XGhost:


I addressed all 3 factors you pointed out.
Cost of startup is integral cos that to a large extent influences your break-even point. If I enter at a lower price point than you with marginally higher operating cost, I will most likely break even before you.
For perspective, it will take me 160 days of buying petrol of 5k daily to spend 800k on petrol.
Parts of the S40 as far as I know are at par or cheaper than the Corolla.
Plus build quality of both cars cannot be compared at all. Superior build quality usually translates to better durability.
So make of these what you will. Good thing you know how much a corolla costs and I've shown proof of mine.
Numbers never lie

U r right but u r still speculating...use the car, one year then u can tell us objectively which is better. We know cost of d cars and initial fuel consumption...even fuel consumption will change when the car begins to work morning till night with our engine oil.

Honestly me sef they find cheaper alternative to Corolla/Civic, but I will not dive in until it has been proven so. That's why am engaging u. I will be waiting for that review after 1year.

Let me give u an example, find out how much full light and bumper of a pontiac vibe 2003-2006 is now. This car is basically a matrix/corolla in engine and suspension but for the body. But until d day u need to buy the front bumper or full light then u will wish u never bough the car.

dru23:


It fit cost o... Send me ur whatapps number

I will send u a mail

FuckEveryday:
There's a thread Currently on front page of a guy in-between working as a bank teller or as a bolt driver.

I'm not a fan of bank Jobs, and I won't say bolt is the best either. My problem now is the useless clowns posting earnings on the thread to encourage the guy who already thinks he can make the bank monthly salary in 6 days by driving with bolt.

One even posted December earnings to prove a point. I know you're in this thread but since they don't allow posting of earnings here anymore you decided to show your stupidity outside. I believe you should be a fleet manager by now with that earning.

Telling people they can make 80k weekly and 50k on special festive days is just all shades of wickedness if you ask me.

CheerfulGiver, this guy dey use style find your trouble

OJURONGBE1:


CheerfulGiver, this guy dey use style find your trouble

the guy Na mumu. I posted last 3 weeks earnings. Not December. Eye dey pain am

How is this December ?

XGhost:
I generally like to read comments here to amuse myself.
I'll drop this here for people who can think.
For context, I started e-hailing with a corolla, moved to a Civic 04 (dru23) and now I use a Volvo S40.
In my opinion, the corolla is not worth the hype and the hassle. There's more to a car than fuel efficiency and I must say that the corolla is not exactly fantastic in this regard especially when you contrast it against the sacrifice of performance and comfort that you're making.
In April 2017 my corolla was bought for 2.2m and sold last year for 1.230, that's a hit of 950k. In those 3 years, I changed the hub and suspension assembly, AC components, then it had a brain box issue later NO engine/Transmission issues.
April Last year I got a used civic 04 for 450k, spent about 1m on it for the 1 year I had it. Oven bake, suspension assembly, AC, electrical ish and regular maintenance inclusive. I sold it last week for 530 without issues. So give or take a 1m hit.
Got my S40 for 1.7. CLEAN civic EX trim was priced at 1.9 (that's the least I saw) Corolla, lol, we know how far so no need.
While the S40 is not giving me the fuel efficiency of the civic or the corolla, performance and comfort is millions of miles ahead of the Japanese. My S40 is FULL OPTIONS, leather, power everything, parking sensors EVERYTHING and it moves like a dream. Add the humbling it gives riders when I pull up and they enter inside. Since I got it, no rider don talk rudely to me lol.
Now the numbers. While the S40 is not doing the fuel economy of the corolla, it is 800k less to buy today. For clarity, my corolla was doing 1ltr per 10km, S40 is doing 1.15 per 10km. So that's Ask yourself, how long will it take me to spend that extra 800k on petrol?
The parts of the S40 I HEAR are cheaper than the Corolla, I say I HEAR because I have not had to change anything yet. I know for sure that engine and transmission are much cheaper than the Corolla sha. So where exactly is the economy?
The 2nd hand value myth, I have debunked several times here. Mind you, the figures for the Corolla was only purchase price. In those three years about 700k was spent on maintenance. Add that to 2.2 then subtract the price it was sold for. I didn't talk much about the civic because its own parts are much much cheaper than the Corolla parts, imagine changing complete hub assembly (hub,brake discs, brake pads, ball joints) for 16k. Compressor was 15k. Parts were cheap And they lasted till I sold the car.

