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I'm happy there is some way that someone a little short on cash can earn some extra money by providing a useful service to people without a lot of strings attac

• bdcravens 6y ago
  There are very real costs associated with ridesharing. Many states require specific insurance coverage; for example, in Texas that's an increased cost of 15-30%. Your car will depreciate faster with miles; I ballparked it at around $2000/year. I also ballpark an additional $500 or so year for increased standard maintenance costs. Someone may still come out ahead of course, and this will vary based on how much someone does it, but these costs are very real, regardless of whether you are on the left or the right.
  • 908B64B197 6y ago
    At least there's no payments (at an outrageous interest rate typically) for a loan to get a medallion on top of these expenses!
    • bdcravens 6y ago
      It's definitely a better business model if you approach it with both eyes open about what you're getting into.