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So you're actually making less than that because you don't mention amortizing the purchase price of the car, right?
by ojbyrne 12y ago
So you're actually making less than that because you don't mention amortizing the purchase price of the car, right?
- dnautics 12y agoWell, I've owned the car for 3 years before lyfting, and it had 60k miles when I bought it; 90k miles when I started lyfting. The payments don't stop when you don't have a job, so THAT cost is a sunk cost, and with the miles already on the car I consider it to be basically valueless. Should I also subtract the rent that I pay for where I live? I would have moved in with my parents, temporarily anyways, (which is embarassing at my age) if not for lyft.
- ojbyrne 12y agoThe cost is probably pretty low, but you still have to replace the car at some point.