I primarily felt the need to post this because I adviced someone who had saved up 1.4 but was looking for a loan to add so he could get a toks corolla. I told him to take that money and buy a toks civic 04 or 05. He said na corolla or nothing, as he no see toks money, he bought a naija used and now he has his mechanic on speed dial.

There's nothing in this business like driving your own car. If you have saved up something go and get a used civic, BE SURE to do your due diligence before buying, but I will tell you categorically that your risk exposure is less with the civic. You will make the same amount of money but you'll spend less.

Nice and info-packed stuff there, I must say!

Better money, better choices..... I'll get there!

flam5:

Bro, you can't win argument with corolla guys. I suggest you make your detailed point and move on. You don't know how many people you have touched with your content.

I see that...
It's very interesting

judymoz:
Good morning all, please guys i need a car to work with on weekly remitance bases.

Please if you do have or know anyone that can drop his/her own, please link me up.

Is stay at Obawole Ogba Lagos, and i have an active bolt account.

Here is my Whatsapp num - 07039544847

Thank you...

After you see one and another offer open, abeg boss, quote me o... Good luck to everyone on this table!

lanre2009:
Bolt inspection was at NNPC, at isheri bus stop, while uber inspection was at CAR45 inside JENDOL Supermarket, close to olugbede market Egbeda

Okay, thanks.

CheerfulGiver:
the guy Na mumu. I posted last 3 weeks earnings. Not December. Eye dey pain am

How is this December ?

This earning na Bolt Abi na Uber. ? It's freaking too much. Sanwo Olu must enforce weekly tax on u drivers. You guys are making money

dru23:


Sometimes driving your own car is not always what is crack up to be .... My advice is to learn to drive for others by getting the experience .. If you can maintain a rental car than it is a good start.....

People don't realize the expenses that comes with this job .. The maintenance and looking for good mechanics that know their onions.. The downtime that you will face.. A single repair can eat up all your profits in two weeks in 1 day .. Or even bankrupt you

And if you are driving for yourself and you don't have the discipline and experience to manage all these challenges you will end up broke up. Driving for yourself is an advantage but it is not an automatic win. You need discipline.......

I know a driver on rental that thought he knew it all . He got his own car and drove for God knows how long . And back on rental again switching from 1 model car to another.. Now back to his own car .....so it takes experience and discipline to drive on ur own.......

True!

FuckEveryday:
There's a thread Currently on front page of a guy in-between working as a bank teller or as a bolt driver.

I'm not a fan of bank Jobs, and I won't say bolt is the best either. My problem now is the useless clowns posting earnings on the thread to encourage the guy who already thinks he can make the bank monthly salary in 6 days by driving with bolt.

One even posted December earnings to prove a point. I know you're in this thread but since they don't allow posting of earnings here anymore you decided to show your stupidity outside. I believe you should be a fleet manager by now with that earning.

Telling people they can make 80k weekly and 50k on special festive days is just all shades of wickedness if you ask me.

Na pearl1910 they mentor them assisted by goat Kanu

[img]https://media1./images/0e70fcc94f9fa790a43f4928594776a2/tenor.gif?itemid=13865846[/img]

Pearl1910:


Your message is not clear o

We now have gift cards for Uber and Bolt rides. If anyone presents gift code from Vouchers for Africa you can verify in 30sec and get value via support number listed(text, call, whatsapp), twitter handle or on www.vouchersforafrica.com. Each time rider uses VA gift cards for a ride, driver gets a token.

Is it clearer now Sir?

