Buying A TESLA for UBER & LYFT
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- Опубликовано: 28 авг 2024
- The truth behind buying a Tesla for Uber & Lyft. Will buying a Tesla be worth it?
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Here's my response for anyone who thinks this isn't a fair comparison: ruclips.net/video/vXrckdiZJPo/видео.html
Brother I need your advice here , I have found a Tesla model 3 and Prius for almost the same price cash money no loans , my question now is which one to choose for a full time ride share 350+ miles a day everyday ?? Which one will take the beat and the abuse more ? Traffic, heat , etc , I trust your opinion and I need your advice
The analysis on this video did not take the added costs of maintenance into consideration. Oil changes etc. Teslas do have significantky lower operating costs overall.
I bought a used Tesla and so far racked 50,000 miles on it. It drives flawlessly.
I would hope the same is true for any car with only 50k miles.
What's your favorite thing about your Tesla?
@@FutureRideshareMillionaire I bought it used at 54,000 miles now I'm at 108,00 miles. Thing is 2019 boosted with full self driving. What I love most about it is very cheap to maintain.
it's nothing toyota taxi have 400k on them
Start to save money for a new battery, yours last only 150k
@@johny3133totally inaccurate. Why do you think they last 150k miles? They last for over 1,000 charge cycles, which translates to 275,000 miles on average.
Where you enjoy a Tesla is getting commercial insurance and starting your own private driving business then just drive rideshare to take their clients.
I have a Tesla Model Y long range. The math checks out with some variability on fuel cost estimates. Most of the time I can drive 6-8 hours without charging. I charge from 20% to 80% in 20 mins (some areas have faster super charging). I pay 0.36 cents per kWh on average that’s $15 per charge.
Maybe it's seasonal/cyclical, but I am now seeing a major supercharger station in my North Jersey area charging 15 cents per Kwh between 12AM and 4AM. Never saw that before.
Rear or all wheel drive?
@@noeljamesfx all wheel drive.
@@AndreFarrar same with my city. It’s as low as like $.20/KWh, which is dumb cheap!!!
We, the wife and I, both do gig work full time with EV's. We do have the ability to charge at home which is very helpful, but still use DC fast chargers when needed. If it's a busy time and my market is very busy right now, I use a fast charger once a day for 20 minutes to get me back to 80% at lunch time. I drive 6am to 6pm 4 days a week. My annual mix for 2023 was 77% home, 21% public fast chargers, 2% level 2 chargers. Not saying an EV is right for everyone. I highly encourage everyone to do their own research. For those interested in EV's, Plug in America and Recurrent are great resources when it comes to deciding if an EV is right for you. Plug Share is also a great tool for finding all the public chargers, including free ones. It also tells you the price per KWH. Kinda like shopping for the cheapest gas. Once again. Not telling anyone what to buy, just sharing info we have learned from our experience doing this type of work using EV's over the last 3 years.
I appreciate you taking the time to share your experience!
Here's the problem with the Prius, and all similar size vehicles, they are small uncomfortable awkward to drive awkward to get into and are hard for elderly and people with physical issues to get in and out of and therefore is a bad rideshare option, unless you're not concerned about tips or your passengers concerns
I own a few teslas FSD is not worth getting although I have it in all of mine including a model x I just got . Here in Los Angeles you can get a used long range model 3 for a steal some under 40k miles and you can go well over 100k miles with no problems doing uber . Telling anybody to buy a short range is not the right recommendation long range is the way to go and the older model 3 not the refresh. In the current inventory page you can still get a new older style model 3 long range for a good price.
Im absolutely killing it on my model 3, bought for 17k avg 200+ a day weekdays not even working 10 hours hit over 300+ Fri - Sat and with recharge at around 15$ this will 4x my investment maybe even more assuming the battery lasts to 200k miles
Thank you for sharing your knowledge
The Teslas are better because by the time you both drive 10,000 miles
The Prius would have gone to the mechanic to either fit brake pads ,change oil ,fix the clutch or fix something in the car but the Tesla might never have to go to fix anything for a whole year
Also you need to price in the maintenance on oil changes every month and oil changes for the transmission.
My model 3 is $560/month ($31500 after incentives) and I pay $31/month for unlimited charging. I don’t see how this is not good. Everything that I’m making extra (comfort, premier, etc) I’m putting towards paying off the car in 2 years or less.
