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They do, but they buy or lease ordinary unmodified vehicles for a year or two then flip them at auction. Zero overhead here except for the buying/disposing of v
by breput 5y ago
They do, but they buy or lease ordinary unmodified vehicles for a year or two then flip them at auction. Zero overhead here except for the buying/disposing of vehicles.
$80/day is probably a decent estimate, but once you include the optional insurance upsells and other add-ons (full tank of gas?) I bet they make way more than $80/day per car.
They also have very limited liability for what the driver does in their car while Waymo basically has unlimited liability.
- seanmcdirmid 5y agoI’m sure the costs Uber offer are accurate and not incredibly subsidized: https://www.uber.com/us/en/drive/vehicle-solutions/ https://www.uber.com/us/en/drive/vehicle-solutions/ So $260-270/week? Not sure if they have any extra fees applied, however.
- breput 5y agoDid you miss the /s tag? You are actually trusting Uber's calculation, especially when they recently had to spend $250 million[1] to try to recruit new drivers? [1] https://www.marketwatch.com/story/uber-spending-250-million-to-lure-drivers-back-to-work-as-pandemic-restrictions-ease-11617835211 https://www.marketwatch.com/story/uber-spending-250-million-...
- seanmcdirmid 5y agoI’m not sure what your piece of data has to do with how much Uber says you can rent a car for to drive for them. It seems like you want to really really believe that rental car prices advertised anywhere are complete fiction.
- breput 5y agoI clicked on the link and got "Sorry, there are no offers available in your area. Please try again later". So their rental business is limited, at best.
- seanmcdirmid 5y agoNow is a horrible time to rent a car since there is an industry wide shortage.
- aYsY4dDQ2NrcNzA 5y ago> Did you miss the /s tag? My browser’s search function spotted only one instance of that string, and it was this question.
- breput 5y agoI mean, some of them do. Hertz's recent bankruptcy[1] and outlandishly...audacious[2] stock offering is one counterpoint. But it was a crazy year+ [1] https://www.marketwatch.com/story/bankrupt-hertz-shares-soar-62-on-news-of-deal-to-exit-chapter-11-that-will-benefit-shareholders-11620845287 https://www.marketwatch.com/story/bankrupt-hertz-shares-soar... [2] https://www.bloomberg.com/news/articles/2020-06-18/what-it-means-to-buy-stock-in-a-bankrupt-company-like-hertz https://www.bloomberg.com/news/articles/2020-06-18/what-it-m...