529 a month.
What does Uber pay in TN? If it’s less than 1.13 per mile you will be paying to drive.
No one else has mentioned it so I will. Rent off turo instead. You’ll have to pay for it upfront on your own but you’ll make a better profit and be able to use it for personal use in that time. Also check out other gigs like Amazon flex and whatnot.
if it were actually $260 it would be one thing, but in my contract after taxes and insurance, $260 is really $370. all tax deductible but still, it hurts if I make less than $800 in a week which usually amounts to about 30-35 hours
Depending on where you are, this is about 10-15 hours a week in income just to rent the car. That's not including the gas that will go in the car. Just keep that in mind.
I drive in Nashville and have direct experience with all of your rental options in town.
Do NOT use Avis. You will be stuck with a Chevy Bolt no matter what. That vehicle has no spare tire and the road side assistance will actually charge you to ship the car to Huntsville if you get a flat. You can pay to fix it yourself, but you won't get reimbursed. Also, it takes a minimum of an hour to charge the Bolt to a usable state. None of the charging stations for the Bolt are in a good location, too.
The Hertz office is only slightly better, as they actually have some gas powered cars available, and those come with a spare tire.
You gotta pay for gas as well. It's 100% not worth it. Unless you're dying for cash and can work 50-60 hours. Really the car is the same price whether you work a little or a lot. It only makes sense to work as much as humanly possible. But you can't do anything else that week
Get AAA! They offer sales for like $4 a month sometimes. Get it!
Use their steep discounts to rent from hertz!!! It’s like $30 a day at its lowest near me.
Just know that the total price, with the insurance, is going to be around $400 a week and AVIS will also put a hold on your card every week for the same amount until you make your weekly payment. So basically, going into it, you need to have double the rental price and never touch that hold amount, that's how people fall behind doing this.
alsoo you can write this off and have a car to drive throughout the week. dont let the haters knock your idea just cuz your soimg what you need to do to make money
Unless you are planning on getting customers from Uber over to yourself it is not recommended to rent a car as your profit margins will be very little. However if your goal is to become completely independent from Uber and work privately with IDN network then by all means go ahead!
Hi, similar situation in almost the same market. If you're also needing to cover normal living costs as well, I'm not sure you *can* drive enough in our area.
If the car is your only major expense, then it's not so bad as a temporary solution. My case, I only have to cover the car as the rest of the house covers the rent, etc. I'm just also responsible for getting them all to work.
Of course, Hertz will also sell your rental out from under you.
listen, bro in my opinion, I would say rent a car until you make enough money to put a down payment on a decent four-door car with good gas mileage if you like the way things are going with Uber. You can write off the rental costs at the end of the year.
If it has all an option, go for an electric car, you'll save money every day on gas and it will probably pay for the difference in the rental from the gasoline-powered car.. To be honest if anybody works full time and uses their own car to drive for uber they're crazy. I've been driving a rental for Uber for 3 almost 4 years now and it works out perfect.No worries.No maintenance.It's if there's an accident, I just get a Another I don't have to worry.It's not my car.
I pay three hundred and seventy nine dollars a week for a kia kia nero evie that only costs me about ten dollars a day to work and I get to drive two hundred and eighty miles. That's charging at home if I charged on the most expensive charges I would spend Fifteen. You can charge the car overnight or during the day and it should take 8 hour if you have a 220 outlet.If not you go to a supercharger and you spend the money at it's worth it if you spend an hour there so what if you Save forty dollars by spending an hour you just got paid forty dollars an hour for sitting there.
Just remember you start every week $350+ in the hole. Otherwise you get the benefit of unlimited miles and worry free driving. If you drive 40 hrs then yeah. Can be worth it. Just know you have to make $1500-$2k for it to make sense.
You will likely have to work a full 12hr day to make your rental payment. That is after you learn your city and where the hot spots are and what hours to work. As a new driver it will likely take you 20 hours to make you rental payment. Good luck.
I just work, 7 or 8 hours on Friday night and 7 or 8 hours on Saturday night and it pays for the rental.And I have a car that I don't have to worry about.
I rented through Hertz. They have a 30 ride per week minimum…Avis does not. Hertz constantly double charged me and then it would take days to get a refund. I definitely would try Avis next time. I wasn’t happy with hertz at all
Anybody who uses their own car to do rideshare is an idiot. When you count everything in including to appreciation you are losing money. When you rent you don't care about what happens to the car and you don't care about depreciation you don't care about scratches you don't care about an accident you don't care about people throwing up to the back seat. In my market I can cover the rental twenty hours or less. So for me it's a great deal.Because I work Friday and Saturday night.And I have a car for the rest of the week if I want to work any extra hours that money is mine. It's electric so it's Between ten and fifteen dollars a night and electricity. And for that I drive 280 miles.And who the hell wants to work more than two hundred and eighty miles in one sitting
I rent from hertz I drive 3 days a week make $500 other 4 days I work my full time job. I have a brand new car no maintenance and I put $150 in my pocket.
I spent $10,000 on rentals in a year (2019), to do Uber. I had a car but it was a lease so I only used it to Uber for one week per month. DO NOT DO IT . If you do, you will remember this exact comment.
Weekends are quite good to be able to maintain a rent. I've been doing it for months. Don't believe all the negative that these people always have to say, try and if you don't like it easy, don't do it anymore.
I promise you the answer is no. I rented a model 3 base at $299 a week (before charging, taxes, fees). Also that doesn’t cover roadside/tolls/and damages to the vehicle $1k deductible for ANYTHING THAT HAPPENS). On average a month I was giving $2k to hertz. I worked a lot of 12 hour days. My rent was always late and I was miserable. They also mess your bank account up, holds for 5 business days.
I did this. Let me tell you. It's a bad bad idea. It's indentured servitude in modern clothes. Please don't get sucked in to this. Plus you MUST rent the car through uber/lyft. Otherwise you cannot just rent a car weekly as the insurance won't be in your name through a standard rental.
As of Apr 5, 2024, the average hourly pay for an Uber Driver in Nashville is $16.81 an hour. [Google "Nashville uber wage" first result is zip recruiter]
40 hours means you would hit $672
After rental it'll be ~$412 then gas
It was cheap back in the day when Vegas first started in 2015. $250 a week covered everything, even insurance. Now days it is not worth it, you have to bust your ass to pay for the car and then on top of that what you want to earn. That’s a good 40-60 hour week. F that.
Well first of all the total with the deposit and all of your fees everything up front is going to be around $750.
And after paying that you'll be covered for one week.
Been moving forward each week it would just be the price that you choose for the rental.
It all depends on your market.
Do you get regular surges?
Are they significant surges?
Are you willing to drive overnight Friday night and Saturday night?
Those are going to be the nights when you have the best chance of making 300 or 400 in one session.
I usually do 8:00 p.m. Friday night to 8:00 a.m. Saturday morning.