The range for me is almost always enough. Only like 2 times a month I charge a little bit outside, like $4 just to extent my day.
$31/month for unlimited charging? How is that possible? That would save me money in the long run compared to gas.
@@fromabovefrombelow1272 I lease the charger from the utility company (FPL) with the electricity included.
What does after incentives means?
How much is the total loan and what is the interest rate on the loan and loan term?
I think my replies are going to your spam box.
Incentive is the $7500 federal ev tax credit that expired in December for the cheapest Tesla. My downpayment was my old Corolla that I sold for $7000 + this $7500 that I up-fronted from my tax savings fund. Total amount financed was $28.900, interest rate 5.6.
Term is 60 months but i really don’t care because like I said I’ve been paying fast.
Thanks for sharing. Proud of you for wanting to pay it off early!
Point is not only gas, oil change and other fluids, with tesla you will get premier, comfort, black etc
The new model 3 can be charged to 100% with no harm to cells. Standard aka RWD version.
Bad comparison, new tesla to a used prius, that’s not an apple to apple comparison, skews the argument, why not so used vs used, the same way you didn’t compare a used tesla to a brand new prius because that would be skewed result as well
I addressed this in the video. It's not a bad comparison because the point of this video is to convince drivers not to buy a brand new Tesla while also giving them a better alternative.
I don't think rideshare drivers should buy any car brand new period so there's no point in comparing a brand new Prius to a brand new Tesla.
I was debating between Tesla or Camry to specifically use for rideshare, I end up buying the Camry Hybrid. So far i have no regrets. Sometimes i do 51mpg on my Camry. The only downside is I don’t get Premium rides on Uber.
How much did you buy it for?
I test drove a 2018 camry xle hybrid it was 26k tax title out the door with 55k miles I'll find a prius v and wait for a camry to come down more
I really like your videos they're really well thought out and well-spoken
A used tesla is where its at. much cheaper than a new one. i just bought a 2018 models long range which qualifies for all tiers except suv, no maintenance, and much cheaper than gas.
I drive a v6 dodge charger fulltime for uber average about 20 mpg should i consider going electric eventually
Exceptionally Well Done Lesson! Thanks!
What do you think about a 2024 Toyota Corolla Hybrid LE ?
You can get free supercharge miles by doing refers like 4000 miles free also there are super chargers outside of Tesla at grocery stores that charge by the minute not the KWH like Tesla also charging at home is really cheap, a Tesla model Y which is cheaper than model 3 due to tax credits right now, is a premium car so you make more ride sharing
Loved the video
So my building has free charging for Evs so it was a no brainer.
Camry Hybrid is the best car for rideshare period. I average 50 miles per gallon and had 220k miles on the battery before it was totaled. Also the hybrid doesnt have a alternator or starter. Oil changes every 10k and some regenerate braking so the pads lasted longer.
I think the Prius is better BUT it uses the same technology. Even if we are not on the same page, we're in the same chapter!
Good video, but the only thing I find kind of wrong is the insurance quote comparison. You would be adding the tesla to your existing policy, which could result in a lower monthly depending on your estimated miles. I currently have 3 vehicles on my policy, when doing single quotes they all were above $150/month each. However under the same policy the total $201 for three vehicles.
I'm on the fence for a Model 3 or Model Y, especially with the current incentives making a new model y cheaper than a model 3.
Where you really save money is maintenance cost and used Tesla is definitely the way to go! Used Model Standard range plus with 26k miles is around $23-$28k. Great comparison video using AI. It’s definitely worth for ride share and definitely don’t finance any car for that matter. EV or gas car depreciation and bottom line if you any pay anything twice with your current income you shouldn’t be buying it anyway!! Bro I love this 👍🏽💯✊🏾
Seems to me Teslas are more of a status symbol in California. I’ll stick to my Prius. Averaging 57 mpg with $4.30 gas prices. I can’t install a home charger, so I would have to rely on superchargers. I will spend double what I spend on gas. No thank you. I inputted my info on the Tesla site and for a year, it calculated $5,400 for gas and $10,800 in electricity. 😂 outrageous.
Hey good vid. I’ve been using a 2012 Prius hybrid for 6 years.
