MrCarter577:
Actually, I didn't end the first trip, Since it was on surge, I just changed the Location to Lekki. Trip ended 6,400 for 1h.30mins. Hope it's a fair price or should be higher?

CheerfulGiver:
All these are permutations and are not real analysis. You analyze based on emotions, not facts.

Come back here after you've driven your own car for six straight months. I can talk because I have.

Have you?

izzou:
I really wonder how you partners break even with collecting 30k weekly, and still handle all repairs and maintenances

Jehovah.

Of all the transportation vehicles used in Nigeria, Uber own too poor.

Sienna to Abuja - 45k to 50k a week
LT bus from OkoAfo to CMS - 10k daily (Yes... daily)
Okada for some streets - 8k to 10k weekly

Then I'll buy Corolla at 2.5 million and be collecting 25k weekly and handle all maintenances?

With all due respect, Dru23, I know this is a big request, but do you mind showing us how you break even.

Please kindly educate us on how you do it. Because I just don't see how realistic it is

IFSHR:
I have cars on the platform and I drive as well...the achievable earning (net) in this hustle is 60k weekly...which is netting 10k daily without surge

On weeks with surge...you can climb 80k to 100k net (which is not consistent)

All those peeps flying around with dashboard (most of them uses a shared account)

Is it not same Lagos....with the traffic situation (the higher the long pickups you get the higher your chances of making enough : So the question is how many long distance journey can you cover in a day, beger to lekki this days you will spend close to 3hrs, lekki to sangotedo ?.. Ikeja to lekki? Island to ikorodu? How many of this can you get in a day. What makes the work easy is surge

On the part of the car owners maintenance and repairs is on the increase but if you source for quality parts it wont be a everytime thing, if your car requires repairs every two weeks or monthly apart from servicing then something is wrong.. but you can easily renegotiate with your partner's.....25k,30k,35k,40k you decide what you want, if the driver consider it high, both of you continue the search till you get what fits

Advision:


I have been involved in the business since the days of Romeo the celebrity driver. I think he reinvented himself with a profile here.

Let's not measure balls here, I have been involved in this business when 40-45k was still the norm (around 2014). I maintain very residual interest in it, even at that I am not sure what you think you can sch me in.

yommytino:
The other time it was drivers that striked, this time around it will be car owners
Uber/Bolts Car Owners Association

IFSHR:


It's either you are guilty of this or you are not... absolutely not my headache.

Pearl1910:


Guy speak English. This is not your kparakpo meeting.

Owner that has bought car should park d car in garage and be collecting weekly rentals from his 2.5m car.
Before u where born rental has be happening, it's u that want to come and know more than the world.

CheerfulGiver:
Its headache enough for you to think that's how they do it.

CheerfulGiver:
Have you driven a car for 6 straight months? That's what I want to find out.

IFSHR:


It's a major one for you to spend all energy proving that no one does it.....speak for yourself oga ade

CheerfulGiver:
Oh I always do, with evidence. And always will

Blackbishop:


Check this out, you have 4 cars on the platform delivering 25k weekly that is 100k per week, as a business man you are not putting your home expenses on it. Per month you have 400k steady and you have up to par cars no weekly wahala.

So according to Dru he only run services and not major repair in 6 months that is 2.4milla. servicing and the minor repairs coat him 300k for the six months on all his cars that is a balance of 2.1milla left.

So as a business man he his making more profit.

Advision:


I have managed cars actively on the platform for over 3 years. In all this while, I maintained an active bolt driver account I used during the weekends when the most money were on the table.

Even without driving full time and having now retired since rentals and costs became unfavourable.

No one can run the business profitably even on 25k rental right now using tokunbo cars, not even moove with their large fleet n economies of scale. Personally when, I understood the business better, I converted all my cars to hire purchase at 35k with 300k upfront.

If there is something you think you can school me on, say it, I am listening. Dont tell you you have driven for longer than I have.

Advision:


I have managed cars actively on the platform for over 3 years. In all this while, I maintained an active bolt driver account I used during the weekends when the most money were on the table.

Even without driving full time and having now retired since rentals and costs became unfavourable.

No one can run the business profitably even on 25k rental right now using tokunbo cars, not even moove with their large fleet n economies of scale. Personally when, I understood the business better, I converted all my cars to hire purchase at 35k with 300k upfront.

If there is something you think you can school me on, say it, I am listening. Dont tell you you have driven for longer than I have.

kanuisagoat:


So when we give a vehicle to a married man how much should he remit and who will bear the cost of maintenance?

Bobbiet:
Good evening pilots....

