doe anyone itt spend $1200/month on car insurance or servicing? I didn't even spend $1200 total on my car all year

It's $300/week to rent the car?

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Car depreciation is the main expense. Especially since Uber requires you to own a relatively new car (less than 10 years old) and depreciation is huge on those new cars.

You're coming in at over 100% depreciation annually on any car you could get.

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For a relatively new car that will be approved by Uber, it's something like:
$200 per week if you drive 500kms
$300 per week if you drive 1300kms

The more mileage you do, the more wear and tear you do to the car, so naturally, car companies are going to charge you more.

Not really true about the marriage thing, defacto is treated the same for a partner visa.

$300 a week for the car is up there with buying Microsoft Office. You still haven't mentioned tax?

And the last sentence, you realise that's the same for all jobs, right?

For the type of people they are likely renting to it's probably underpricing the car relative to their risk.

Nah they definitely discriminate. If you're not married, then they want to know your date of intended marriage, and in many cases, they'll delay granting you the visa until after this day has passed, just to make sure you're legit. The whole system is stupid.

$300/week is a very fair price to pay to rent a car that's:
1) Relatively new and will thus depreciate fast
2) Comes with full comprehensive rideshare insurance (the most expensive form of insurance)
3) Intended to be used to drive full-time, thus putting on a lot of wear and tear to the vehicle.

Tax only applies if you're earning more than $18k per year. So it won't apply to me at all this financial year (ending 30th June), and if I'm splitting my time between Uber and poker, I might not earn more than $18k in taxable income next financial year either. So if I'm paying any tax at all from this job, it won't be much.

I've been through the process myself and didn't pay ridiculous money for an agent. It's really not hard, just some forms and evidence etc. At no point do they ask about marriage. We got approved very quickly.

The stupidity is not in the price, but in the fact that so much of your income is going to it. Planning on making less than 18k a year is weird based on the fact you said you planned on working 50 hours a week. Seems like you're just giving yourself an out.

https://www.etax.com.au/uber-tax-gui...-uber-drivers/

you say uber requires a new car, then you say it can be up to 10 years old....

you could get a cheap 2013 (which would be eligible to drive for uber at least 4 more years) for like 6k and monthly depreciation would be negligible. if you borrowed the 6k from a friend and payed it off in 2 years it would only cost $250/month. add on $100/month for insurance and $150/month for maintenance and you're still at $500/month instead of $1200, plus you own a car.

Do they have Lyft there too? If they don't and everyone uses Uber, then hell yea. If both companies are there, double dip but mainly for the "bonuses"

Like, each company usually does a "$75 dollar bonus for 50 rides in a week" or something like that. Pop one out for Uber, then switch to Lyft, then back to Uber etc.

Congratulations on the marriage. I Surprisingly enjoyed the chess write up despite having next to no interest in chess. Will be looking forward to your next chess tournament update.

Also good to see you setting up a productive source of income! Hopefully its successful and sets you up for your next endeavour.

All the best

6b, still young and dumb. You appear much happier though so I'm happy for you. Good luck with jobs and marriage.

It's completely impossible to get a 2013 car in roadworthy condition with a working engine for 6k. You're looking at at least double that price.

Plus you'll never get rideshare insurance for $100/month. You'll need triple that.

Plus you'll need almost $100/month for rego.

Plus depreciation is never negligible if you're driving full-time. After your car gets to about 300,000kms (which is only 3 years of use if you bought the car at 150,000kms), it basically becomes unusable. So you've lost 12k in 3 years, which is 4k per year of depreciation expense, which is more than $300/month in depreciation expense.

Plus it will cost about $300/month for servicing if you're putting on 5000kms per month of mileage.

So in total for the month:
$100 rego
$300 servicing
$300 insurance
$400 depreciation
= $1100 total monthly cost (not including fuel), which is only slightly cheaper than renting a car.

And if you're paying interest on the car loan, then it basically ends up costing you the same price to buy a car as it would to rent a car, except that you're more tied down when you buy. So renting looks superior to me.

Thanks skuzlad! I miss you <3

Thanks isolated! Yeah I think I am happier tbh. Taking a break from poker really helped clear my mind.

Bro, I bought a car off craigslist for $1450. Buy an old used Toyota Corolla or something and get a real job. Eff driving for Uber with a car you don't even have. Renting a car to drive Uber sounds really dumb to me.

Congrats on getting married and good luck with everything else.

I did it before just to see what it would be like but with Lyft instead of Uber. You are in for a big surprise if you think you will be grossing $1,600 each week. I bet most weeks you won't get half of that. I live in a decent size city with festivals, concerts and activities out the ass and it was still hard to make decent money. Sometimes I would be sitting at like $35 after 4-5 hours when you count in your gas. You mentioned airports...have fun with that. For pick ups you have to get in a queue and wait. Most of the time when I would check it there would be 40-50 cars waiting in the queue. It's also dangerous as **** these days. 3 out of the last 4 drivers that have picked me told me they have been robbed at least once and 2 of them held at gunpoint. It's a crazy grind man...good luck.

maybe its different in kangaroo land - but I have a few slacker palz who did (operative word being did) exactly what you plan on doing. They both had high hopes - get a car on lease, insurance, blah, blah, blah. By the time they paid for all the crap they earned a fraction of what they were hoping. One of em stuck it out for several months. Both of them returned the car and were more than a little frustrated and felt taken advantage of

that being said - best of luck mang

Yeah, Uber seems more feasible as a full time gig, by many accounts, in 2nd world countries than 1st world countries... The peeps that did it in the latter, was mainly as side income, to stay out of trouble/out of the house or knew how to cut down in expenses (mechanics and whatnot). This said, GL OP, these are nonetheless positive changes, me thinks, even if you should look into cutting expenses in the future if you want to be successful at self-employment

I don't even know where to start with this. gl man, I hope it works out

For real...I have a 2011 GMC Sierra truck that still looks brand new. We are over halfway through the month and I have literally spent $40 on gas and $12 on a car wash.

Almost as dumb as taking out a loan to play poker.

Oh wait...

oh man....did we just punt another 3k we didn't even have or what?

Yep. To me the only reason for using an agent would be if your English wasn't super strong so you weren't confident reading the forms correctly.

Money skillz still up to scratch I see.

I am far from a hustler but LOL @ paying an agent to do your application, these people are for migrants who can’t speak English. LOL @ hiring a car to do Uber, either you use your own car or you are going to be boned for money. You’d be better off being a hired driver. Uber is best done as a side hustle, which brings me to my main point: LOL at not getting a real job.