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This is a bad estimate for the cost per mile. Average depreciation cost per mile driven is ~ $0.6 [0]. Commercial insurance is ~ $0.2 Cost of gas per mile (in
by ivalm 7y ago
This is a bad estimate for the cost per mile.
Average depreciation cost per mile driven is ~ $0.6 [0].
Commercial insurance is ~ $0.2
Cost of gas per mile (in CA at 20 mpg, since most cars are non-hybrid) ~ $0.2
So cost of driving per mile is ~$1 to the driver
So really driver makes ~$15/hour when it is busy, less most of the time
[0] - https://newsroom.aaa.com/tag/driving-cost-per-mile/ https://newsroom.aaa.com/tag/driving-cost-per-mile/
- sytelus 7y agoThe cost of per mile was from AAA.
- ProfessorLayton 7y agoAAA cites 59¢/mile for an average sedan [1], further they cite the costs for average private insurance, which is inappropriate for running a commercial operation with uber/lyft. Additionally the average occupancy for an uber/lyft is much higher than typical privately used cars. Adding hundreds of pounds of passenger weight for a shared ride will yield below average MPG on a typical car, making expenses above average. [1] https://newsroom.aaa.com/tag/driving-cost-per-mile/ https://newsroom.aaa.com/tag/driving-cost-per-mile/