| This entire thing shows just how terrible people are at figuring out the math. 1. All told, he calculates $12,000 in depreciation costs him $30,500, because he inexplicably adds a new car at the end of the year to his costs. 2. If the manufacturer recommends an oil change every 5,000 miles, they also recommend one every six months regardless of mileage. So two of those oil changes are "free", but he still gets to deduct them from taxes I would guess. 3. He figured out he forgot to include insurance, but then didn't take the time to include it. He has to pay for insurance anyway, but will now get to deduct from taxes. The only real cost here will be the increase in his premiums when his insurance company figures out what he's doing. 4. People chiming in that you should only drive for Uber part time. The profit per mile is probably worse for part time driving, but it certainly isn't better. 5. One guy seems really upset that he used 94,900 miles to do the calculations, since this is nearly an impossible number of miles to drive in a year. It doesn't matter. If it takes him two or three years, the numbers work out basically the same because he is really basing them all on mileage, not time. |
Some times of day are much more profitable than others because there are a lot more people taking rides, so there's less time spent waiting and shorter distance between each ride.