3 ms·

According to various online calculators, the average operating cost for a Prius is about $0.11 per mile. Includes fuel, depreciation, repair, maintenance, etc..

According to various online calculators, the average operating cost for a Prius is about $0.11 per mile. Includes fuel, depreciation, repair, maintenance, etc... Uber drivers are doing way better than $0.11 per mile.

walrus01 4y ago
I am extremely skeptical of that calculation because a Prius costs $30,000 or more now. Maybe operating cost but not fully loaded cost including something like a 48 to 60 month car loan.
- missedthecue 4y ago
  Acquisition cost of the car is only a consideration if you bought a Prius solely to Uber. If you bought it because you want/need to own a vehicle, and you use it to Uber as well, the depreciation is the relevant factor.
  - walrus01 4y ago
    the overall lifespan in miles or km of the car until it's used up and has almost no resale value is a consideration, if you put 200,000 km on a car doing city driving as an uber, that's consuming a considerable portion of the original total purchase price of the car. 11 cents a mile comes nowhere close to account for that, as reflected by the fact that the IRS mileage reimbursement rate for use of personal vehicles for business purposes is presently 58.5 cents per mile.
    - missedthecue 4y ago
      IRS allotment is famously generous. Depreciation in the figure I provided accounts for the resale value dropping with mileage. If you drive 200,000km for Uber, you're making tens of thousands of dollars.
plorkyeran 4y ago
That number is very obviously incorrect. Fuel prices alone are currently close to $0.11 per mile for a brand new Prius getting the manufacturer's estimated MPG (58/53). Even if you assume fuel prices at half of what they currently are and zero expenses other than the upfront cost of the car and fuel, it would take 500k miles to hit an amortized cost of $0.11 per mile.

3 ms·

According to various online calculators, the average operating cost for a Prius is about $0.11 per mile. Includes fuel, depreciation, repair, maintenance, etc..

by missedthecue 4y ago

walrus01 4y ago
I am extremely skeptical of that calculation because a Prius costs $30,000 or more now. Maybe operating cost but not fully loaded cost including something like a 48 to 60 month car loan.
- missedthecue 4y ago
  Acquisition cost of the car is only a consideration if you bought a Prius solely to Uber. If you bought it because you want/need to own a vehicle, and you use it to Uber as well, the depreciation is the relevant factor.
  - walrus01 4y ago
    the overall lifespan in miles or km of the car until it's used up and has almost no resale value is a consideration, if you put 200,000 km on a car doing city driving as an uber, that's consuming a considerable portion of the original total purchase price of the car. 11 cents a mile comes nowhere close to account for that, as reflected by the fact that the IRS mileage reimbursement rate for use of personal vehicles for business purposes is presently 58.5 cents per mile.
    - missedthecue 4y ago
      IRS allotment is famously generous. Depreciation in the figure I provided accounts for the resale value dropping with mileage. If you drive 200,000km for Uber, you're making tens of thousands of dollars.
plorkyeran 4y ago
That number is very obviously incorrect. Fuel prices alone are currently close to $0.11 per mile for a brand new Prius getting the manufacturer's estimated MPG (58/53). Even if you assume fuel prices at half of what they currently are and zero expenses other than the upfront cost of the car and fuel, it would take 500k miles to hit an amortized cost of $0.11 per mile.