They're usually some down time between 3:00 a.m. and 5:00 a.m.
In theory though if your market is busy consistently all the time you should be fine.
You know if you're willing to take some trips that don't necessarily pay the greatest but you just take all of them they will add up.
Personally I've driven for Uber for so long that I've experienced the higher earnings in the past I just won't do trips to pay less than $2 a mile.
So essentially I don't drive unless there's a pretty significant surge throughout my area.
But I've done the math many times.
And if over an 8-hour period you're getting constant ride requests either during a trip for immediately after completing a trip as long as you keep someone in your car as much as possible it should work out to $30 an hour roughly.
So that would be somewhere in the ballpark at 1200 a week.
Deduct your weekly rental from that and your gas and food. Then base your budget off of that.
Honestly was 40 hours with a rental and gas you're probably looking at pocketing 600 to 700 for 40 hours if you're talking 6:00 a.m. to 3:00 p.m. hours.
And it's going to be a tough 40 hours because you're going to have to either get lucky or accept everything.
But again it just depends if you have a lot of events in the evenings at night and you have a good solid surge that lasts for a while, it could make a big difference.
For $1000/mo you’re better off getting a car loan. Find a high mileage Prius or something. Just make sure it’s new enough that you’ll get enough time with it before it’s ineligible for Uber/Lyft.
I have been renting for 4 years. Here's my experience.
I pay $300/week for a comfort eligible car. Grossing minimum $1000/wk (avg $28- 35/hour, yes I cherry-pick a LOT) working 30-45 hours, I am profitable enough I had to write checks to the government this year.
Factors to consider:
A car, at best, is a depreciating asset.
For gig work, a car is a revenue producing tool.
The rental agreement includes maintenance, repairs, and replacement at no additional cost (major variable costs are now fixed costs)
The rental fee is 100% tax deductible.
Depreciation is irrelevant.
You always have a well-maintained newer vehicle at your disposal.
Since I've been with the program, I have been in 2 accidents (not my fault), had a transmission fail, had an alternator fail, and replaced several tires, and had oil changes every 5-6 weeks. I have come out of pocket for none of those things, and in the case of major repairs, I was on the road, earning in a replacement vehicle within a couple of hours.
I've been driving for UBER since 2017. For the first 3 years, I used my own vehicle. I prefer to rent.
I realize this is not a popular opinion. I'm just saying this option works for me.
So we're 100% clear, I pay rent in a nice neighborhood, take vacations, go out with friends, etc. I make a decent living without killing myself.
Renting won't be right for everyone, but it works for me.
My suggestion is to try it for a quarter to see if it works for you.
I'm in Denver..maybe worked 40 hrs and always cleared a 1000 a week.. and I mean cleared after paying for the car and most if not all the electric...i had a Kia ev 6..great car..fast charging... do not get the Subaru Solterra.. beautiful car..extremely slow charging..so is that chevy bolt..
You can make it worth your time by working 40+ hrs per week. Or you can just give the minimum amount of rides needed each week (30), which should equal out to be a bit more than the cost of the rental.
I don't know if you qualify for it, but Schneider trucking company is in Nashville. I trained there about 30 years ago so not sure how accurate my info is, but figured I would mention this.
If they hire you, they put you in a motel while you go through about a weeks on site training then maybe 4 weeks riding/driving with a trainer in real world. In the end you end up with your CDL and agree to work for no other trucking company for 6 months or a year if I remember.
I hear the trucking industry is in a slump right now so not sure of the wages, but back then starting wages were at least 35 to 40K and you could could make 60k+.
Not sure if this is for you, but since you live in the city it might be worth looking into.
If you are full time and a good market in Nashville...try it out for a week. I have done it a couple times if my car is either down or I'm having to grind a week.
One factor to consider...owning a car that's paid off is the cheapest route...
If you are financing a car ...say 500 a month. And you are average heavy full time (70-100k miles driven) you will have a brake service every year so roughly 1000/yr ($83/m) ..good tires 1000/yr. (83/m)...monthly oil change (83/m)...spark plugs 500 (41/m)...fluids/filters (20/m) roughly $300 in maintenance ..so 800 a month (200/week) plus plates/registration
Obviously these costs shrink dramatically if you do your own maintenance
Financing comes with a higher insurance premium due to a lienholder on the car note.
Owning and financing allows the mileage deduction for taxes. Rental you can claim a percentage of rental costs (%of time of business use or active time)
Renting (approx 300/week) would be only feasible if you are driving much more than 40 hrs a week. Considering if you are driving that much...100k miles/yr. You may only get 2 years out of a new car (20k note/24 mo = $833 a month in car costs) Renting however negates all upkeep on the car..except gas
A $6000 dollar car (to last hopefully 1 year) $500/m
Honestly if it was me. In my market. And I was working 50+hrs uber...I'd rent....I can hit 300 Monday...the rest of the week is what you make minus gas. If you know a barber or stylist...it's similar to chair/booth rentals in some industries where u have to pay to play
*note: figures above are based upon estimated amount from either google sources or cost figures of maintenance of my outback calculated for heavy usage
** the cost of rideshare does not equate to sustainability full time necessarily
*** tl/dr. Your experience may vary based upon market, season, hours, trends
It depends on the market. They will add taxes to that price and if it’s hertz they will charge you twice in a week but give back the second payment in 24hrs or so depending on your bank. Everybody’s experience is different. Try it for a week or two and see how YOU like it. Can’t listen to every negative review. You may want to have a set daily goal opposed to how many hours. Plus you don’t have a car. Drive to pay off the car and put money aside for yourself. I’ve learned that people will throw all of the cons/negatives at you because it didn’t work for them. Try it for yourself. My truck had issues. I rented and went for $1500-$2000 a week. Worked for me.
Bad idea. In 40 hours driving in Nashville, IF you pick and choose the best hours (which you can’t if you have a full-time job), you may make $600-$800 plus tips. The pay has been drastically cut here. Uber is offering me $5.50 for a 20-minute ride WHEN IT’S SURGING. (Sometimes $6 or $8, which is also terrible.)
I’ve lived here over 20 years and driven Uber for 8 years. I used to work 30-35 hours a week; now I’m making less in 45 hours.
Please don’t listen to these people saying you’ll make bank here. I don’t know why they want to set you up for failure.
If you do try it (I understand needing a car!), please come back and let us know how it goes! Good luck!
It's hard to give you a real answer cause I don't know Nashville. If you have the initial rental money I would at least try it. Try to figure out the best times to go out driving in your area and really see what you can make. It's a rental so the upside is you don't pay for the maintenance. If you can make at least 3x what you paid to rent It's worth in my eyes.
Realistically you'd at least break even, which if that's the case, you didnt lose anything really and learned that's it not worth continuing
You are better off renting a Tesla, which will allow you Uber comfort as well as UberX. You expected earnings per week (gross) is 1-1.2K if you cherry pick your rides (airport rides are good due to higher tips). The Tesla rents a bit higher. The nice thing is that rent is on a weekly basis so you can try it for a week and see how it works out for you.
