Thanks- my bad. A $40,000 vehicle depreciating by 10,000 year day would mean the vehicle would be worthless in 4 years- not even scrap value. I have a hard ti

Thanks- my bad. A $40,000 vehicle depreciating by 10,000 year day would mean the vehicle would be worthless in 4 years- not even scrap value. I have a hard time believing that. At an average speed of 30 mph for 40 hours a week, that is 249,600 miles over the 4 years. Which is a lot, especially in city traffic. Still, that takes us down to 21.20 per hour. So if you are really depreciating that much over time, you are still doing better than $15 per hour. But maybe not too much more. I would recommend not buying a $40,000 car for this purpose- get something that is a year or 3 old and that has already depreciated a good bit. That should massively reduce your depreciation over the 4 years or so that you own the vehicle. :) (I'm not sure how Uber and Lyft define "late model" so that may affect this strategy some. I think anything less than 10 years old is late model.)