It’s not stealing - drivers are giving it away - but nonetheless, most drivers are not properly calculating the depreciation into their profit/loss of their driving enterprise - whether through ignorance or intentionally doing so

it is - only a fool would do that program....and yet this is a free country for fools and their money to be parted as they wish.

never run a new car on rideshare - it’s impossible to overcome the depreciation. Run a $5K used car and it’s a different story.

that’s just one of them - there are LOTS of subsidies Uber gives to drivers

Actually, Uber pays me more than it earns from me most of the time due to Guarantees (subsidies). It’s not uncommon among veteran drivers for that to be the case. Smart drivers don’t drive for the standard cuts - it’s not profitable to do so.

actually yes - Uber routinely pays me more than I make for them. Like every week on Guarantee

You are forgetting to account for the cost of dead miles as well as the cost tradeoff of quantity of cars vs stem time to pickup. Uber today is a feast/famine of demand, which depends on utilizing the unproductive hours of the driver/owner’s car. If Uber were to “buy” 160K cars at $40K apiece, we’re talking over $6…

when investors stop feeding it cash

that’s the only logical answer - the mfr uses Uber as a loss leader in hopes of selling auto-pilot cars to consumers - which is oxymoronic on its face.

There is NO way Uber eats the distributed capital, maintenance and depreciation cost of vehicles and turns a profit without massively increasing pricing. The model today is a losing proposition for most drivers who, for the most part, are experiencing but not recognizing depreciation correctly in their IC business…

Darmok - your point is quite the opposite of the reality and of the point of this article - Uber is giving MORE money to drivers than it earns. It’s giving drivers the INVESTORS money, and I’m happy to soak it up.

That’s a good pick - but the F150's a better pick if only for the non-plastic bumpers part

Easy - a properly spec’ed Ford F150 SuperCrew - probably a Lariat unless he really wants cloth seats, then a highly optioned XLT.

poorly written, clickbait style story that shows/tells nothing - an entire waste of time. smh

wait til you try and change the front rotors

yes, yes it does....great way to describe whatever the f happens in that copper spiderweb

some of your best writing ever, Freddy. Reminds me of my Town Car hacking out the #8 sparkplug last month in the middle of the night. Fixed myself in a couple hours for $300, and now I have the tools and supplies and know how to do it 7 more times for free (considering I have 3 panthers and a mustang in the fleet…

Lincoln LS V8. That should be enough right there. If you don’t know, that’s a Jag in disguise, and a crappy Jag at that. What a nightmare - electrical gremlins, cooling gremlins, janky VVT, absolute craptastic transmission that went ‘bang’ every time you put it in reverse, the lunacy that was an electric parking…

Without the V6 pony’s, there would be no V8's - these things paid the light bills. I say they are fun toys, and that’s how a TON of guys/girls got into this hobby in the first place