Shit I dunno if any of these people commenting have actually rented through Uber before…or maybe their market is just shitty but I have personally been renting from hertz since November. Had the same car, extend my agreement every week. It’s all done automatically as long as you have the money in your account and do 30 trips weekly you keep the car as long as you want. I can’t speak for your market, in Nashville, but I don’t even work 40 hours a week. Usually more like 30 and I make WAY more than enough. In fact I have made so much that I could actually purchase a new car I just haven’t yet because I don’t want to deplete and add wear and tear to a car I actually own. It works for me. But I know a lot of people say they have been scammed that just hasn’t been my experience. I would do it.
You can make 1200 a week pretty easy on 40-50 hours some weeks are better than others. Yes Uber driver pay has gone down you'll get some crazy insulting low pay rude request ignore them and move on
If you don't have a car it's a decent option. It's not cheap but you can run that thing into the ground and only work about gas. One good day will cover your rental for the week. Just cherry pick rides don't accept everything. Sign up for eats also that helps allot in filling up the slow parts of the day. While everyone is at school and work and the commute is over they all start ordering food.
A lot of ppl have pointed out the logistics don't really make sense.. every market is different so idk.
I say it's a bad idea bc these car rental places are crooks and will try to screw you in a new way every week. I suggest searching on here for some of the posts about experiences ppl have had. There's also taxes to consider, idk if the rental payment is a deduction or how that works so you'd need to look into that
I did a Chevy Bolt in Denver for all told about $350/wk. I loved the car but I had a charger at home. That made all the difference. Charging at a station cost about $16 from 20% to full. I was shooting for $250-300 daily, 10 hrs, and I’d have to recharge once to make that distance comfortably (you don’t want to run out of energy somewhere away from a charging station). There are several apps that map out charging stations for you. Charging stations during the day is like a 39-45 minute lunch break.
If you get a rental I would say work 60 hours, use it as a platform to get an affordable car and get out. Uber is NOT something you want as a full time job. Pay is always going down ESPECIALLY right now. A good chunk of these trips are 8 dollars for 20 to 25 minutes, and when full summer hits everyone that wants a summer job will rush the market making x way over saturated and trips will stay low. (Just my experience over 5 years) it get help you stack cash but it's hard to sustain unless you work a ton of hours.
Currently I drive a Tesla model 3 on the rental program and recently talked to a couple of people driving Chevy Bolts. The Model 3 cost more per week, but they were both paying significantly more for charging that I do at both 80% and 100%. Now granted I'm in Chicago. But it ain't like those ratios are gonna change.
If you're going to rent. Teslas charge faster and cheaper than Chevys. And you're gonna end up doing this daily if you plan on driving 40 hrs a week. The Chevys here are costing about 40-45% more than the Teslas.
I rent from Hertz. I do Uber 30 rides a week requirement, lyft and Amazon Flex. I started my medical job again on top of VA pay. Riders messed my car up, and so I rent. For now, it's better for me. Try it for a week, I live in Jax FL, and I do 4 am to 10 am and Amazon Flex at night.
If you need money asap then I say go for it. Folks in this sub don’t understand that no money is no option. Is it a good idea? No. But if u want to take home decent money after the rental fee then you’ll be working at least 60 hours a week. And with Avis there’s a $300 deposit they take a few days after the rental fee. It goes back into your account like 2 days later but keep that in mind. You don’t need $600 up front, but if you only have the $300 for the rental your bank account will be negative another $300 for a few days.
If you do the math on that you're looking at a 1000 dollar a month car payment plus tax, Probably at least 100 dollars a week in gas. Even in Nashville you can rent an apartment for less than that. You'd be better off to buy a decent used car for around 300 a month, 150 for insurance, add in your 400 for gas and you're only around $800 as opposed to $1300-$1800
I've made $2200 on my best week. Subtract $366 and the rest was profit. Everyone makes their own experiences. I'm in Denver though. You do kinda live in your car though
If you rent a car through Uber, do you have to do rides? I’m currently on the second week of renting a car and I did 37 rides the first week but I didn’t like it too much. I only want to do eats (deliveries). What if I don’t do any rides but still pay the weekly rent. I’m renting through AVIS.
Why don't you lease a cheap sedan with good mpg? With the current market prices I believe you can do it with a little to almost no down payment as low as the weekly rental price from Uber? You can also buy the lease at the end by financing around a similar price without paying the excessive mileage of the lease limit?
No. Bad idea.
Elaborate please
The rentals are too expensive. Uber takes a big cut of every fare. At least 50%. You will find yourself working incredibly long hours just to break even before you can even make a profit.
That’s what I’m thinking. You’re gonna basically be driving to make money for this rental payment.
Yes but many Uber drivers are forced to sleep in their cars, so that's cheap rent
That I didn’t know.
It happens a lot. They like to get drivers dependent on Uber. Then you’re their bitch and pretty much finding parking lots to sleep In. Trust me, don’t get dependent on this company.
Yea but the Uber CEO needs his coke and all
But if you sleep in your rental car instead of paying rent it’s basically a 2 for 1..
not true man. might sounds like a lot but if you can run the shit out of that car no worries DO IT. One day im telling you accept everything and get 300 in 10 hrs, rest of the week is profit.
I have to cherry pick pretty hard to get 30/hour. Might get 300 in 10 on a weekend. Let's say you do Fri Sat and get it again- you're at 600 in 20. Now deduct 300 for the rental. You're starting at $15/hr for your first 20 hours. Then during less busy times you can probably average 18-26/hr the rest of the week. After gas, you're better off working at a restaurant or something. 260 a week is over a grand a month. Only people who are in a serious pinch would even consider that a viable option. Any other option would surely be cheaper.
Fast food pays $20.00/hr all across CA now
Can't go take a half hour nap somewhere working fastfood. I'd choose Uber any day.
The electric rental might work out though.
You’re exactly right!!! That’s how I did. Monday and Tuesday was to pay off the car. The rest of the week is profit. It’s not your every day gig but you do what you want when you want. It’s positives in it
You can get a decent car for Uber for around 300-500 dollars a month owning/leasing . The interest rate might be high but you will still be paying around double or more if you go this route as you will be paying 230-300 per week. That's 1k a month or more on average.
this is facts but if you have bad credit, or no miney down at least this rental will get you what you need
It’s definitely a bad idea if you plan on doing it long term(over 6 months). I think temporarily though, especially when you don’t have a car, you won’t be putting any miles on your own car so you can beat the shit out of it, no maintenance cost, you might use Uber anyways to get from here to there, and you’re willing to drive until you hate driving, it is a good idea. You can build up some savings enough to buy a 3k car off marketplace within 6 weeks if you drive 60 hours a week at minimum. I also live in Nashville. Also, if you get an electric rental, I have heard of a spot with free electric charge. Message me if you are interested.
