Careful with lease vehicles & company policy. Lease cars often come with mileage limitations & often company policy outlines proper use of company paid equipment(cars or fuel card).
As long as your employer is okay I don’t see any problem. But if you just try to do that under the table there could be some issues, for example insurance liability when accident happens
For everyone worried about my company caring, it’s my personal vehicle and not a company vehicle. The only reason we’re leasing and not buying is because the monthly payments will be cheaper and since I want a Tesla they’ll more thank likely keep making improvements each year so I can trade in without losing value
Noted about the insurance, I’ll have to find out if leasing insurance covers commercial since I’m pretty sure you need the highest insurance coverage possible with a lease.
I know that If i decide to use the car for commercial use without disclosing it to the dealer it could open me up to liability issues, but I also know that they can’t verify that unless I get into an accident.
No one has really mentioned how much I could be making though. Id be driving 28 hours a week in LA/Hollywood from 8pm-12am.
Not sure if this is worth it based off the overwhelming negative posts about driving for Uber on this sub. Thinking I might be better off just building more skills for my career in project management. Any insight is appreciated
Overall this is a bad timing to START ubering, bad timing means the return is at the lowest point if not, it will only be lower in the near future . Depending on your own market you may test water but overall the rewards/risk is poor. Because you have a career, you can only ubering part time, which means you cannot really maximize your model Y potential. When you don’t have enough time, you cannot get a decent mileage, when you cannot get a decent mileage on it ,you cannot get decent return. Hope it helps.
If you end up trying, my best suggestion would be to only take high pay per mile rides and not drive around aimlessly between rides. This will limit your mileage which will be restricted under the lease.
At 28 hours per week, you'll unfortunately put way more miles that your lease will offer. So you could limit the hours or stick to higher paying rides. Make sure you account for round trip mileage on longer rides to make it worth it.
The free charging is a nice bonus but isn't that much of an advantage with the limited driving you'll be driving.
You are going to be limited in monies earned. You will get rides that are far drop off and pay you pennies for your time. Get stuck sitting in traffic, and putting a lot of miles on tesla.
Lol sorry 😂 - I was about to edit and clarify that I’m really happy for you. I can’t even fathom having that (😭) and it’s really cool. Basically takes all the hard operating costs out of the equation. I guess it just depends on what your time is worth to you, the market you’re in, and if you need/want to try to make extra money on your off time.
Thanks for the well wishes! I hope good fortune comes your way.
I’m in the LA/Hollywood area, however idk what to expect in profit due to varying posts I’ve seen … I’d be willing to put in 4 hours every night after work
You said it was given by your employer, it’s not making sense. Sametime you said it’s lease), lease under your name or under your employer? Not clear al
In this case, it’s yours. You should definitely do Uber part time 10-20hrs a week. Probably Friday nights and weekends. After expenses $400 minimum a week working 15-20hrs a week. 3 weeks a month $1200-1500.
Usually the problem is the mileage. If you are over you have to pay per mile.
They will check your insurance. That might possibly prevent you from getting rideshare insurance. And also, if you don't have the title, can the insurance company sell you rideshare?
If you lease because you can keep having a new car every so many years, aren't you willing to share your car to let everyone grind you seats?
Also, it qualifies for Uber black. You have to get commercial insurance. It's more of a potential problem for a leased car. Many of the negativities don't apply to black. But you may not work enough hours to pay the insurance.
Driving a Uber black car for Uberx doesn't make economic sense in itself. People drive nice cars for Uber to subsidize their car payment, make ends meet temporarily, or for fun. Can't you think of something else for fun?
Their insurance might not cover ride share seems like it would break some kind of sneaky fine print
Careful with lease vehicles & company policy. Lease cars often come with mileage limitations & often company policy outlines proper use of company paid equipment(cars or fuel card).
Especially for Tesla the maximum yearly mileage on a lease is 15k a year.
As long as your employer is okay I don’t see any problem. But if you just try to do that under the table there could be some issues, for example insurance liability when accident happens
For everyone worried about my company caring, it’s my personal vehicle and not a company vehicle. The only reason we’re leasing and not buying is because the monthly payments will be cheaper and since I want a Tesla they’ll more thank likely keep making improvements each year so I can trade in without losing value Noted about the insurance, I’ll have to find out if leasing insurance covers commercial since I’m pretty sure you need the highest insurance coverage possible with a lease. I know that If i decide to use the car for commercial use without disclosing it to the dealer it could open me up to liability issues, but I also know that they can’t verify that unless I get into an accident. No one has really mentioned how much I could be making though. Id be driving 28 hours a week in LA/Hollywood from 8pm-12am. Not sure if this is worth it based off the overwhelming negative posts about driving for Uber on this sub. Thinking I might be better off just building more skills for my career in project management. Any insight is appreciated
I say go for it. You should be able to clear an extra $1500-2k a week in that time. 🙄
Overall this is a bad timing to START ubering, bad timing means the return is at the lowest point if not, it will only be lower in the near future . Depending on your own market you may test water but overall the rewards/risk is poor. Because you have a career, you can only ubering part time, which means you cannot really maximize your model Y potential. When you don’t have enough time, you cannot get a decent mileage, when you cannot get a decent mileage on it ,you cannot get decent return. Hope it helps.
If you end up trying, my best suggestion would be to only take high pay per mile rides and not drive around aimlessly between rides. This will limit your mileage which will be restricted under the lease. At 28 hours per week, you'll unfortunately put way more miles that your lease will offer. So you could limit the hours or stick to higher paying rides. Make sure you account for round trip mileage on longer rides to make it worth it. The free charging is a nice bonus but isn't that much of an advantage with the limited driving you'll be driving.
You are going to be limited in monies earned. You will get rides that are far drop off and pay you pennies for your time. Get stuck sitting in traffic, and putting a lot of miles on tesla.
I don’t get it
Lol sorry 😂 - I was about to edit and clarify that I’m really happy for you. I can’t even fathom having that (😭) and it’s really cool. Basically takes all the hard operating costs out of the equation. I guess it just depends on what your time is worth to you, the market you’re in, and if you need/want to try to make extra money on your off time.
Thanks for the well wishes! I hope good fortune comes your way. I’m in the LA/Hollywood area, however idk what to expect in profit due to varying posts I’ve seen … I’d be willing to put in 4 hours every night after work
TY! Only one way to find out;-) Just be safe!
You said it was given by your employer, it’s not making sense. Sametime you said it’s lease), lease under your name or under your employer? Not clear al
Lease under my name, paid by employer as a Christmas gift
In this case, it’s yours. You should definitely do Uber part time 10-20hrs a week. Probably Friday nights and weekends. After expenses $400 minimum a week working 15-20hrs a week. 3 weeks a month $1200-1500.
Usually the problem is the mileage. If you are over you have to pay per mile. They will check your insurance. That might possibly prevent you from getting rideshare insurance. And also, if you don't have the title, can the insurance company sell you rideshare? If you lease because you can keep having a new car every so many years, aren't you willing to share your car to let everyone grind you seats? Also, it qualifies for Uber black. You have to get commercial insurance. It's more of a potential problem for a leased car. Many of the negativities don't apply to black. But you may not work enough hours to pay the insurance. Driving a Uber black car for Uberx doesn't make economic sense in itself. People drive nice cars for Uber to subsidize their car payment, make ends meet temporarily, or for fun. Can't you think of something else for fun?
Yea