XGhost:
I generally like to read comments here to amuse myself.
I'll drop this here for people who can think.
For context, I started e-hailing with a corolla, moved to a Civic 04 (dru23) and now I use a Volvo S40.
In my opinion, the corolla is not worth the hype and the hassle. There's more to a car than fuel efficiency and I must say that the corolla is not exactly fantastic in this regard especially when you contrast it against the sacrifice of performance and comfort that you're making.
In April 2017 my corolla was bought for 2.2m and sold last year for 1.230, that's a hit of 950k. In those 3 years, I changed the hub and suspension assembly, AC components, then it had a brain box issue later NO engine/Transmission issues.
April Last year I got a used civic 04 for 450k, spent about 1m on it for the 1 year I had it. Oven bake, suspension assembly, AC, electrical ish and regular maintenance inclusive. I sold it last week for 530 without issues. So give or take a 1m hit.
Got my S40 for 1.7. CLEAN civic EX trim was priced at 1.9 (that's the least I saw) Corolla, lol, we know how far so no need.
While the S40 is not giving me the fuel efficiency of the civic or the corolla, performance and comfort is millions of miles ahead of the Japanese. My S40 is FULL OPTIONS, leather, power everything, parking sensors EVERYTHING and it moves like a dream. Add the humbling it gives riders when I pull up and they enter inside. Since I got it, no rider don talk rudely to me lol.
Now the numbers. While the S40 is not doing the fuel economy of the corolla, it is 800k less to buy today. For clarity, my corolla was doing 1ltr per 10km, S40 is doing 1.15 per 10km. So that's Ask yourself, how long will it take me to spend that extra 800k on petrol?
The parts of the S40 I HEAR are cheaper than the Corolla, I say I HEAR because I have not had to change anything yet. I know for sure that engine and transmission are much cheaper than the Corolla sha. So where exactly is the economy?
The 2nd hand value myth, I have debunked several times here. Mind you, the figures for the Corolla was only purchase price. In those three years about 700k was spent on maintenance. Add that to 2.2 then subtract the price it was sold for. I didn't talk much about the civic because its own parts are much much cheaper than the Corolla parts, imagine changing complete hub assembly (hub,brake discs, brake pads, ball joints) for 16k. Compressor was 15k. Parts were cheap And they lasted till I sold the car.

I primarily felt the need to post this because I adviced someone who had saved up 1.4 but was looking for a loan to add so he could get a toks corolla. I told him to take that money and buy a toks civic 04 or 05. He said na corolla or nothing, as he no see toks money, he bought a naija used and now he has his mechanic on speed dial.

There's nothing in this business like driving your own car. If you have saved up something go and get a used civic, BE SURE to do your due diligence before buying, but I will tell you categorically that your risk exposure is less with the civic. You will make the same amount of money but you'll spend less.

This piece was well meticulously put together. I must commend you in the data and records you shared in this write up.

To you question on how long it will take you to spend the different on fuel for your V.s40... I may be wrong in my calculation but this is what I came up with. You know what your millage was when you bought the Corolla and when you sold out so you can do the different to know base on mileage. This Will also give you an idea of how long it will take you to exhaust the 800k difference in price.

Now, in terms of ROI, assuming that car(Corolla) was on rental we can confidently say you made a net profit of about N2.6m.

For the civic less not talk much on it since we don't have much data to that regards but no profit was made for the one year you used the car since you spent about approximately 1.1m on buying and fixing and minor repairs + servicing for the 1yr and then sold at N550k. So you hustle backward.

In that note I believe you see my reason to why I said the corolla is a better investment decision whem compared to a civic? because even if you'd bought the civic tok @1.5m/1.7m (that was then price you would have still run at a lost due to its poor resale.

BAZ001:


[img]https://media./images/2b8b9b6d2472ea5b4131b0ea9620cb83/tenor.gif[/img]

I can’t fight with a jobless talkative and hungry man , “ hungry man is always angry “

When you finally get a car and your attitude plus bitter temper according to frubben allow you to retain it and you drive for 1 week interacting with jezebels daughter and Lagos traffic then you energy and hunger level would have reduced.
we can then fight, but right now I know get your type of energy.

shot fired

lanre2009:
My rating fell badly below 4.4 and i was blocked by BOLT for a day

what i had to do is to politely remind my riders to kindly rate me 5 star at the end of each trip, it worked like magic, my rating went up to 4.95 within a week, i am currently at a rating of 4.97

I guess most of the riders forget to rate drivers or they just don't care......lol

I can't remember the last time I begged for rating

My attitude, personality and my car commands 5 star rating.