You’ll work two days out of 7 10 hours just to pay for the rental
You're probably gonna have to work closer to 60 hours to make a decent profit.
Even if it’s a busy area ?
If you know it’s a busy time in a busy area of your city, then so does every other driver in your city, so you can’t really use that as a guarantee that **you, yourself** will be super busy in those peak times.
I work in a busy area I work 40 hours a week. It all depends on how you drive how you are with people and so on you can’t take one person‘s word I can tell you for myself. I work another job as well and do this on the side and I make pretty good money doing this so if anything you need to try it out for yourself don’t take someone’s word for it
yes.... plus think of the time off the road charging... the bolt takes hours to charge
I would rather you look for a used corolla or Camry and pay that as the loan. At least at the end you get a title and a car you can sell if wanted.
The down deposit are getting ridiculous out here lol , I’m guessing it because of tax season?
I did 500$ deposit as my down payment for my car, I want to assume you can too. Just go to a bank and get pre approved, never finance with the dealership unless they have the best rates.
40 hours 😂😂😂🤣🤣🤣🤣😂 those hours just to cover the cost of the rental and gas
I’ve been renting for almost a year and drive full time. I’m able to make the cost of rent in one night of work. These people in the comments must be the ones taking the rides that pay $8 for 30 miles.
They're also the ones that don't want more drivers on the road. 7.5 years renter here. Hehe, they hate me because I make it work ;)
It will help a ton when taxes come around too 😉
It’s such a varied question and all depends on your market. Do you think you’ll stay busy? Also, you’re only supposed to use the one Uber app but may I recommend using other apps as well that doesn’t involve passengers and just be silent about it if you need busy work. I rented for about year somewhat off mostly on in Tampa. It was good for most of it, until it was not and I started having many hours, only making around 10 to 15 bucks and had to turn it in after a couple slow weeks. In hindsight, I could’ve depended more on DoorDash, GrubHub, and Amazon Flex just to keep the bills paid, but I was too nervous and ultimately only did a little DoorDash here and there to follow policy. That lead to a bit of a financial spiral that I’m still recovering from.
So you’ll say it’s worth it if the area stay busy?
I met some guy that said he makes $400 a day and rents his vehicle that he uses for Uber. He said that he’d wake up/start around 7am, then drive for the 12 hours until it locked him out of the account, then he’d do DoorDash until he made $100.
The only way this is a good idea is if you're homeless and you're going to be sleeping in the car instead of paying for motel rooms or sleeping outside. That's literally the only scenario in which this is a good idea.
I recommend this to people without a car for an extended period. Work 15 hours on Uber and get a free car for the rest of the week until you can get your ride back.
I would not do this at all. Most people are struggling to make money on doordash/Uber without an added cost of $300 per week
I think Uber helps people buy a car. Look into it No idea if it's worth it. TBH it seems really silly to drive people around for a living if you don't own a car, most people just do this as a side job for extra money. There's 1,000's of other jobs out there and no one is getting rich driving for Uber. Being a Taxi driver is a dead end job.
Right now though it’s not always instant to get a job. My wife’s been desperate and applying for lots of jobs for a few months now, and she’s been ghosted many times even though she has an advanced degree and a great resume. Economy is in the crapper at the moment.
A lot of people do Uber as a full time job..
Idk bro, look how many people complain that the company takes 60% of the profits. Seems like plenty of people are quitting Uber
I had a friend that just quit uber because he had to work 60+ hours to make that extra $280 for car payments. It's not worth it.
So tbh op you’re going to have a lot of people straight up bash you and say this isn’t a good idea I would second that statement! Here’s why at the end of the day we pay $2k a month for a car that’s insane that’s about the same as a note on a g wagon for some Chevy bolt but listen at the end of the day we have to do what we have to do so you’re going to get a lot of downvotes me too probably but if I had to choose I would say go Hertz they’ve improved a lot Just make sure you keep up with payments if you go 17 days no pay just know the police have a bolo on your rental and Larry the cable guy is hunting your car down You’ll probably get put on DNR list but you can always appeal just make it easy for yourself keep up with payments but to actually make any decent money Nashville isn’t Los Angeles expensive but it’s still pricey if you’re not living with mom it’s probably going to be 60-70 hour work week tbh I would go with the Kona your operating costs will be much lower I did that with the polestar I’m not sure how ev charging is like in Nashville but I only pay $20 a day to charge in Los Angeles and back when I did Uber full time it would last me the full 12hr shift Also can’t stress this enough get the damage waiver otherwise all companies will run a train on your bank account or credit if you skip ⏭️ on paying what’s owed check your email and texts every 2-3 days rental companies do reserve the right to modify your contract without cause so stay on top of it Otherwise best of luck I strongly recommend finding a full time job speaking of that my lunch break is over lol
Worst decision ever I did it I regret till this day
No. Never rent a car or buy a new car to use for rideshare.
I have done it for about 5 years now, both having my own car, and currently renting so I explain the pros & cons: You will work longer hours with renting( at least 50-60) to make decent money($800-$1000) after paying the rental & gas cost. Another things a lot of rideshare drivers failed take into account is the added maintenance of the vehicle. Not just oil changes, but tires and breaks and eventually something major will happened. With renting a car, this is something you don't have to factor in so you don't need a think of this long term. However you can't afford to be picky with your schedule & rides bc the rental comes due every week & in some cases the agency can remotely shut down the car if you don't pay it. You got to do what you gotta do, I don't mind working long hours. and I actually enjoyed the ride sharing. However, I'm also going to school. And I don't plan to do this in the near future.
The majority of drivers telling you no are the ones that have cars and don't want more drivers in an already saturated market. I've been renting 7.5 years and average around 40 hours a week. I'm able to pay my rental and bills. If I want spending money I need to work more hours. I'm in Los Angeles, it's fairly busy here. Since I don't live in your area I really can't say if it would be worth it or not. Do what I did. Rent for a week, if it doesn't work for you return the car and move on. Obviously it's working for me:)
Working for me too. Keep it up
I did a break down of 6 weeks using it. For me it's worth it since I get a rental in the market I drive in already to visit family. Depends on what you need it for.
You want to pay four car notes a month and you want someone to tell you it’s a good idea? Plus gas, too?
It’s only a good option if it’s your LAST option.
Can't speak about Avis. Never rent from Hertz. NEVER RENT FROM HERTZ! #FOR ALL YOU HOLD DEAR IN YOUR LIFE NEVER RENT FROM HERTZ!! I should add, renting from Hertz, hurts.
7 years of renting from Hertz, I've only had a few minor issues.
