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Is a new car a worthy investment for Uber?

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  • Is a new car a worthy investment for Uber?

    A friend of mine is getting ready to take out a loan to buy a brand new car that is up to code with Uber so he can be a driver.

    I feel like this is a bad investment for 3 main reasons:
    Uber doesn't pay enough to equate the value
    Millage gain and general wear and tear of the car will happen faster
    He already owns a perfectly fine car he is still paying off

    I don't see the logic in this, do any of you?

  • #2
    I agree with you. He can use the existing car instead of buying a new one. With other drivers and new competitors, buying a new car for Uber purpose is not worth the investment.

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