Pro Tip #3 – New vs old vehicle

Don’t use your new vehicle as an Uber or Lyft. The minimum requirement for Uber at time of writing is 2000 (2005 in some cities) and can be found here. You won’t be making any more money from a new or older vehicle; you will be paying off an auto loan, if applicable, and face the highest level of depreciation on a new car. If anything, your actually make more money overall using an older vehicle. Insurance on older vehicles cost less, maintenance and parts cost less, and if something spills the damage caused by it will overall cost less.

Please heed our warning, do NOT fall victim to the Uber new car buying program. Horror stories are the norm on this, read this.

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