Don’t Get A New Car For Rideshare

In this video, Sergio and Chris talk about why you should not get a new car for driving rideshare.

Join in the live conversation and share your thoughts or ask your questions on the Show Me The Money Club with Sergio and Chris live Tuesdays 6pm est/ 3pm pst.

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  1. You Are so right about buying a new or use car to do uber – because you are going to have a high interest rate, car payment and how long is the loan for

    It just happened to me
    I got a 2020 Toyota camery
    With 12,600
    And they sold it to me like it was brand new
    The selling price was over $24,000

    I tried to talk then down to
    21,000 -22,000 they would not accept that amount for the sale, they only took off
    $350.00
    That's it I had no choice
    I had to take it because I have no other job and needed it to make money to pay my bills

    So I'm paying $529.00
    A month reg payment

    10.94 interest rate
    And they put it for 7 YEARS

    I TRIED TO REFINANCE BUT
    THE BANKS and credit union
    WANTED TO DO
    4 YEARS $700.00
    The years is better but but the payment is A lot more

    So I decided to pay the $529.00
    But I been trying to pay up to
    $700.00 I been doing OK
    I know I could of went with the banks and credit union for $700.00 Month for 4 years

    But I rather pay the $529.00 a month than $700.00
    Because it's easier to pay to the $529.00 than the $700.00 and if I have the extra $171.00 I will pay that
    I don't have to worry about
    Paying $700.00 every month
    But so far I'm doing OK
    But I hope this car is paid off
    Before I have to get new one

    So you uber / Lyft drivers out
    There don't make the same
    Mistake I did
    My advice to you uber drivers / Lyft drivers is if you need another car pay for it in
    Cash you don't want a car loan for a car your doing uber or lyft with unless it's

    About 20 hours or less your
    A week your doing uber or lyft

    So that's my story

  2. Once again these two guys without BRAINS GIVE ADVICE THAT IS NOT. THE ADVICE SHOULD BE…DO NOT WORK FOR UBER OR LYFT. THEY DO NOT VALUE YOUR TIME OR YOUR ASSET, which is YOUR VEHICLE. MUCH LESS, if you appreciate a friend, DO NOT RECOMMEND WORKING FOR THEM. NEVER DO IT!

  3. It's a fact that, in the current economic climate, the VAST majority of customers don't REALLY care what they're riding in for anything under an hour aa long as it's clean and safely operated. The relative lower price is of utmost importance to MOST customers.

  4. Uber owes me over 1k in prop 22 money they refuse to release to me. Do not invest anything into this criminal enterprise. It was once a legitimate way to earn a living. Now, it's a joke using us as their clowns and our vehicles as their fodder!

  5. The problem is that Uber/Lyft don't categorize their ride levels properly. A new driver with a Benz or some other luxury car is stuck driving X pickups. Only tiny hatchbacks should be allowed to classify for X rides, this way it forces riders to choose comfort if they want that comfy ride. It also puts extra dollars into the driver's hands. Uber/Lyft are charging studio prices for two-bedroom equivalent vehicles. Any rider can get a comfy ride at the X rate by simply cancelling until they get the car they want.

  6. That's why Uber and Lyft drivers should just quit working for Uber and Lyft and go back to regular taxi and limosine companies Uber and Lyft are ripping off drivers why should drivers keep supporting to companies that are just abusing them and stealing from them and destroying the transportation industry now they want to get into every aspect of transportation and do a monopoly and continue destroying and affecting more people worldwide now they Uber freight, Uber teen, Uber medical, Uber Air, Uber Coach, Uber eats, lime scooters, Uber yellow cab and we don't what else this people are gonna come with to keep taking advantage of passangers and their drivers.

  7. I made $88 dollars today Sergio, and when I cash out it only gave me $71 dollars, I complained to Uber and after transferring me between department they say they get back to me in 6 to 12 hours, Sergio they have done this to me before and never get back to me, they stole $17 dollars from my fu**ing pay today.

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