Driving for UBER is a lot like performing those $3 mortgage inspections that “maybe” have a profit of $1.50.
The UBER driver writes: With Uber expenses, vehicle expenses, and vehicle depreciation of 15,584…not only did I not make money but I lost almost $4,000. So why did I continue to Uber? Honestly, I had no clue that it would be such a large financial loss. I figured I was at least making minimum wage. After crunching the numbers, though, I know this isn’t at all true. I wish I would have taken a part-time remote home job as I would have made over 10,000 and have 16,000 fewer miles on my car.