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by ceejayoz 2354 days ago
Or Uber is offering the illusion of income and hoping they're desperate enough not to do the math on vehicle depreciation.
1 comments

Income, not profit.
How does income with no profit benefit the drivers?
It can be a useful way to extract some value from your car without selling it. Say you are between jobs and have a car you bought new. You would like to keep the car, as you know its history, so you drive Uber to "sell" a part of the car until you get a new job.
You're describing, in essence, a predatory payday loan.
Not really. More like a way to sell a fraction of your vehicle's value while working for less than minimum wage in some cases. Not a great situation but, you are not paying high interest on a loan that you have to pay back.