I recently signed up to driver for UBER. Mostly out of curiosity and who couldn't use a little extra money?
I drove my BMW X3 for two nights with UBER. I started each night by filling the car with gas. At the end of each night I refilled. I took my earnings and subtracted my fuel cost.
Here is my UBER experience - nothing UBER(or good) about it:
The first night I earned a total of $32 for three hours of driving. The gas cost me $20 leaving me with $12 for my time and wear and tear on the car.
The second night I drove for four hours. I made $36 and my fuel cost was $32. I netted $4 dollars for four hours of work! Honestly considering the miles put on my car - it produced a negative income.
The riders I had were all great people. Enjoyed that part of the experiment.
After the second night, it was clear that UBER was NOT FOR ME. Riders get really good rates compared to cab fares. UBER makes around 25-30% of your fares and does little to nothing for it. UBER WINS.
Just wanted to share my experience with those out there considering driving for UBER. I literally wouldn't waste my time.