I know you said don’t get an SUV but what are your thoughts on a Rav 4 hybrid or a Kia Nio Hybrid? They get similar mpg to a Prius, are a better overall experience/ride and qualify for comfort rides.
Cvt transmissions on the Prius are notorious for breaking down on used cars and replacing one of these would be 5,000 so you might want to price this into the comparison.
So according to national statistics Uber's minimum wage is about $20, so if you spent 7 hours of your day charging to get quot free energy wouldn't that cost you $140$? Couldn't you just work for that 7 hours and earned the minimum of $140 to the maximum of maybe 300$ for 7 hours of driving? Wouldn't that cover your gas? Average car is about 60 bucks right now in California to fill up a 10-15 gallon tank 26 gallon tank and a big truck would only cost you $110, either one of those vehicles will give you 3 to 400 miles,
Bro you’ve drank the Ramsey koolaid I love it!!!
Very good information and I agree used Toyota prius is a great option for ride-share
Also no one ever factors in wait time while charging. If you waiting 1 hour to super charge twice a day and you average 25 a hour driving thats a L.
but tesla get premiur ride that pays way more money
Idk if it’s fair to use Prius gas mileage because most people aren’t driving those , most of us get 25-30 MPG not 50 +, that’s a Drastic difference
Love your videos. Respect. This one is flawed though. If you want to convince drivers not to buy new, compare a New Prius versus a Used Prius.
There are lots of successfull Prius rideshare drivers and there are lots of successful Tesla rideshare drivers.
Love your channel. Keep up the good work
Last year I financed a Corolla hybrid xle for rideshare for 34k. Still better than the cheapest Tesla
I think hybrids are better for the hustle for sure but buying brand new hurts my soul. Try to pay it off ASAP!
@@FutureRideshareMillionaire that’s what I was working on! I’ve just had the car for 12 months and already paid it down to 8k. Taxes really fucked me this year so I’m considering selling it lol
Hi Tristan, tell me your opinion, what SUV you recommend for premier in Florida, thank you for your videos
I mean no new car is worth buying for rideshare let alone for personal use .. would like to see an update on buying a used Tesla .
I have a model 3 standard range for 4.5 years, no service, it should be added into the calculation for a Toyota
The pirus is better
People may have an issue with what I have to say but I don’t buy into the ev it was being sold as a good thing for the environment it’s not they’re overpriced also the batteries are only good for 100,000 miles on average
Can’t disagree with that analysis.
Section 179 Deduction
Qualifying businesses can claim a deduction of up to $28,900 for vehicles with a Gross Vehicle Weight Rating (GVWR) of more than 6,000 lbs.
Have you done this analysis on used Tesla ?
Your supercharging time estimates are way off
It was unfair of me to use random times when trying to illustrate how battery technology works and I'll do my best to clarify it now based on research:
Here's a breakdown of the estimated charging times to reach those different charge levels on a Tesla Model 3. Keep in mind these are estimates, and real-world charging can vary slightly.
Assumptions:
Battery Capacity: 75 kWh (common for Tesla Model 3)
Supercharger: Typical V2 Supercharger (150 kW power)
Ideal Conditions: We'll assume good temperatures and no limitations from charger sharing.
Estimated Charging Times
0-50%: Approximately 30 minutes
50-80%: Approximately 24 minutes
80-100%: Approximately 24 minutes
Important Notes:
Charging speed slows drastically as you approach higher percentages for battery health reasons.
It's often most efficient to charge just enough to reach your next destination rather than waiting for a full 100%.
What about the 2012-some 2017 model s with unlimited free supercharging
Should have done a new Prius and a used one. In the comparison.
Nope! Because I'm never going to recommend buying a new car for rideshare, period.
If a driver asks me if they should get a brand new Tesla or a brand new Prius, I'm going to tell them neither!
A used Prius is financially better than a new Tesla AND a new Prius.
Model y is cheaper than 3 as u can get 7500 federal tax credit up front
realistically the cost of fuel in CA is 5.10 avg per gallon i was thinking og purchasing a used Tesla
SOME SUPERCHARGER IN FLORIDA IS $.49 PER KWH
It might be worth recording this video again with the new financing rates of 1.99% and tax credit of $7,500.