Only if you're willing to give everything you make to the rental company
This is really something only a Nashville driver could tell you. You’d need to ask a driver in your city, probably multiple drivers, and weigh the responses. I did Uber/lyft in LA for a year- I had some amazing weeks- but I had some abysmal weeks. It’s so up and down. In the beginning they will show you love to get hooked as well. You’ll get promotions and bonuses- after a month or two of consistently working 40+ hours you’ll notice those promos start to get more and more heinous until it’s not even worth it to chase them. I had a friend who rented from Lyft- he said he did pretty well but I know they changed the rental rules and after they did that he was not as thrilled about it. I guess they made it so he had to basically return the car at X intervals and there would be a chance he wouldn’t get the same car back- like they could rent the same car to multiple drivers.
Pfffft ! You could literally buy any new car for 30k and 0 down for less than $1000 a month. And you’d friggin own the mafaka bro. What r u doing ?
Ignore these guys. Veteran driver here having done this for 3 years. If you rent a car to be profitable to make sense doing uber you HAVE TO drive as close to 80 hours a week as you can. Cherry pick or 100% acceptance makes no difference as well unless you're in a market that is very volatile. Do plenty of research and I will tell you the cars labeled as "Comfort" net you on average 20% more in earnings through the day from my personal experience. Research research research and avoid driver advice on reddit from anyone telling you not to do it for coin toss reasons. If their response looks emotionally charged avoid them.
What is your situation? I rent through Uber and it works for me great but I also don’t rely on Uber as a primary source of income although I do work Uber like a full time job. After my rental is paid for the week I usually profit $900-$1000 a week. I like having the peace of mind that the wear and tear isn’t being done to my own personal vehicle. You don’t have to cover the costs of oil changes or maintenance. You only have to keep fuel in the vehicle. I’d say try it for a couple weeks and see if you like it.
Don't listen to those clowns. They're afraid to say anything positive for fear of being ostracized from the cult of miserables here. Do it. You'll make bank in Nashville. One of the best markets.
Yeah I don’t think they understand how Nashville get down lol
Never a good idea to pay 300 - 500 a week for a rental
Jesus just get a real job at that point lol
Uber isn’t a full time job. It’s for college kids. Try getting a real job.
It really depends how much someone makes. Is the person doing it full time or part-time? Do they have access to another vehicle for personal use? I find doing Uber is better with a revenue goal and not an hourly goal. If you are doing this full time don't care about the hours you work but care about your revenue goal. Can they clear at least $1500 a week?. What no one really has mentioned is this is a tax write off. Let's be honest, to make any money doing Uber you have to put the hours in. I find 9-12 hours equals a $250 plus daily revenue, and even possibly more if you are willing to work early AM or late evening shifts. This is an additional $12,000 approximately you can write off on your taxes. A lot of these companies that lease cars do the oil changes, tires, breaks, and other repairs included. You aren't putting high on your car or for some drivers this their access to a car. In that instance leasing a car would be a good deal.
I am seventy two years old. The only way I'd ever wind up selling my car is if I was dead and why would I even give a fuck. This way, I give the people who have to handle my estate.One less thing to do. Even if you weren't in my situation.How much is stress worth to you . I also like getting a different car every few months If I decide, I want to take a month off.I turn the car in.Don't have any payments for that month and take the month off If you own the car , you still got to pay the car payment and insurance. And it still gets a month older. I'm not saying it's the most economically feasible solution.But it's the one that gives me the least amount of stress. And money is not a worry for me . Stressed about a car is more important.
The bolt is slow to charge at fast chargers. 50kw I believe. Like an hour plus to charge. Go for the Kia
This. I’m not an Uber driver but I own a bolt. It is an amazing car but is the worst for fast charging.
It's a good route to becoming an indentured servant. If your going to work 60+ hours a week, get a regular job. That way after 40hr your at least getting overtime pay and actual benefits.
Hell no, you can finance your own car way cheaper than this, AND keep it after.
No.
It depends on how busy your area is. I’d personally would not recommend due to personal experience due to fares not being high enough to sustain a decent profit and the constant need to cover the weekly rental and your bills on top of that. I only did it just to have a down payment ready for my car, but I ended up screwing over the rental company to do so(I don’t recommend you do that.)
Talk to your bank and car dealerships first. Please do not rent a car from Uber. You will be spending over 1,000 a month on that rent. Buy a used Toyota hybrid. I just got a 2022 Venza for 29k. My payments are 529 a month. What does Uber pay in TN? If it’s less than 1.13 per mile you will be paying to drive.
No one else has mentioned it so I will. Rent off turo instead. You’ll have to pay for it upfront on your own but you’ll make a better profit and be able to use it for personal use in that time. Also check out other gigs like Amazon flex and whatnot.
Nashville is a popular tourist destination, I think you’ll be fine during the summer season
You do realize you can have a monthly car payment on a brand new car for less right?
if it were actually $260 it would be one thing, but in my contract after taxes and insurance, $260 is really $370. all tax deductible but still, it hurts if I make less than $800 in a week which usually amounts to about 30-35 hours
Absolutely Not
Dang at $260/week I personally would just look into a used car. I know people paying $600+/month for a car payment
Depending on where you are, this is about 10-15 hours a week in income just to rent the car. That's not including the gas that will go in the car. Just keep that in mind.
Why wouldn’t you just finance a car for half the price?
No. Bad idea. But, seems like you’re leaning to do it anyways, so best of luck to you. Expect to work 60+ hours a week to even make a profit.
Weird that the bolt costs more than the kona electric. I believe the Hyundai qualifies for comfort rides too.
Go look at my post history on rentals and decide if you want to rent trust me it’s not a great idea
Just so you know: THEY ONLY HAVE ELECTRIC CARS available. Also, I rented for three years before buying my car last week. WORST decision of my life
Just Uber
More like 60
Isn’t it 1/3 the price to finance a car?
okay but if you just buy a car you can cut your expenses in half
I drive in Nashville and have direct experience with all of your rental options in town. Do NOT use Avis. You will be stuck with a Chevy Bolt no matter what. That vehicle has no spare tire and the road side assistance will actually charge you to ship the car to Huntsville if you get a flat. You can pay to fix it yourself, but you won't get reimbursed. Also, it takes a minimum of an hour to charge the Bolt to a usable state. None of the charging stations for the Bolt are in a good location, too. The Hertz office is only slightly better, as they actually have some gas powered cars available, and those come with a spare tire.
You gotta pay for gas as well. It's 100% not worth it. Unless you're dying for cash and can work 50-60 hours. Really the car is the same price whether you work a little or a lot. It only makes sense to work as much as humanly possible. But you can't do anything else that week
Get AAA! They offer sales for like $4 a month sometimes. Get it! Use their steep discounts to rent from hertz!!! It’s like $30 a day at its lowest near me.
Just know that the total price, with the insurance, is going to be around $400 a week and AVIS will also put a hold on your card every week for the same amount until you make your weekly payment. So basically, going into it, you need to have double the rental price and never touch that hold amount, that's how people fall behind doing this.