I'm here with a knowledge seeking question.

I'm based in Benin and I've been looking for a car to ride on e-hailing.

So last week I went to a office and was offered a car with certain criteria to meet.

About 60k deposit and 2 guarantors.

I'll balance 8k daily, 6days a week.

Car is strictly on rental.

I'll be paid 50k monthly.

Pilots in the house, is this a fair deal? Can I meet up in Benin?

My target in raising enough money to get a decent Nigerian used car in less than 5months.

hopefullight:


With your write up, its obvious you are a driver and you want to Remain a driver for the rest of your life paying Partners 25k weekly.

You are talking as if the car owner contribute nothing to the business.

Let even assume the business generate 80k net income every week( "assumption) is 25k payment Not shameful and heartless to you?

With the Dashboard we are All seeing( thanks to dru, weekly remittance must be 40k expecially for corolla and other tokunbo Brands.

@DonnyE, do you have a car Doing uber?

Many drivers are craving for cars now...

Felicity0001:


I thought I made myself clear already on how much is ok for married couple and singles...

So where did you not understand?

As a matter of fact 25k is very very much okay generally so pets not create any form of segregation.

I read somebody said bolt has increase the fare, what kind of poor analysis is that? How much was fuel b4?

Its reasonable to say owners should increase rental fee due to inflation on cost of purchase of cars and cost of repairs and parts but to say because of surge and N70/km is not a technical way to argue at all.

Any owner that wants to rent at 30k and above should opt to hp and stop acting like you're doing the driver favour for his hard work by maintaining your own car. Mind you these drivers are only renting your car and no matter how long or how many years he uses the car on rental the car still belongs to you and not his so why should I rent a car for 30k and above? For what As as how na?!

If it's HP then the driver knows he's working to get something at the end of the contract but how certain can a driver drive on rental to buy his own car? How possible can a man with responsibilities be able to save 2.5m to buy a corolla?

So you guys should understand there's a large different btw rental and HP so why asking for same amount? Same owner on rental with a particular car for 3yrs wants 30k per week as one on HP, so tell me who is the selfish one here now?

The renter
The hirer
Or the rentee?

Felicity0001:


See your mouth like 40k40k... Can you drive? Do you have a car on the platform or a prospective investors? I assure you you'll be frustrated out of the business in 3months without even making 50% of your capital if you continue in this mentality of yours.

Take a uber job and see how far it is.

dapotemi:



No sir, its not easy to be honest.. Its not about lion share, its about being reasonable and fair.. I work for someone, i earn salary, i got a degree to be qualified for that job, i put in alot of effort to get that degree, i leave my house 5am everyday to get to work 7/8am....You see that my CEO, she stays in banana island, usually come to work around 11am or even 1pm, sometimes she does not show up self and there is nothing we can do.. My self and all other staff put in the CRAFT and INTELLIGENCE, facing threat every day at different bus stop, jumping bus etc.. You know what, on monday am going to walk up to my boss and explain to her, why i should be earning more than her? Pls advice me..
You see how you driver reason here..

CheerfulGiver:
You'ce not driven for straight 6 months. A simple no would have sufficed. The other conjunctions up there are a failed attempt to justify why you think 40k weekly is right.

You've not done it. So you cant actually opine based on non personal weekly driving experience. Anyone that drives full-time will never advocate for 40k weekly.

Felicity0001:


See your mouth like 40k40k... Can you drive? Do you have a car on the platform or a prospective investors? I assure you you'll be frustrated out of the business in 3months without even making 50% of your capital if you continue in this mentality of yours.

Take a uber job and see how far it is.

hopefullight:


To your quesrion, yes I can drive and I am also a Stakeholder in the industry.

If you cannot drive it for 40k others will do it.

Its dru that spoil people like u...25k weekly for a 2.5m car.

@dru23: how many years does it take you to break-even on a car with 25k?

kanuisagoat:


Wetin person go do? I went to one of these parks to make enquiries about giving them a Sienna. While the returns made more sense than bolt, I didn't like the fact that I won't be involved at all. They recruit the driver, handle repairs and maintenance and just give you your returns. At the end of two years or so, the contract ends. Unfortunately, I have learnt some bitter lessons in the past about business models like that and I can't put my money in anything where I won't be actively involved. I also know that the vehicle they will return at the end of two years will be closer to a coffin than a vehicle.

Na so I say make I manage bolt like that. Money cannot be left to idle away in the bank.

dru23:


But it is not easy at all .... Having good drivers plays a major part.. So this is why my rental is 25k ... Am not saying that my method will work for EVERYONE......