3 ms·
And yet people have to do this everyday out of necessity. The alternative to not driving is not no car, public transport, ride sharing, and car hire all fill a
by yardie 9y ago
And yet people have to do this everyday out of necessity. The alternative to not driving is not no car, public transport, ride sharing, and car hire all fill a need.
BTW, met a few people with marginal income. They totally wrecked their credit by buying a car. They did not foresee the TCO on a car. After loan payments, insurance, gas, and maintenance they were barely keeping afloat. Payday loans finally sank them and the cars ended up being repossessed anyway. They are still stuck paying the loan since the bank fees and depreciation weren't removed.
- copperred 9y agoI feel that many of the uber/lyft drivers are in this position. They squeeze some money out of the asset that they have, but in the long run I don't see how they come out ahead.
- astura 9y agoLove him or hate him, Mr. Money Mustache figured he's make less than minimum wage driving for Uber https://www.mrmoneymustache.com/2017/11/22/mr-money-mustache-uber-driver/ https://www.mrmoneymustache.com/2017/11/22/mr-money-mustache... That being said, it would make sense to drive for Uber in some small subset of the population: if you enjoy driving and would otherwise just be out joyriding, might as well get paid. Or if you are a student with varying classwork loads or bored people who would rather be doing something than watching TV.