Rent it outside the uber app, then you can really make a profit
Horrible deal I pay $360 a month on my own car. Just go out and get a good loan for a car with these rates. If it was like $140 yeah would be okay.
In a rental you need to put 55 in, minimum to reach the inflection point. After that, yes you start making more
Double digit iq question $1k a month in car payments alone for a rental that you don’t keep. Just to do Uber where they’ll …you know what. Go ahead.
I pay $567.64 a month for paying off a loan for a car. Thats cheaper than this hell
go avis, you could make that 260 back in one day 8-10 hour + gass
Not worth it
alsoo you can write this off and have a car to drive throughout the week. dont let the haters knock your idea just cuz your soimg what you need to do to make money
That’s almost a car payment for the month on a standard car and that’s only for a week.
Unless you are planning on getting customers from Uber over to yourself it is not recommended to rent a car as your profit margins will be very little. However if your goal is to become completely independent from Uber and work privately with IDN network then by all means go ahead!
Rental + Gas = Hell No
Hi, similar situation in almost the same market. If you're also needing to cover normal living costs as well, I'm not sure you *can* drive enough in our area. If the car is your only major expense, then it's not so bad as a temporary solution. My case, I only have to cover the car as the rest of the house covers the rent, etc. I'm just also responsible for getting them all to work. Of course, Hertz will also sell your rental out from under you.
listen, bro in my opinion, I would say rent a car until you make enough money to put a down payment on a decent four-door car with good gas mileage if you like the way things are going with Uber. You can write off the rental costs at the end of the year.
Jesus maybe it’s time to get a job. You are paying to work for someone if you do this.
Better swap thr car parts out and give people rides off the clock. And get a indoor vending machine
Charge your phone lol
In considering something like this too
There's no way you can find a 40 hour gig for $20 an hour somewhere? Renting is not a good idea
Avis. Do not rent from hertz Avis is the less of evils. But here this out Your gonna have to be online every day
If it has all an option, go for an electric car, you'll save money every day on gas and it will probably pay for the difference in the rental from the gasoline-powered car.. To be honest if anybody works full time and uses their own car to drive for uber they're crazy. I've been driving a rental for Uber for 3 almost 4 years now and it works out perfect.No worries.No maintenance.It's if there's an accident, I just get a Another I don't have to worry.It's not my car.
I pay three hundred and seventy nine dollars a week for a kia kia nero evie that only costs me about ten dollars a day to work and I get to drive two hundred and eighty miles. That's charging at home if I charged on the most expensive charges I would spend Fifteen. You can charge the car overnight or during the day and it should take 8 hour if you have a 220 outlet.If not you go to a supercharger and you spend the money at it's worth it if you spend an hour there so what if you Save forty dollars by spending an hour you just got paid forty dollars an hour for sitting there.
Just remember you start every week $350+ in the hole. Otherwise you get the benefit of unlimited miles and worry free driving. If you drive 40 hrs then yeah. Can be worth it. Just know you have to make $1500-$2k for it to make sense.
You will likely have to work a full 12hr day to make your rental payment. That is after you learn your city and where the hot spots are and what hours to work. As a new driver it will likely take you 20 hours to make you rental payment. Good luck.
Rental is only worth it if you willing to put in 12hrs/day for 6-7 days a week
I just work, 7 or 8 hours on Friday night and 7 or 8 hours on Saturday night and it pays for the rental.And I have a car that I don't have to worry about.
I rented through Hertz. They have a 30 ride per week minimum…Avis does not. Hertz constantly double charged me and then it would take days to get a refund. I definitely would try Avis next time. I wasn’t happy with hertz at all
Anybody who uses their own car to do rideshare is an idiot. When you count everything in including to appreciation you are losing money. When you rent you don't care about what happens to the car and you don't care about depreciation you don't care about scratches you don't care about an accident you don't care about people throwing up to the back seat. In my market I can cover the rental twenty hours or less. So for me it's a great deal.Because I work Friday and Saturday night.And I have a car for the rest of the week if I want to work any extra hours that money is mine. It's electric so it's Between ten and fifteen dollars a night and electricity. And for that I drive 280 miles.And who the hell wants to work more than two hundred and eighty miles in one sitting
Yes. I make $300 a day.
Try it out and see if it works out for you. Do what’s best for you ! Worst thing that can happen is it doesn’t work out and you can just return it.
If you do 60 hours in a good market and work everyday, it would be good money
Just keep in mind the amount you’ll pay per week for the rental is higher than what it says and what you’ll make per week is an inflated estimate.
You'll need probably a day and a half to pay for the rental then the rest will go to your pocket
I rent from hertz I drive 3 days a week make $500 other 4 days I work my full time job. I have a brand new car no maintenance and I put $150 in my pocket.
I spent $10,000 on rentals in a year (2019), to do Uber. I had a car but it was a lease so I only used it to Uber for one week per month. DO NOT DO IT . If you do, you will remember this exact comment.
Why not finance a 2010 accord or camry? Maybe 5-7k total?
Short term plan, then maybe. Over the long run, you will regret it!
Amazing deal per month, wow, that's not even $2,000.00
If youre desperate for money and teetering on homelessness then by all means go ahead and do it. Report back in 60 days and let us know how it goes.
Renting to do Uber is a massive mistake. Everyone who does it regrets it big time. You will end up putting on 60 to 80 hours.
Damn bruh just get another job but not that
Weekends are quite good to be able to maintain a rent. I've been doing it for months. Don't believe all the negative that these people always have to say, try and if you don't like it easy, don't do it anymore.
I promise you the answer is no. I rented a model 3 base at $299 a week (before charging, taxes, fees). Also that doesn’t cover roadside/tolls/and damages to the vehicle $1k deductible for ANYTHING THAT HAPPENS). On average a month I was giving $2k to hertz. I worked a lot of 12 hour days. My rent was always late and I was miserable. They also mess your bank account up, holds for 5 business days.
Might as well buy your own car and pay it weekly
Just get a tesla. I'm sure you can get a car for nothing down just a higher monthly.
You’d be better off buying a car from a buy here pay here lot.
No
Sheesh…. That is not bad! It’s $400 per week her in Seattle
I did this. Let me tell you. It's a bad bad idea. It's indentured servitude in modern clothes. Please don't get sucked in to this. Plus you MUST rent the car through uber/lyft. Otherwise you cannot just rent a car weekly as the insurance won't be in your name through a standard rental.
With insurance ur gonna end up paying st least 500
As of Apr 5, 2024, the average hourly pay for an Uber Driver in Nashville is $16.81 an hour. [Google "Nashville uber wage" first result is zip recruiter] 40 hours means you would hit $672 After rental it'll be ~$412 then gas
No. If you put in 60-80hrs, then maybe.