I'll talk about it on next week's live stream. This video is a cut from a live stream (hence why it's so long)
Buy used lucid, get +400 miles range and charge at home fitted with solar panel and inverter so your Kw come down dramatically, then an electric car start to look good. Tesla is a big risk regarding quality and maintenance. Today, the best bet is a prius but unfortunately uber send the prius down to uberx and we lost comfort and electric. Bottom line, drive for uber or lyft is a waste of money and destroy your car behind resale value.
Did you forget oil change and brakes cost and the time consuming and we all know the tesla brakes last alot longer
What about tires?
Using a Tesla model 3 & I have a charger at home . I’m saving a lot money compared to my previous Camry hybrid . No regrets . I noticed my tips also increased . It’s working well so far after 18months
Get cyber truck bro
Someday 😂
As far as Uber and Lyft goes, paying that much for a car that doesn't have 7 seats is a red flag.
Make a vid on use teslas please
Nope...buy a kia soul $19,000
That’s a lot of mental gymnastics to go through to justify your point. Including multiple unfair comparisons.
First, how many people are buying cars ONLY for rideshare? Not many. So you’re buying a car in most cases for mixed purposes.
Next, gas prices are far more fluid than electricity prices. Gas could be $8/gallon next year. Electricity is regulated by the government.
Next, you didn’t mention maintenance costs. Oil changes, brake pads, and that used car will likely break down much earlier than the new vehicle.
Next, I have no idea where you get your prices for used Priuses, but $15k for a 2 year old Prius is unheard of. Everywhere I’ve looked that car is $30k. You need to go at least 10 years old to get a $15k with under 100k miles on it.
If you find this mythical 2 year old Prius for $15k then it has serious problems and you will need to spend money on it to make it rideshare worthy.
I’m not saying anyone should buy a new car for rideshare, nor am I saying anyone should buy a Tesla for it. But your points from your argument are ridiculous.
More so if you're buying a car for mixed purposes, you should have even more reason to buy it used. The only time you should get a brand new car is if you have no debt, over a million in net worth and ensuing your car isn't worth more than half of your take home pay. Getting it before those things happen will make it more difficult for those things to happen. Simply avoid that by buying used.
You can buy 4 used Priuses if they break down on you in the time it would take to pay off a new Tesla. But Priuses are known for going over 300,000 miles.
First, I'm going to make videos based on the current state of markets. Rideshare might not be here next year, so why buy an expensive car?
See? There's no way to prove that rideshare will be here next year or that gas will be 8 dollars a gallon so that's not a great point.
According to Jalopnik, Tesla maintenance costs around $832 per year, which is higher than the average of $652 for all brands. Tesla maintenance is also more expensive than other electric vehicles (EVs).
According to RepairPal.com, the average annual repair cost for a Toyota Prius is $408. CarEdge.com says that over the course of the Prius's first 10 years of service, maintenance and repairs will cost about $4,008, which is $2,756 less than the industry average for popular hatchback models.
While it can vary city to city, most places can pick a car that's up to 15 years old.
I rewatched my video and I can't see where I specifically said a 2 year old used Prius for $15,000. If I missed it, do you mind showing me?
Here's a 2015 Prius for $13,700 with 87,000 miles and I barely started looking.
I wanted to find more consistent sources but I'm out driving right now.
@@FutureRideshareMillionaire that $832 is just tires. That’s pretty much it. Yet the Prius also has tires. Brake pads (teslas seldom use their brakes and it’s not uncommon to go 80k miles in the original pads), oil changes every 3-5000 miles, transmission oil changes every 25,000 miles, etc. none of which the Tesla needs.
And there are many teslas with more than 300k miles on them, and some with more than a million.
Some recommend battery pack coolant changes at around 60k miles, but I seldom see anyone do that.
Also, just because a Prius goes 300k miles doesn’t mean that it goes 300k without repairs. Yes, if a Tesla needs a repair it’s more expensive, but it’s less likely to need that repair, and it has a much better and longer warranty in the first place.
Again, I’m not arguing that a Tesla is better. Or that you should even buy one. I’m saying your arguments are not valid.
You talked repeatedly about $15k Prius. The one you mention is 9 years old. Those repair costs you mention are not rideshare vehicles. You’re putting way more miles on this cars, so you’re likely to spend that in 3 years. And as it gets worse even more.
The fact is, ice vehicles have many more things that can go wrong, and they do.