Seniors, kindly help.

1. Do I need a driver's licence to process LASDRI

2. Is Hackney Permit compulsory for this business?

Thanks

GeneralZodd:
This earning na Bolt Abi na Uber. ? It's freaking too much. Sanwo Olu must enforce weekly tax on u drivers. You guys are making money

I'll gladly pay if he can fix all the roads in lagos.

GeneralZodd:


I can't remember the last time I begged for rating

My attitude, personality and my car commands 5 star rating.

You see this thing ehn, it's pride on my side and I also have a big ego regarding this, me wey no send you, my charisma alone will want you to rate me 10 stars sef. My lowest rating has been 4.85 e no dey pass am.

Just make sure your car is in perfect shape, I no dey off my AC at all, no be only rider like comfort, I'm not a sufferhead.

XGhost:


I addressed all 3 factors you pointed out.
Cost of startup is integral cos that to a large extent influences your break-even point. If I enter at a lower price point than you with marginally higher operating cost, I will most likely break even before you.
For perspective, it will take me 160 days of buying petrol of 5k daily to spend 800k on petrol.
Parts of the S40 as far as I know are at par or cheaper than the Corolla.
Plus build quality of both cars cannot be compared at all. Superior build quality usually translates to better durability.
So make of these what you will. Good thing you know how much a corolla costs and I've shown proof of mine.
Numbers never lie

bro how much did you bought the S40 and please can you help us with some pictures of the interior of the car because due to your analysis some of us are interested

Pearl1910:


Its unavoidable, especially when surge plenty everywhere like this, riders go just dey squeeze face during surge days, d fewer the trips u do, d better for u. Long trip or short trip, they will still give u poor rating, so just look like 5 good long trips, chop, clean mouth, go house.

Bro how do you get long trips. I started recently like a month. And most times I get these 500 or 600 trips especially. With pick up locations almost at the same price

Aradeyo:


After you see one and another offer open, abeg boss, quote me o... Good luck to everyone on this table!

No wahala boss will do that. But if you get first and another offer does open for you too, you can do likewise too . Thanks boss

CheerfulGiver:
I'll gladly pay if he can fix all the roads in lagos.

As if, wen dey mandated drivers to use or have unnecessary documentation, u did anything to stop it.

The point of not showing earnings online i is to avoid unnecessary attention.

Ur earnings online is a personal stuff, no business man, employee and employers shows is or her personal earnings to the general public cos it’s so unethical.

Madam rad, dru23 n our beloved jp wont do wat is stated above so y would you such so as to bring avoid unnecessary attention to everyone.

If i need to encourage or enlighten someone is best to it privately cos we have the eyes of everybody reading it either positively or otherwise.

Peace

Duke111:


As if, wen dey mandated drivers to use or have unnecessary documentation, u did anything to stop it.

The point of not showing earnings online i is to avoid unnecessary attention.

Ur earnings online is a personal stuff, no business man, employee and employers shows is or her personal earnings to the general public cos it’s so unethical.

Madam rad, dru23 n our beloved jp wont do wat is stated above so y would you such so as to bring avoid unnecessary attention to everyone.

If i need to encourage or enlighten someone is best to it privately cos we have the eyes of everybody reading it either positively or otherwise.

Peace

Oga, park well and mind your damn business. Jeez. Everytime I post here, someone always has something to say. Tf?

BAZ001:


[img]https://media./images/2b8b9b6d2472ea5b4131b0ea9620cb83/tenor.gif[/img]

I can’t fight with a jobless talkative and hungry man , “ hungry man is always angry “

When you finally get a car and your attitude plus bitter temper according to frubben allow you to retain it and you drive for 1 week interacting with jezebels daughter and Lagos traffic then you energy and hunger level would have reduced.
we can then fight, but right now I know get your type of energy.

