What poor and middle class assets does SoftBank manage? (EDIT: Nvm. I misread “vehicle” as an investment vehicle.)
https://www.uber.com/us/en/drive/boston/vehicle-requirements...
It probably isn't paying enough for you to buy a brand new car with a loan and drive that around for them. But they're not making you do that, either...
I think that depends on how much you paid for the car and how long it will last (depends on quality, how good the maintenance is, and luck). Also, cash pays the rent and lower depreciation doesn't (unless you sell the car), so some people may prefer this to borrowing money.
I’ve driven a Prius for Uber and think so fared quite well using the irs mileage deduction rate to offset almost all my revenue and paid nearly no tax, legally and covered actual depreciation.
It’s funny to think 10 years of drivers are somehow idiots.
I have done the math and am comfortable with my decision. I made extra money and it worked out fine. I understand depreciation and it’s the cost of goods.
Are you aware that many jobs have supplies that are used up in the performance of your job?
It’s pretty basic arithmetic that there are many scenarios where driving for Uber is a perfectly fine choice. Not everyone is driving an F150 and sitting in traffic. Lots of people drive efficient cars and are happy.
The reason people drive for Uber for many years isn’t because they are somehow dumber than you and not aware of basic things.
Not judging that- the reality is somewhere in between they can't afford to do much but stay alive due to inflation and housing costs out of control and that they need to stop getting $7 Dutch Bros. coffee every day, DoorDash every night, and Taylor Swift tickets for $1000.
Some examples are like - I paid off my student debt by not going to coachella or doing optional things (that I observed others doing). They might get it cancelled for free. They got Coachella + Education, I only got Education. Rinse and repeat for all sorts of delayed gratification steps.