$4-$9 per ride in our area is not enough to pay for a gas vehicle and the associated expenses. We definitely have to think about pay if paying for an electric vehicle.
12:00 $25 per hour. Was it rush hour? How much of that in gas and wear and tear? What’s the true earnings averaged out over rush hour and non rush hour, after gas, maintenance and depreciation?
It is not. Realistically anybody that does drive for them barely makes minimum wage after taxes, maintenance, depreciation on the vehicle, and gas. Also, fun fact they cap a drivers earnings on what they would make but will still charge the consumer a whole lot more.
Your self employed so your deductions are a large factor in all those costs your talking about. Example texas has 20% tax So with deductions you end up paying 5% maybe 10% taxes Average Hourly is about 25$ an hour lower hourly is 22$ and cap hourly is 30$ an hour. Don’t drive 9am-noon and don’t drive midnight-4am And you’ll be fine. Also try breaking it up into shifts and smart hours not 12 hours in a row.
$26 per hour gross income in San Francisco is below minimum wage! Vehicle overhead includes depreciation, insurance, maintenance and fuel. I wish the new Lyft CEO the best of luck but a reality check is necessary.
Fuel is 1/5th I have that formula down. Car is actually 1/4th of 1/5th so 1/20th I guess Insurance is 1/30th Depreciation is whatever Matience is not much if you trade in before serious problems begin to occur. I will give you 2/5 for the cost. Which equals about 15$ an hour as each 5th is 5$an hour. Gas for 40$ will make you 200 So you make 5x what you spend on gas But if you have a Prius it gets 60mpg instead of 30 then you get 10x what you spend on gas but it’s still 200$ you just save 20$ instead of spending 40. car payments like 300$ which is cheaper then the gas which is like 1200 if your doing it everyday With a Prius it’s 600 for gas for the month. Then you can factor deductions and stop reducing your hourly so much. In texas taxes are 20% but after deductions it’s like 5% Maybe 10 if you forget some things. You could get it to 0% probably. So I think the hourly is there. Upfront costs don’t mean that it’s lost money it’s just stored money for your taxes
On 60-80k a year with 5-10% taxes you can’t raise a family, and that doesn’t even factor your partners income. You keep treating it like a gig so I can keep treating it like a job that works for me❤ just make sure you don’t work after midnight and stay safe.
I have a idea to present to Lyft corporate, but i dont know how to get in contact with the right people at the headquarters. Ive called and emailed with no response. Please if anyone have any information on how please reply to this comment. Thanks in advance.
Schedule your trip. If he fills the streets with too many cars then guys won't make enough and quit. Eventually hurting the pick up time anyway. Schedule more trips before you need them. Those drivers are obviously more reliable
Lol control over their earning. Oh wait i meant because they can work more.... Stop taking 50% or better of the fare... Bring back transparancy. As my partner I have a right to see what you get too. Stop stealing my income to pay huge bonuses to new drivers that largely do not stay. Stop stealing my income for bonuses that are not bonuses!!!
He said 26 that’s the only Info here. If you read into the way he’s speaking it’s in a it seems to be tone of voice which means he’s still gathering an understanding of what’s going on
LYFT DEACTIVATED ME THE DAY BEFORE CHRISTMAS IN 2019 FOR NO REASON. I HAD A 5 STAR RATING. THE PEOPLE I WAS DRIVING WANTED FREE RIDE SO MADE B.S UP ABOUT ME. NOBODY THERE CARES AND YOU HAVE A ROBOT TALKING AND I CANT BE ACTIVATED AND I SHOULD HAVE SUED YOU. WHY NOT GO TO ALL THE FRAUDULENT DEACTIVATED ACCOUNTS AND SEND EMAILS TO ACTIVATE PEOPLE. YOU ALL NEVER PAID ME FOR REFERRAL EITHER WHICH WAS ABOUT 750.00
Pay has gone down for drivers while increasing cost to riders.
Pay drivers more, not the stock holders who do nothing to generate a cash flow.
$4-$9 per ride in our area is not enough to pay for a gas vehicle and the associated expenses. We definitely have to think about pay if paying for an electric vehicle.
Drivers are more selective on what trip they accept. That increases wait time and lowers customers satisfaction.
In order to meet your costs and make money for yourself in taxi style, metered transportation, you have to make upwards of 50 an hour or more average.
I started charging $75 an hour.
*LYFT Gave me a $240 Bonus During a week I Didn't Work*
12:00
$25 per hour.
Was it rush hour?
How much of that in gas and wear and tear?
What’s the true earnings averaged out over rush hour and non rush hour, after gas, maintenance and depreciation?