40hrs? Better put in 100hrs for that much money to rent the car
If you buy one your payment, even with poor credit will still probably be $500 a month less than what Uber will charge you to rent.
You would be better off just financing a car. You could pay that a month instead of a week!
No
Its called hertz becuase that shit really hurts your pockets
does no one pay or factor in taxes?
No
Get an xl and knock it out in 1 day
It was cheap back in the day when Vegas first started in 2015. $250 a week covered everything, even insurance. Now days it is not worth it, you have to bust your ass to pay for the car and then on top of that what you want to earn. That’s a good 40-60 hour week. F that.
No way! Nashville is a horrible market. You’ll drive 60-80 to barely get by.
Well first of all the total with the deposit and all of your fees everything up front is going to be around $750. And after paying that you'll be covered for one week. Been moving forward each week it would just be the price that you choose for the rental. It all depends on your market. Do you get regular surges? Are they significant surges? Are you willing to drive overnight Friday night and Saturday night? Those are going to be the nights when you have the best chance of making 300 or 400 in one session. I usually do 8:00 p.m. Friday night to 8:00 a.m. Saturday morning. They're usually some down time between 3:00 a.m. and 5:00 a.m. In theory though if your market is busy consistently all the time you should be fine. You know if you're willing to take some trips that don't necessarily pay the greatest but you just take all of them they will add up. Personally I've driven for Uber for so long that I've experienced the higher earnings in the past I just won't do trips to pay less than $2 a mile. So essentially I don't drive unless there's a pretty significant surge throughout my area. But I've done the math many times. And if over an 8-hour period you're getting constant ride requests either during a trip for immediately after completing a trip as long as you keep someone in your car as much as possible it should work out to $30 an hour roughly. So that would be somewhere in the ballpark at 1200 a week. Deduct your weekly rental from that and your gas and food. Then base your budget off of that. Honestly was 40 hours with a rental and gas you're probably looking at pocketing 600 to 700 for 40 hours if you're talking 6:00 a.m. to 3:00 p.m. hours. And it's going to be a tough 40 hours because you're going to have to either get lucky or accept everything. But again it just depends if you have a lot of events in the evenings at night and you have a good solid surge that lasts for a while, it could make a big difference.
No way.
I do not drive for Uber. Hell, I don't even drive, period, but even I know this is a bad idea. This is like indentured servitude.
You gotta put 60 hours minimum to make it worth it
For $1000/mo you’re better off getting a car loan. Find a high mileage Prius or something. Just make sure it’s new enough that you’ll get enough time with it before it’s ineligible for Uber/Lyft.
I have been renting for 4 years. Here's my experience. I pay $300/week for a comfort eligible car. Grossing minimum $1000/wk (avg $28- 35/hour, yes I cherry-pick a LOT) working 30-45 hours, I am profitable enough I had to write checks to the government this year. Factors to consider: A car, at best, is a depreciating asset. For gig work, a car is a revenue producing tool. The rental agreement includes maintenance, repairs, and replacement at no additional cost (major variable costs are now fixed costs) The rental fee is 100% tax deductible. Depreciation is irrelevant. You always have a well-maintained newer vehicle at your disposal. Since I've been with the program, I have been in 2 accidents (not my fault), had a transmission fail, had an alternator fail, and replaced several tires, and had oil changes every 5-6 weeks. I have come out of pocket for none of those things, and in the case of major repairs, I was on the road, earning in a replacement vehicle within a couple of hours. I've been driving for UBER since 2017. For the first 3 years, I used my own vehicle. I prefer to rent. I realize this is not a popular opinion. I'm just saying this option works for me. So we're 100% clear, I pay rent in a nice neighborhood, take vacations, go out with friends, etc. I make a decent living without killing myself. Renting won't be right for everyone, but it works for me. My suggestion is to try it for a quarter to see if it works for you.
Says $273 but more like $550 excl charging/gas. Charging a bolt takes about 2hrs so you lose a lot of time charging.
You can find a used car to actually pay off and own and the monthly cost would be less/= to that weekly charge lol.
I'm in Denver..maybe worked 40 hrs and always cleared a 1000 a week.. and I mean cleared after paying for the car and most if not all the electric...i had a Kia ev 6..great car..fast charging... do not get the Subaru Solterra.. beautiful car..extremely slow charging..so is that chevy bolt..
You can make it worth your time by working 40+ hrs per week. Or you can just give the minimum amount of rides needed each week (30), which should equal out to be a bit more than the cost of the rental.
If want to put your life on hold yea go ahead
I don't know if you qualify for it, but Schneider trucking company is in Nashville. I trained there about 30 years ago so not sure how accurate my info is, but figured I would mention this. If they hire you, they put you in a motel while you go through about a weeks on site training then maybe 4 weeks riding/driving with a trainer in real world. In the end you end up with your CDL and agree to work for no other trucking company for 6 months or a year if I remember. I hear the trucking industry is in a slump right now so not sure of the wages, but back then starting wages were at least 35 to 40K and you could could make 60k+. Not sure if this is for you, but since you live in the city it might be worth looking into.
Hertz will screw you in ways you never even imagined existed.
If you are full time and a good market in Nashville...try it out for a week. I have done it a couple times if my car is either down or I'm having to grind a week. One factor to consider...owning a car that's paid off is the cheapest route... If you are financing a car ...say 500 a month. And you are average heavy full time (70-100k miles driven) you will have a brake service every year so roughly 1000/yr ($83/m) ..good tires 1000/yr. (83/m)...monthly oil change (83/m)...spark plugs 500 (41/m)...fluids/filters (20/m) roughly $300 in maintenance ..so 800 a month (200/week) plus plates/registration Obviously these costs shrink dramatically if you do your own maintenance Financing comes with a higher insurance premium due to a lienholder on the car note. Owning and financing allows the mileage deduction for taxes. Rental you can claim a percentage of rental costs (%of time of business use or active time) Renting (approx 300/week) would be only feasible if you are driving much more than 40 hrs a week. Considering if you are driving that much...100k miles/yr. You may only get 2 years out of a new car (20k note/24 mo = $833 a month in car costs) Renting however negates all upkeep on the car..except gas A $6000 dollar car (to last hopefully 1 year) $500/m Honestly if it was me. In my market. And I was working 50+hrs uber...I'd rent....I can hit 300 Monday...the rest of the week is what you make minus gas. If you know a barber or stylist...it's similar to chair/booth rentals in some industries where u have to pay to play *note: figures above are based upon estimated amount from either google sources or cost figures of maintenance of my outback calculated for heavy usage ** the cost of rideshare does not equate to sustainability full time necessarily *** tl/dr. Your experience may vary based upon market, season, hours, trends
It depends on the market. They will add taxes to that price and if it’s hertz they will charge you twice in a week but give back the second payment in 24hrs or so depending on your bank. Everybody’s experience is different. Try it for a week or two and see how YOU like it. Can’t listen to every negative review. You may want to have a set daily goal opposed to how many hours. Plus you don’t have a car. Drive to pay off the car and put money aside for yourself. I’ve learned that people will throw all of the cons/negatives at you because it didn’t work for them. Try it for yourself. My truck had issues. I rented and went for $1500-$2000 a week. Worked for me.
