Mr. Wolf
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Posts
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Joined
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Days Won
1
About Mr. Wolf
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Rank
Newbie
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readean reacted to a post in a topic:
New dodgy update for Uber partner!!!
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New dodgy update for Uber partner!!!
Mr. Wolf replied to Johny's topic in Gadgets-Technology-Uber dashboard
No boundaries For privacy and slowly losing your rights, Big brother society is getting bigger and bigger. They are watching you, following you and listening to you. . It ain't going to get better. Accept it, we are all muppets and suckers to the higher powers. -
LUED reacted to a post in a topic:
How much profit do you make?
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LUED that's very good explanation. thank You for your input, appreciate your advise.
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Mr. Wolf reacted to a post in a topic:
How much profit do you make?
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Mr. Wolf reacted to a post in a topic:
How much profit do you make?
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Can someone tell me what is the average fare per mile we get for uberX before any costs?? Their website says £1.25 per mile for the uberX drivers, but when you calculate a journey it varies from £1.70 - £1.95?? Can someone also shed a light on how the surge rates and times work? Many thanks
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I am reading in the forum people are doing £600-£1000 a week after uber costs?! Realistically you have to deduct 50-55% as costs. So if you do £600 a week your net profit/take home after costs is around £300 - £330. Or the same if you do £1000 a week your take home after cost is around £500 - £550.
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Mike24 by leasing a car you will make around £200 - £300 less a month! but no headache if problems with car or replacements issues and the hassle of doing things yourself and waste time. You have to assess and see what fits you better.
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I would recommend to get a professional accountant advise, it will help. Remember we don't pay tax on the first £10k per annum. For argument sake if you made £30k per annum you pay tax on £20k. Good luck.
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Thank you guys this is great input, It's bang on. I have recently done a comprehensive spreadsheet and indeed my cost of sale is between 48% - 50% as Uber X driver. One point pls don't forget to deduct your tax after all your expenses from your Net profit. As a rule of thumb set aside upto a high 28% for the tax. Keep safe Out there.
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Mr. Wolf reacted to a post in a topic:
Starter guide to become uber driver!
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Mr. Wolf reacted to a post in a topic:
Do NOT Include Insurance As A Cost
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I am about to lease a Prius PCO ready car inclusive maintenance, insurance and vat for 265 per week. My costs are the car lease, car wash and of course the petrol. Is that wise?
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I checked out with lingcars, they won't lease a car for PCO purposes.
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That's monopoly, we need competitors like Lyft to get Uber realise what we are worth. They compete we benefit. Till then we are milked.
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Thank you for the tip Lued, I appreciate your feedbacks.
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I feel like a mug now, as I'm getting ready to lease a PCO car and Uber fees goes up. Wtf Uber. Come on Lyft come to London and give Uber some competition. Looks like Uber is not only upsetting the black taxis, Addison Lee etc.. And now it Looks like we the drivers are next on the list of getting pissed off. Unfortunately There will always be drivers out there settling for penuts and allowing to be suckers to the Uber system. Drivers you have to remember you are self employed and we are providing our service to Uber and not employed by Uber, therefore we have to be strong in front of them and be demanding. We can't do that as individual alone we have to have an association or union of Uber member drivers to act together. Keep your heads up and stay positive.
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George you have been very helpful I thank my friend, I highly appreciate your guidance and knowledge. Yes thinking of Uber X (Prius) doing my research before I commit. Regards
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Mr. Wolf reacted to a post in a topic:
How much profit do you make?
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Hi Cardinal, thanks for sharing your info, I am new to this and considering driving on the evenings Just couple of questions, to achieve £1320 in couple of weeks how many mile do you drive per day on average? and how many hours per day of uber driving? What car do you drive? Do you lease or your car? What are your car costs per mile? What are your petrol cost per mile? What are your maintenance cost per mile? Other cost per mile? And how do you include insurance cost? Your feed back and advise will be greatly appreciated. Many thanks
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Can I not include/add the insurance as a daily cost. ie £5 per day. The reason I ask because i am thinking of leasing a prius for the purpose of ubering.