Posted: 8/26/2015 10:42:52 AM EDT
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So I was thinking of doing it on the side UberX. I have a 2014 Mazda 6 that gets excellent gas mileage and would probably be good for this type of gig. I assume in my area the most calls I would get would be to go to the airport. The estimate for this route is $41-52. How much does Uber take out of that?
What's stopped me is giving them my SS #. |
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So I was thinking of doing it on the side UberX. I have a 2014 Mazda 6 that gets excellent gas mileage and would probably be good for this type of gig. I assume in my area the most calls I would get would be to go to the airport. The estimate for this route is $41-52. How much does Uber take out of that? What's stopped me is giving them my SS #. Do you make a habit of that when doing taxable business? |
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Do you make a habit of that when doing taxable business? Quoted:
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So I was thinking of doing it on the side UberX. I have a 2014 Mazda 6 that gets excellent gas mileage and would probably be good for this type of gig. I assume in my area the most calls I would get would be to go to the airport. The estimate for this route is $41-52. How much does Uber take out of that? What's stopped me is giving them my SS #. Do you make a habit of that when doing taxable business? 
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They need your social for tax purposes. As said above, their cut is 20% off the top. It's not a bad gig if you want some side cash. You'll never make a decent living doing it full time. Most Uber drivers are also Lyft drivers. Lyft pays better, and their app includes the option to tip a driver. Uber does not. Most fares, especially UberX, don't tip. Long trips or airport trips are a mixed blessing, because you probably won't snag a return fare to your area. Good money, but you have to figure in twice the mileage. Big college towns are also a mixed blessing - you can be very busy with a lot of fares, but you also have to deal with college kids doing dumb stuff. |
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They need your social for tax purposes. As said above, their cut is 20% off the top. It's not a bad gig if you want some side cash. You'll never make a decent living doing it full time. Most Uber drivers are also Lyft drivers. Lyft pays better, and their app includes the option to tip a driver. Uber does not. Most fares, especially UberX, don't tip. Long trips or airport trips are a mixed blessing, because you probably won't snag a return fare to your area. Good money, but you have to figure in twice the mileage. Big college towns are also a mixed blessing - you can be very busy with a lot of fares, but you also have to deal with college kids doing dumb stuff. It sounds like it would be worth it to maybe try Lyft out instead? |
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It sounds like it would be worth it to maybe try Lyft out instead? Quoted:
Quoted:
They need your social for tax purposes. As said above, their cut is 20% off the top. It's not a bad gig if you want some side cash. You'll never make a decent living doing it full time. Most Uber drivers are also Lyft drivers. Lyft pays better, and their app includes the option to tip a driver. Uber does not. Most fares, especially UberX, don't tip. Long trips or airport trips are a mixed blessing, because you probably won't snag a return fare to your area. Good money, but you have to figure in twice the mileage. Big college towns are also a mixed blessing - you can be very busy with a lot of fares, but you also have to deal with college kids doing dumb stuff. It sounds like it would be worth it to maybe try Lyft out instead? Uber is more popular and will bring you more fares. |
| always seemed like a racket to me.. you take on all the costs and risks plus add unnecessary mileage to your car.. it can't be that much extra cash and then you have to account for taxes at the end of the year b/c you're an independent contractor.. i heard one horror story from a friend of mine where something happened with his insurance and he got a bill for $1,000 in one month b/c they found out he was ubering.. |
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Quoted: always seemed like a racket to me.. you take on all the costs and risks plus add unnecessary mileage to your car.. it can't be that much extra cash and then you have to account for taxes at the end of the year b/c you're an independent contractor.. i heard one horror story from a friend of mine where something happened with his insurance and he got a bill for $1,000 in one month b/c they found out he was ubering.. The best description I heard about Uber - it's like giving them your car, in $30 pieces. Figure in gas, maintenance, wear and tear, and taxes, and there's not much left. Uber works because you have lots of part-timers who do it for extra income. The full timers either work their asses off, or they don't make enough. |
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always seemed like a racket to me.. you take on all the costs and risks plus add unnecessary mileage to your car.. it can't be that much extra cash and then you have to account for taxes at the end of the year b/c you're an independent contractor.. i heard one horror story from a friend of mine where something happened with his insurance and he got a bill for $1,000 in one month b/c they found out he was ubering.. Double check with your insurance company for this very reason. Most companies will require a commercial auto policy in order to take on fare paying passengers. |
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always seemed like a racket to me.. you take on all the costs and risks plus add unnecessary mileage to your car.. it can't be that much extra cash and then you have to account for taxes at the end of the year b/c you're an independent contractor.. i heard one horror story from a friend of mine where something happened with his insurance and he got a bill for $1,000 in one month b/c they found out he was ubering.. Thats crazy. You mean insurance companies want you to have the proper policy? Just a ripoff. Screw them. I dont need to be honest in my business dealings. |
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I've got a good friend who tried it around Tulsa for a while. She really liked it at first, and then she realized (...after a few hundred in car repairs) that the only people making money off of it was Uber.
Her car wasn't new to begin with, but she started having to put it in the shop every other week for one thing or another. She was burning gasoline like it was going out of style (she has a small SUV) THEN, she had some drunk "yellowish kind of telephone book" salesman paw all over her and then started stalking her because he just couldn't comprehend how any female could possibly turn down his sexual advances. ...finally, she quit and got a job at an upscale restaurant waiting tables again. YMMV, of course. |
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Quoted: "Don't ask, don't tell", more than likely.  Quoted: Quoted: What's the story with car insurance when you're driving for Uber?.... "Don't ask, don't tell", more than likely. (I know nothing about how Uber works, as you can probably tell.) |
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Uber has an insurance policy that covers you and your car while you have a paying fare in your car. The gray area is before and after you pick up the fare. What happens if you're in a crash on the way to picking up a fare? Odds are you're SOL. I called my Insurance company (USAA) and got ride share gap insurance. It's $10 a month. I've been making about 12-15 buck an hour, but I don't drive peak times. I do $200 a week and then go home. As for wear and tear, keep records and deduct that mileage on your taxes. I write down my mileage when I go online and when I quit for the day. By not driving late nights, I don't have to deal with totally trashed drunk people. Everybody has been nice so far. |
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It sounds like it would be worth it to maybe try Lyft out instead? Quoted:
Quoted:
They need your social for tax purposes. As said above, their cut is 20% off the top. It's not a bad gig if you want some side cash. You'll never make a decent living doing it full time. Most Uber drivers are also Lyft drivers. Lyft pays better, and their app includes the option to tip a driver. Uber does not. Most fares, especially UberX, don't tip. Long trips or airport trips are a mixed blessing, because you probably won't snag a return fare to your area. Good money, but you have to figure in twice the mileage. Big college towns are also a mixed blessing - you can be very busy with a lot of fares, but you also have to deal with college kids doing dumb stuff. It sounds like it would be worth it to maybe try Lyft out instead? I would assume you can do both simultaneously? If you get a fare while you already have one you can reject it (I assume). |
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always seemed like a racket to me.. you take on all the costs and risks plus add unnecessary mileage to your car.. it can't be that much extra cash and then you have to account for taxes at the end of the year b/c you're an independent contractor.. i heard one horror story from a friend of mine where something happened with his insurance and he got a bill for $1,000 in one month b/c they found out he was ubering.. derp What is so hard about this? Few bucks a month. Sounds like your friend is full of it. |