LUED

LUED that's very good explanation. thank You for your input, appreciate your advise.

Cmon guys, dont have to be mean. I just thought you can invest as minim as possible, before Uber i had a £1500 car making £700 every week :o

Realistically profit made will depend on how efficient you're running your business.
 
I'd say about 50% to 60% of takings, gross of tax. 
 
Remember you're also benefiting from the fact that you've already got car you use as your own personal transport (unless you got another), and if you want to compare to a normal PAYE job, commuting costs and times are included, though the usual sick pay, pension, holiday benefits aren't included. 

Uber fares are calculated by base + distance +time 
 
On UberX the base fare (which is charged the moment you enter the car) is £2.50. Then the fare is £1.25 per mile travelled, and £0.15 per minute for the journey.
 
So a 10 mile journey which takes 30 minutes would be £2.50 + 10 x £1.25 + 30 x £0.15 = £19.50 (which averages out at £1.95 per mile). 
 
Surge prices occur when the supply of drivers is low, and/or demand is high. This is usually temporary, often when there's a burst of customers coming out of an event, or a tube strike, inclement weather etc. The passengers pay a multiple of the basic fare from 1.2x to 5.0x or higher as seen on New Years Eve. Obviously the driver is going to benefit as they'll be getting paid more. 

Drivers who want to get on, don't stay and "grow" with the company. 
 
They get themsevles an operator's licence and start up a company themselves. They can use Uber for extra work, when they are quiet with their own jobs. 

I guess they where drunk or at least tipsy ???
 
Nothing is perfect mate, get used to it

Yes, but what i am saying is , from those £4000 your profit is around £2000, less than 50% after commission increased
 
total                                       4000
 
uber commission         25%   -1000     before 20%  -800
petrol                                     -500
car wash                                -50
insurance                               -200
car value depreciation           -200
car parts  wearing                  -100
 
profit                                      £1950     before £2150
 
 
What do you say LUED???

My car is leased with LingsCars. 
 
They have no problem with it using for Private Hire work. I mentioned this to them, as I said I needed the V5 logbook  in order to get it licensed.
 
Only difference is that the initial rental is 6 months, rather than the usual 3 for a private buyer, due to self-employment status, though this wouldn't matter as the monthly payments are reduced accordingly, so you'd still pay the same overall amount over the 3 years (or however long the lease runs for). 

Take the fuse out. 

Depends on how you want to work it out. Insurance is a fixed cost. As you rightly say, it's a cost which you have to pay, whether you drive 1 mile or a 100,000 miles. (you could say it could be a variable cost, as you may have to tell your insurance company your annual mileage, but usually, it's unlimited). Same with MOTs, and PH driver's, and PH vehicle licences. 
 
Also consider whether you use your car personally, or you just use it solely for Uber, and have a personal vehicle for your own use. 

Maybe he had a problem, you dont have to be mean . Maybe is a medical issue, right? Is not his fault, and honestly i would not care about anybody's teeth color, doesn't affect ur job

Soon, we will have to work 14 hours so we can survive with this greedy uber

I make an average at least £22/hour and work around 90 hours /week, i can not complain, if work hard and have a discipline you can achieve your targets with no problem.
I really am grateful for having uber

I thinks this guy is a cheeky greedy monki ) he wants to drive without insurance as well
 
SO a rust bucket without insurance and maybe sun flower oil instead of diesel )) :D

There's a place on Gloucester Road, south of the Cromwell Road. 
 
Will need to find a parking spot and pay, unless you park in the Sainsbury's and walk a few minutes to get there. 

I am an Uber driver since early 2013, working in London since 2011 in this business.
 
I made this forum for all the Uber drivers who need new information and useful ideas for this business.
 
I do believe that knowing each other and sharing information can bring us many benefits.
 
Any ideas and pieces of advice regarding the website are welcomed
 
I want this to be like a big community, where we join and meet each other in the virtual environment.
 
!!! TOGETHER WE ARE STRONG !!!

Queuing at Heathrow can be hours long. If I drop off there, I never wait there, you don't know how many people are ahead of you in the queue.
 
Best to come back straight into town. 
 
At Gatwick, the police are targeting Uber drivers from waiting there for a job, as it's not in the PCO area, you can't wait there to receive a job (though you can if you're in the PCO area). Again, best to head straight back in.