You’re also being disingenuous about buying 4 Priuses for the same price. That’s not true unless you’re spending less than 10k on the Prius, which will be a 15 year old car with 200k miles on it. That doesn’t include the lost time from having to deal with scrapping the old car, and buying a new one every year or two.
@@erikf790Don’t waste your energy trying to talk reason into guys like this. Anyone who says “you can’t prove rideshare will be here in a year” like he did clearly isn’t very smart. That’s like saying “you can’t prove Apple will be here in a year”.. you can’t prove anything will be around without a crystal ball, but if this guy lacks the common sense and logic to see a company worth $85 billion that’s a staple of public transport at this point will OBVIOUSLY be here for the long haul.. especially when they just became profitable last year, then he’s clearly not very bright
I love most of your videos but this one is so terrible. You can't compare a used vehicle against a new one, at least do a new Prius vs new Tesla they are almost the same price. Also you have to calculate the upkeep cost of the gas car compared to the tesla which 80k miles on a Prius would be 13-14 oil changes which adds another grand. Also people need to look up the price of electricity where they live. It shows on your bills and is easy to spot, where I am it is 11 kwh so the electricity costs go down by a significant amount. I hope to see a Used Tesla vs a Used Prius video. Used Teslas where I am with anywhere from 35k-70k miles are 24k with an instant 4k rebate from the government right now. Keep putting out good content...even though I hate this video.
I'm afraid I have to disagree with the notion that you can't compare a used vehicle against a new one.
If someone asks me if they should get a new Prius or a new Tesla, I will tell them both are terrible options and that it's better to get a used Prius.
The purpose of this specific video is to convince anyone thinking of buying a brand new Tesla not to do that and instead get a used Prius. In the video, I mentioned that I will be doing a used Prius vs used Tesla comparison soon. I'm going to be making a few videos related to car buying. This is just the start of a much larger conversation.
Buy Tesla drive 150k replace battery for 25k enjoy life
Bro doesn’t even know he is not eligible for tax savings with that income. Instead of listening this guy listen owners
You cant finance a car with uber income. You need a W2 job
useless do a used tesla
You getting a tesla for Uber
What’s the most cash you’re willing to spend on a rideshare vehicle?
Good question! Until I'm debt free, the most id want to spend is $10,000 comfortably put id push to $15,000 if I had to.
I just don't want to over invest into a car while I'm broke and I believe if you have debt, then you're broke!
Once I'm debt free and have a 3-6 month emergency fund, I think the most id spend on a used car is $25,000. Id only spend that much on a used black SUV though.
Generally speaking, you car should never be worth more than 50 percent of your yearly income once you're out of debt.
Just bought one 😂 brand new. I dont care anymore at this point
Don't stop caring :(
@@FutureRideshareMillionaireToo late but I will figure it out. Thanks anyway!
Uber and Lyft it’s a scam ✊🏼
I knoyour making alotta money good brother but You gotttttta start caring about your loan score.
Why? I'm never going to use debt again. I already own a home and I'm paying off all of my debt and I'm NEVER using debt again.
Please do not get in debt for rideshare on Uber or Lyft platforms. It’s a waste of money.
If you’re paying over $$15,000 or $20,000 for a car to do rideshare, is a dumb idea. It’s not worth it. If you get in an accident your deductible is &2500. Please!! Lol
lol, get a freaking Corolla, dude….
If you want to maximize your Uber profits. Driving 80k miles a year….an EV obviously isn’t for you. WTH are you doing? $ talk requires basic common sense that you obviously got none!! 1/4 way into the video and I had to stop watching.
Can you clarify something for me? Are you saying that an EV obviously isn't for me and that I have no common sense even though....that's what I said?
So are you telling me that you agree with someone who.....has no common sense?
Edit: ohh I get it. It's because you formed an opinion without watching the video! Sheesh. Based on how you're attacking me, you either didn't watch the video at all or missed the part in the intro where I said I'm not really getting a Tesla and I wanted to show why it was a bad idea.
i wiah you would have done a used tesla there is alot of used out there with hertz
The comparison is coming!
I got a 2021 TLM3 LR for under $28k with 20k mi. So far, it’s stupid cheap to operate. I hate to say it, but driving a Prius just doesn’t feel the same. Say goodbye to getting any pussy in that car 🤣
Want to buy one. .99apr today. But i like the idea of a prius prime better.