It is not. Realistically anybody that does drive for them barely makes minimum wage after taxes, maintenance, depreciation on the vehicle, and gas. Also, fun fact they cap a drivers earnings on what they would make but will still charge the consumer a whole lot more.
Your self employed so your deductions are a large factor in all those costs your talking about. Example texas has 20% tax
So with deductions you end up paying 5% maybe 10% taxes
Average Hourly is about 25$ an hour lower hourly is 22$ and cap hourly is 30$ an hour.
Don’t drive 9am-noon and don’t drive midnight-4am
And you’ll be fine. Also try breaking it up into shifts and smart hours not 12 hours in a row.
$26 per hour gross income in San Francisco is below minimum wage! Vehicle overhead includes depreciation, insurance, maintenance and fuel. I wish the new Lyft CEO the best of luck but a reality check is necessary.
Fuel is 1/5th
I have that formula down.
Car is actually 1/4th of 1/5th so 1/20th I guess
Insurance is 1/30th
Depreciation is whatever
Matience is not much if you trade in before serious problems begin to occur.
I will give you
2/5 for the cost. Which equals about 15$ an hour as each 5th is 5$an hour.
Gas for 40$ will make you 200
So you make 5x what you spend on gas
But if you have a Prius it gets 60mpg instead of 30 then you get 10x what you spend on gas but it’s still 200$ you just save 20$ instead of spending 40. car payments like 300$ which is cheaper then the gas which is like 1200 if your doing it everyday
With a Prius it’s 600 for gas for the month. Then you can factor deductions and stop reducing your hourly so much.
In texas taxes are 20%
but after deductions it’s like 5%
Maybe 10 if you forget some things. You could get it to 0% probably.
So I think the hourly is there. Upfront costs don’t mean that it’s lost money it’s just stored money for your taxes
Driving for Lyft or Uber is not a job. It's a gig. I would hate to pay a mortgage or raise a family on this very UNCERTAIN INCOME.
On 60-80k a year with 5-10% taxes you can’t raise a family, and that doesn’t even factor your partners income. You keep treating it like a gig so I can keep treating it like a job that works for me❤ just make sure you don’t work after midnight and stay safe.
*You could be rich too if you learn how to invest your money*
Talk about how they keep 40%-60% of fares.
I have a idea to present to Lyft corporate, but i dont know how to get in contact with the right people at the headquarters. Ive called and emailed with no response. Please if anyone have any information on how please reply to this comment. Thanks in advance.
Lyft is a joke and will drive itself into the ground. 1 star on the BBB
Nice user name, nice use of words, I mean it beats working at Kroger and McDonald’s for 8 hours when I have that money in 4 hours. 😂
Schedule your trip. If he fills the streets with too many cars then guys won't make enough and quit. Eventually hurting the pick up time anyway. Schedule more trips before you need them. Those drivers are obviously more reliable
Lyft just sent a message that this guy has done 803 rides as a driver 😂😂😂,,he said he never drove before 😂😂😂
He learned every gas station in the state, he couldn’t pay his rent and bachelorette vomit can be removed with 409. 😂😂😂
15:15
He wants to say something. He’s ignored. SMH
We need to get paid better on this app Lyft pay more we getting paid two dollars to three dollars drive we want to see the money not talks
😡😡😡
This is about rich people, not the hard working DRIVERS. Shame.
No ELECTRIC VEHICLES FOR ME, but Lyft is great.
Lol control over their earning. Oh wait i meant because they can work more....
Stop taking 50% or better of the fare...
Bring back transparancy. As my partner I have a right to see what you get too.
Stop stealing my income to pay huge bonuses to new drivers that largely do not stay.
Stop stealing my income for bonuses that are not bonuses!!!
what a bunch of b/s
Do a whole month everyday then let's talk
A month would be worth about 4-6000
If you do it everyday like most of us.
Feckless fluff piece. No useful info here.
He said 26 that’s the only Info here.
If you read into the way he’s speaking it’s in a it seems to be tone of voice which means he’s still gathering an understanding of what’s going on
LYFT DEACTIVATED ME THE DAY BEFORE CHRISTMAS IN 2019 FOR NO REASON. I HAD A 5 STAR RATING. THE PEOPLE I WAS DRIVING WANTED FREE RIDE SO MADE B.S UP ABOUT ME. NOBODY THERE CARES AND YOU HAVE A ROBOT TALKING AND I CANT BE ACTIVATED AND I SHOULD HAVE SUED YOU. WHY NOT GO TO ALL THE FRAUDULENT DEACTIVATED ACCOUNTS AND SEND EMAILS TO ACTIVATE PEOPLE. YOU ALL NEVER PAID ME FOR REFERRAL EITHER WHICH WAS ABOUT 750.00