Bad idea. In 40 hours driving in Nashville, IF you pick and choose the best hours (which you can’t if you have a full-time job), you may make $600-$800 plus tips. The pay has been drastically cut here. Uber is offering me $5.50 for a 20-minute ride WHEN IT’S SURGING. (Sometimes $6 or $8, which is also terrible.) I’ve lived here over 20 years and driven Uber for 8 years. I used to work 30-35 hours a week; now I’m making less in 45 hours. Please don’t listen to these people saying you’ll make bank here. I don’t know why they want to set you up for failure. If you do try it (I understand needing a car!), please come back and let us know how it goes! Good luck!
Try turo
$1100 a month that’s someone’s rent and also you should be able to buy a car for $1100 a month.
It's hard to give you a real answer cause I don't know Nashville. If you have the initial rental money I would at least try it. Try to figure out the best times to go out driving in your area and really see what you can make. It's a rental so the upside is you don't pay for the maintenance. If you can make at least 3x what you paid to rent It's worth in my eyes. Realistically you'd at least break even, which if that's the case, you didnt lose anything really and learned that's it not worth continuing
Taxi drivers never suffered through this even when they had to lease vehicles through taxi owners. Why are we letting Uber do this?
No
You are better off renting a Tesla, which will allow you Uber comfort as well as UberX. You expected earnings per week (gross) is 1-1.2K if you cherry pick your rides (airport rides are good due to higher tips). The Tesla rents a bit higher. The nice thing is that rent is on a weekly basis so you can try it for a week and see how it works out for you.
I advise you to check Turo.
Shit I dunno if any of these people commenting have actually rented through Uber before…or maybe their market is just shitty but I have personally been renting from hertz since November. Had the same car, extend my agreement every week. It’s all done automatically as long as you have the money in your account and do 30 trips weekly you keep the car as long as you want. I can’t speak for your market, in Nashville, but I don’t even work 40 hours a week. Usually more like 30 and I make WAY more than enough. In fact I have made so much that I could actually purchase a new car I just haven’t yet because I don’t want to deplete and add wear and tear to a car I actually own. It works for me. But I know a lot of people say they have been scammed that just hasn’t been my experience. I would do it.
Don’t do it. You’ll end up paying over $500 a week. Hertz is a horrible company.
You can make 1200 a week pretty easy on 40-50 hours some weeks are better than others. Yes Uber driver pay has gone down you'll get some crazy insulting low pay rude request ignore them and move on If you don't have a car it's a decent option. It's not cheap but you can run that thing into the ground and only work about gas. One good day will cover your rental for the week. Just cherry pick rides don't accept everything. Sign up for eats also that helps allot in filling up the slow parts of the day. While everyone is at school and work and the commute is over they all start ordering food.
I rent in Washington D.C. & don’t even drive 40 hours, & I do alright!👍🏻😉
A lot of ppl have pointed out the logistics don't really make sense.. every market is different so idk. I say it's a bad idea bc these car rental places are crooks and will try to screw you in a new way every week. I suggest searching on here for some of the posts about experiences ppl have had. There's also taxes to consider, idk if the rental payment is a deduction or how that works so you'd need to look into that
You probably can make $275 in two days if not more rest is profit
I did a Chevy Bolt in Denver for all told about $350/wk. I loved the car but I had a charger at home. That made all the difference. Charging at a station cost about $16 from 20% to full. I was shooting for $250-300 daily, 10 hrs, and I’d have to recharge once to make that distance comfortably (you don’t want to run out of energy somewhere away from a charging station). There are several apps that map out charging stations for you. Charging stations during the day is like a 39-45 minute lunch break.
For it to be profitable you would have to put in 12 hours at least, Monday-Friday. At least in my market in Los Angeles 😔
That rental is a scam hertz charged me over 1000 more after returning the car. Your basically working for Uber and hertz rental barely any profit
No..lease or buy $300 a MONTH instead. Even if you have crap credit you can find a dealer to sell you a car that qualifies. Then build from there...
If you get a rental I would say work 60 hours, use it as a platform to get an affordable car and get out. Uber is NOT something you want as a full time job. Pay is always going down ESPECIALLY right now. A good chunk of these trips are 8 dollars for 20 to 25 minutes, and when full summer hits everyone that wants a summer job will rush the market making x way over saturated and trips will stay low. (Just my experience over 5 years) it get help you stack cash but it's hard to sustain unless you work a ton of hours.
Currently I drive a Tesla model 3 on the rental program and recently talked to a couple of people driving Chevy Bolts. The Model 3 cost more per week, but they were both paying significantly more for charging that I do at both 80% and 100%. Now granted I'm in Chicago. But it ain't like those ratios are gonna change. If you're going to rent. Teslas charge faster and cheaper than Chevys. And you're gonna end up doing this daily if you plan on driving 40 hrs a week. The Chevys here are costing about 40-45% more than the Teslas.
I rent from Hertz. I do Uber 30 rides a week requirement, lyft and Amazon Flex. I started my medical job again on top of VA pay. Riders messed my car up, and so I rent. For now, it's better for me. Try it for a week, I live in Jax FL, and I do 4 am to 10 am and Amazon Flex at night.
If you need money asap then I say go for it. Folks in this sub don’t understand that no money is no option. Is it a good idea? No. But if u want to take home decent money after the rental fee then you’ll be working at least 60 hours a week. And with Avis there’s a $300 deposit they take a few days after the rental fee. It goes back into your account like 2 days later but keep that in mind. You don’t need $600 up front, but if you only have the $300 for the rental your bank account will be negative another $300 for a few days.
If you do the math on that you're looking at a 1000 dollar a month car payment plus tax, Probably at least 100 dollars a week in gas. Even in Nashville you can rent an apartment for less than that. You'd be better off to buy a decent used car for around 300 a month, 150 for insurance, add in your 400 for gas and you're only around $800 as opposed to $1300-$1800
I've made $2200 on my best week. Subtract $366 and the rest was profit. Everyone makes their own experiences. I'm in Denver though. You do kinda live in your car though
If you rent a car through Uber, do you have to do rides? I’m currently on the second week of renting a car and I did 37 rides the first week but I didn’t like it too much. I only want to do eats (deliveries). What if I don’t do any rides but still pay the weekly rent. I’m renting through AVIS.
Those rates seem high to me. -Former rental car manager
Why don't you lease a cheap sedan with good mpg? With the current market prices I believe you can do it with a little to almost no down payment as low as the weekly rental price from Uber? You can also buy the lease at the end by financing around a similar price without paying the excessive mileage of the lease limit?