See mumu... See who's talking of money. Federal goat, poor son of a impecuniouse father, if you check yourself well you go c say d tin d9n dey turn generational issue for you therefore resulting to frustration.

Guy see na poverty dey man use 1 car for over 4yrs...that is ur case which iz what dru is trying to educate you on but since your papa no get sense you wont be able to understand what the man is telling u mumu...

C no be mouth you'll walk inside my shoe.

GeneralZodd:


I can't remember the last time I begged for rating

My attitude, personality and my car commands 5 star rating .

[img]https://media1./images/6b5f86e726792da5708dcf2365b5e204/tenor.gif?itemid=8747289[/img]

Correct guy I dey feel you.
Attitude and personality
Abeg which car you dey drive ? Ferrari or Benz

Gentlelife50:

I have learnt my lessons, buying brand new tires for this job isn't worth it. Because anything can happen to the tire and that's it. Money is gone just like that, I traveled to ikorodu through the epe axis after driving on that bad road I noticed car have started wobbling.
Got to alignment and tire was racked, that's how I lost the tire

they don't know how to fix tires in Nigeria ni

VOUCHERS4AFRICA:


We now have gift cards for Uber and Bolt rides. If anyone presents gift code from Vouchers for Africa you can verify in 30sec and get value via support number listed(text, call, whatsapp), twitter handle or on www.vouchersforafrica.com. Each time rider uses VA gift cards for a ride, driver gets a token.

Is it clearer now Sir?

Better, thanks

In Nigeriai well recommend a Volvo over a Toyota all day everyday. But if I talk am unsolicited BCD crew go abuse me tire.

Felicity001:


This piece was well meticulously put together. I must commend you in the data and records you shared in this write up.

To you question on how long it will take you to spend the different on fuel for your V.s40... I may be wrong in my calculation but this is what I came up with. You know what your millage was when you bought the Corolla and when you sold out so you can do the different to know base on mileage. This Will also give you an idea of how long it will take you to exhaust the 800k difference in price.


In that note I believe you see my reason to why I said the corolla is a better investment decision whem compared to a civic? because even if you'd bought the civic tok @1.5m/1.7m (that was then price you would have still run at a lost due to its poor resale.

[img]https://media1./images/6c8de2f756caa6c53d74d8170595ce77/tenor.gif?itemid=10354290[/img]

Very true we all know your calculation is wrong.

CheerfulGiver:
the guy Na mumu. I posted last 3 weeks earnings. Not December. Eye dey pain am

How is this December ?

Well-done jare...
If guys on rental can pay partner 30k and still have 30k for themselves every week, doesn't that translate to owner partner making 60k in a week? No b person monthly salary be that? Bank teller that collects 60 or 70k and will still be paying shortage.

Avoid mediocres!!!

ksmart027:

That's good, I will make my research about the car.

I swear me self ive been thinking seriously about that car... I've always love Volvo since childhood.

XGhost:


Corolla was 06... I've stated it here before.
I bought the civic for 450k and sold it after a year for 530.
I bought it NAIJA USED and sold it after a year of e-hailing
How much is the general going rate for a naija used 04 civic is a question you should ponder on.
How much would have been a fair price for you?

My thoughts on the Volvo being a superior car to the corolla is obvious. Their apec sheets tell the performance story. The corolla uses a 1.8ltr i4 engine producing 120 horsepower the Volvo uses a 2.4ltr 5cyl engine producing 168 horsepower. List of amenities on the Volvo can't be compared to the corolla, it smashes it. Appearance nko. All the corolla has going is fuel efficiency and honestly, I don't mind.

How's that for disclosure?

You got a wrong figure in the calculation because you bought the corolla at a very high price that time. Corolla used to be btw 1.5 - 1.7 as against 2.2m you bought it.
Please recalculate using the average market value of corolla that year compare to the amount you sold it off, then you will understand which one is better.