4 ms·
It's high compared to a typical lease, but a typical lease also generally includes significant penalties if you go over 10,000 - 12,000 miles per year. $680 is
by cosmie 8y ago
It's high compared to a typical lease, but a typical lease also generally includes significant penalties if you go over 10,000 - 12,000 miles per year.
$680 isn't unreasonable considering the accelerated rate of depreciation and wear & tear that would come with the amount of miles a full time rideshare driver is going to accumulate. And will be mostly all tax deductible, due to the bulk of mileage being business travel.
- kop316 8y agoI have never driven for lyft, so my follow on question would be assuming 20 hr/week and 40 hr/week, what is the average and std dev of the wages of a typical lyft driver? I ask because though that is a good point, that is dangerously close to indebting a lyft driver to the company. Make them pay a huge cost for a car, and they have to drive more to make up for it. To put it in a different context, my loan for a $20k car over years was $450/month.