Romeo3:


For godsake, this bloody car made me 27,800 yesterday from 8500 naira fuel.

if a car does that on a regular, abeg, what is 9,300?

if i dont take care of it, who will?

itzlabode:
hi guys,

I have learnt so much as regards uber on this platform. I really appreciate everyone.

1 last question. my car is a " car loan" given to staff in my company, so the name on the documents is "company/my name" , do you think Uber will accept this? I need answer swiftly so I can make critical decision.

Regards

bigass:


88hrs is not only. That's more than 12hrs per day. Seriously try and walk around in between to prevent blood clots from long sittings

pearsy6:
Looking for a driver for immediate employment. Driver must reside around gbagada/bariga/yaba/somolu axis.
Must have a valid driver's license
Must not be older than 38years
Must be familiar with Lagos road.

Interested persons should reach me on pearsedavid6@gmail.com

OlugbengaE:
The math has been written out all over the internet. When you drive for Uber, you are essentially borrowing the future value of your car from yourself, to pay yourself today. The maintenance costs alone barely keep up what Uber pays you. So while you may get away with no costs in the short term, eventually you're going to have to pay down the road.


https://www.youtube.com/watch?v=fgQPj90OrQE

OlugbengaE:
The math has been written out all over the internet. When you drive for Uber, you are essentially borrowing the future value of your car from yourself, to pay yourself today. The maintenance costs alone barely keep up what Uber pays you. So while you may get away with no costs in the short term, eventually you're going to have to pay down the road.


https://www.youtube.com/watch?v=fgQPj90OrQE

jpworld:


Correct

OlugbengaE:
The math has been written out all over the internet. When you drive for Uber, you are essentially borrowing the future value of your car from yourself, to pay yourself today. The maintenance costs alone barely keep up what Uber pays you. So while you may get away with no costs in the short term, eventually you're going to have to pay down the road.



https://www.youtube.com/watch?v=fgQPj90OrQE

nitigriti:
Here's a framework for thinking about the math in this Uber business. Two things DEPRECIATE the value of a car - 1) Mileage, 2) Age. The way I figured this out, our Uber cars will still depreciate (age) if we decided, for instance, to park them in our garage and not drive them. Using these cars on Uber piles up miles on them in a relatively short time; thus reducing their resale value. The right game plan is this - use the car on Uber for max of 18 months; then sell and trade up to another car. My two cents; though

Romeo3:
never ever engage pessimists in their negativity or else they become wise in their own eyes.

that is all i have to say.

Romeo3:
the problem is greed.

you do not own a car. you are driving for someone. or you are driving HP for someone and you want to make millions while driving another persons car?

majority of lagos uber drivers are dumb by default.

you are dumb if you do not know lagos roads very well and you cannot use gps very well and you decide to join uber just because you heard there was money in it.

these things require Just more than the ability to drive. being able to drive doesnt make you an uber driver. you have to be smart.

for christ sake majority of these guys cannot even use the uber drivers app. all they are interested in is to just tap the circle any time a request comes in.

price reduction + incentives + promotions = more money.

if more money isnt involved no one would bring it up. its like these people also forget that price reduction also means a reduction in the value of the 25% that uber collects.

in the former price regime on a 2000 naira trip uber makes 500.

in the new reduced fares where a 2000 naira trip now costs 1000 naira does uber still make 500? no. they make 250.

does any one think a company like uber will set up a business model that will make them lose money?

Romeo3:
the problem is greed.

you do not own a car. you are driving for someone. or you are driving HP for someone and you want to make millions while driving another persons car?

majority of lagos uber drivers are dumb by default.

you are dumb if you do not know lagos roads very well and you cannot use gps very well and you decide to join uber just because you heard there was money in it.

these things require Just more than the ability to drive. being able to drive doesnt make you an uber driver. you have to be smart.

for christ sake majority of these guys cannot even use the uber drivers app. all they are interested in is to just tap the circle any time a request comes in.

price reduction + incentives + promotions = more money.

if more money isnt involved no one would bring it up. its like these people also forget that price reduction also means a reduction in the value of the 25% that uber collects.

in the former price regime on a 2000 naira trip uber makes 500.

in the new reduced fares where a 2000 naira trip now costs 1000 naira does uber still make 500? no. they make 250.

does any one think a company like uber will set up a business model that will make them lose money?

jarkbauer:
Did you guy see the Afolayan Uber ride price
90 euros for 35kms

thats 38k
In Nigeria that will be less than 2500

naijacutee:


I think you're comparing apples with oranges here. The last time I went to Paris 7 years ago, I couldn't find anywhere to eat for less than 25Eur. Perhaps it was just where I was, but I couldn't even street food and I paid like 100 Eur for a rubbish hotel room that looked like a hostel. It is a very expensive city, so prices probably reflect that.

Only God knows how much things cost now

Romeo3:
people do not like the truth.
...................
if you make 60,000 a week that is 240,000 a month and in 12 months it is over 2,800,000 in profit.
with that kind of money, you can change your car engine and car gearbox 2 times a year if they breakdown. that is why i am always quick to rubbish the depreciation claims etc.
if you are making that kind of money and you cannot maintain your car then shame on you.

jarkbauer:


I can never compare the two in real times but such should at least cost 10% in Nigeria

dejidotun2000:
What is your basis for assuming that any one service or commodity in Nigeria(Lagos) should cost 10 percent of what it cost in France(Paris).

Raiyell:
Hi everyone, good morning.

Please I need clarification on something. According to what I have read on this thread, the minimum car year is 2008, while on Uber website it is 2003.

Has it been changed? Really confused.