Doesn't cost me 57 cents a mile to run my vehicle. It costs me 22 cents a mile. Now, that amount can rise or fall with gas prices and of course unusual maintenance requirements.piscator wrote:Uber is in business to profit from the financial naivete of their drivers, who don't realize the reason they can write off so much of their Uberincomes as mileage is because they are actually spending more than that per mile to operate a vehicle.
Uber drivers only occasionally get tips.'I pad my miles on my income tax returns, and show a loss that even lowers my wife's taxes. And the tips cover the gas/oil. IRS never sees the tips, or the cash munny bootleg rides I give either.' -- Hypothetical UberSucka
If you drive your vehicle enough to make cash flow with it, you're well over miles on any noncommercial vehicle lease and will write a check to GMAC before you lease another vehicle from them.
Only if you lease the vehicle.
Only if you lease the vehicle.If you have a commercial lease, you're still paying for every mile, only at a commercial rate and with commercial insurance, because insurance companies invented CarFax and every other vehicle tracing system in the world, and they'll know your VIN is involved in a commercial lease before you drive it off the lot.
Of course not.If you're financing your vehicle, you are definitely upside down if you're putting more than 12k miles/year on it, which even if they are all paid miles that's not much of a living after you back out the costs of the lease, insurance, gas/oil, extra maintenance and repair. You ain't gonna finance another vehicle without paying for every mile you racked up on your trade. No free lunch.
Or drive a quality vehicle that doesn't break down at 50,000 miles. Like a Benz.Yep, the only way to come out ahead is to cheat, or have a vehicle that fixes itself for free...
Red herring.Steal gas and oil? A little risky over time. Spend $5-$6k on a new dash/binnacle, put it in, drive like hell with zero concern for miles, then put in the original with low indicated miles back in at the end of the lease or when it's time to trade up? The Man is wise. That sort of fraud makes you an outlaw in his eyes. Riskier than hijacking fuel trucks. Saul is not cheap and would have to be included as yet another expense that has to come off your Ubergross, as Saul always gets his $$ on the front end...
Beats living in a cardboard box, and I don't have to work for a dick like you.In short, unless a driver "pays his vehicle first" he has very little chance to operate in the black over a 5-year span. If he does "pay his vehicle first", he's making about what he would washing lettuce for a non-union grocery store.