If you’ve joined the growing ranks of Uber drivers out there, or are thinking about it, owning the right car can be a difference-maker between putting more cash in your pocket each month, or not. Buying new is probably not an option for most due to several factors, starting with the higher price of a new car which will jack up your monthly payments. Insurance premiums will also be costlier for a new vehicle, and it will then probably depreciate in value by up to 20% soon after you drive it off the lot- but more on that later. So for most Uber buyers, purchasing new simply isn’t practical with respect to your profit margins, which then leaves you with the option of targeting a quality used car for your business.
That said, it’s important to find a vehicle with the best value for the price that also won’t nickel-and-dime you each month with expenses. Then there’s the fact Uber operates 4 different rideshare platforms and that your car must conform to the guidelines set forth within the platform(s) of your choosing. Before coming on board, new drivers must also pass an Uber auto inspection, which means the one you buy needs to be up to their standards. To simplify matters, Uber now publishes a pre-approved vehicle list for its drivers, with vehicle requirements broken down by platform. All of these factors come into play when you’re considering which used car to buy. So if you’re an Uber driver who’s looking to upgrade your revenue-generator, here are some tips to help direct you towards making the best used auto buying decision.
Every used car is unique due to its history including upkeep. Rule #1 is to never pay more for a used car than you should, because doing so will haunt you every month when an unnecessarily high payment’s due, and that could significantly diminish your Uber profits. Online sites like Kelly Blue Book ( www.kbb.com ) and Edmunds ( www.edmunds.com ) are great ways to price shop comparable vehicles by make, model, year, and mileage. Read the online customer reviews, and how their experiences relate to your driving needs. In addition to a monthly car payment, other operating expenses Uber drivers can expect include:
Taking under advisement all the above points, finding the best overall used car value as you look to maximize your monthly profits will make a world of difference as your Uber career plays out.
As was mentioned above, Uber maintains at least 4 service levels in each city they operate in based upon passenger needs, from basic UberX to the top-end UberSUV. Each platform features different rider comforts and vehicle features that must be provided in exchange for riders paying higher rates. For the most part, all approved Uber vehicles must also be 10 years old or newer, although that varies by region. In general, you’ll want to find a car that’s roomy, comfortable and dependable to optimally accommodate your passengers. Also bear in mind that ridesharing needs differ from your personal ones, so that used 2-door sports car you’ve been eyeing is probably not the best option for your Uber business.
You also want a reliable car that won’t break down when you’ve got a carload of passengers. That’ll probably mean kissing your tip goodbye, but not that bad online review they’ll post about their experience- and that’s simply bad for business! Additionally, providing these passenger amenities will go a long way towards guaranteeing a more positive ridesharing experience for all:
Combining these passenger comforts with your monthly operating costs, here are some of the
best used vehicles for each Uber platform based on feedback from both Uber drivers and their passengers, according to ridester.com :
There you have it: the best used auto values from the perspective of Uber drivers and the satisfied passengers that use them. As your career moves onward, we wish you nothing but success with your Uber driving venture!
As the ranks of Uber drivers continue to grow, Auto City has worked with many of them at our used car dealership in San Diego . At Auto City we really enjoy assisting Uber drivers, as our huge inventory of top-quality used cars, affordable prices and low-pressure sales approach serve their needs well. We don’t allow lemons or inflated prices, but we do sell affordable and dependable used vehicles that first undergo a multi-point inspection by qualified technicians. For the Uber drivers who stop in, you’ll find a wide-variety of reliable, fuel efficient and comfortable better used vehicles to meet your needs no matter what your Uber driving level is. All our vehicles come with a vehicle history report upfront so there’s no guesswork, an ironclad warranty and 3-day, no questions asked money-back guarantee. On-the-spot financing is available, so even if your credit history isn’t the best or you’re a first-time buyer, we’ll get you approved. Whether you’re an Uber driver or not, we’ve devised an overall car buying experience that’s enjoyable, seamless and stress-free! Start your search at Auto City.