> According to this Consumer Reports article, “the median car costs more than $9,100 a year to own” over the first five years of ownership driving 12,000 miles a year. That means the median cars costs about 76 cents per mile driven ($9100/12000). I’m just guessing that I’ll average a speed of 30 miles/hour while I’m doing my Lyft job. So my expenses will come to about $22.80 per hour (0.76*30).
Doesn't that $9100 a year median include a bunch of fixed costs (or at least costs that wouldn't grow linearly with the mileage driven)? e.g., the lease/cost of car itself, insurance, etc. I'm not saying this would take the profitability of being a Lyft driver from pretty terrible to great, but it does seem like a pretty significant oversight.
Doesn't that $9100 a year median include a bunch of fixed costs (or at least costs that wouldn't grow linearly with the mileage driven)? e.g., the lease/cost of car itself, insurance, etc. I'm not saying this would take the profitability of being a Lyft driver from pretty terrible to great, but it does seem like a pretty significant oversight.