Why I PAY $600 Per WEEK For UBER BLACK Car

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Timestamps
0:00 Intro
1:04 Uber Black vs Uber X
3:17 Uber Black Auto Loan
3:49 Business Entity
5:03 Cons Of Business Auto Loan
6:34 Commercial insurance
7:46 TCP & Airport Permit
8:16 Cons Of Renting
8:47 Pros Of Renting
10:58 Pros Of Owning A Car
13:58 Let's Look At 2019-2020 SUV Price Breakdown
21:15 New Uber Black Car Requirement
22:20 Outro

[theluxlyfe]

He knows what he’s talking about. Protect Khushnud at all costs. Plus he is the only truly kicking knowledge.

[VinnyKuzz]

Very good video, being transparent is the best way as many drivers ONLY see the earnings but never the expenses. Good job.

[romankavrelishvili]

Man, confirming every words that u said in this video !
I tried last week ! The same car BMW the same person me and 2 different scenarios ! For the personal loan easy 60-72 months with 1500$ down please welcome their approved 3%apr with my credit score ! But when I said that I need commercial registration they said no, because almost 90% of Dealerships don’t have a deal with commercial regeneration vehicle! 🤷🏻‍♂️

[mondogomez]

I rent a Chevy traverse for $500 a week. My friends also thought that it was insane. My rental cars with commercial insurance, unlimited, mileage, and unlimited service. My average earnings since renting the vehicle is an excess of $3000. In the end, I think that high did not overspend and do not have to worry about destruction about personal vehicle.

[MJSmithGroup]

$600 per week sounds like like a lot, but compare that to what an uber/hertz tesla model 3 rents for per week, $425 to almost $500 (including all the taxes & fees) depending on market. And that's a car that's only eligible to drive on uberX & uberGreen & uberComfort.

[romankavrelishvili]

The only thing I disagree its your math :
In my case : 700$ a week for the car (renting)
Commercial insurance: 160-180$ a week
TCP : first year 1000-1500$ then 350$ yearly payment so let’s say 20-30$ a week
Car payment for your own car 200-250$ a week
Total for the week with your own car in my case 460$ which means 240$ less .
Now bonuses :
The car that I’m looking for it’s plug In BMW which means + another 200-250$ gas savings
So in my case I can make with my own car 500$ more every week which means +2000$ a week . Now let’s talk about bonuses
Bonus number 1 all expenses of something happen with you car you can right off when it’s tax season
Bonus number 2 it’s your car
Bonus number 3 with your TCP and commercial insurance I can start build your own business like fleet owner! 🤷🏻‍♂️

[KrisMendezAdventures]

I’m in LA and I want to start my own fleet. Thank you for posting this 🙏

[TheHistoryCode]

This video goes on and on about the high cost of driving for Uber Black, but what he's really trying to sell you on is RENTING a car instead of BUYING. He makes renting sound so much better by comparing a weekly rental fee to the HUGE upfront costs of buying (down payment, commercial insurance, etc.). But he's conveniently glossing over the fact that in the long run, renting will always cost you more! Owning a car has its perks - you build equity, can potentially rent it out yourself, and get sweet tax deductions. But this dude is all about that instant gratification, pushing the "no upfront investment" angle of renting. He even tries to scare you away from buying by saying Uber could change their car requirements and leave you stuck with a vehicle you can't use. Don't be fooled by the "easy" rental path - think long term and consider the financial benefits of owning your own car!

[AdrianGuerra-uw]

With Uber X the insurance has to be on your name, is it not the same with Uber Black SUV?

[truyentruong]

For all the people who think its stupid to rent the car. Lets not forget the biggest problem. Altho you saved some money by using your own car, you will be putting 200-250 miles on said car each day (225 a day x 365 = 82k+ miles per year).
After dropping $80k on a brand new ride w 30% down n 10% interest ($12k) your warranty will be useless after the first year. Good luck selling it for a decent price after 3 years (82k x 3 = 246k miles) on your $100k investment $65-70k used... Imagine seeing a 2020 Yukon with 250k miles for sale right now. How much would you be willing to pay for it?

[Sidewalk_Observer]

If you are renting a Suburban for $600-$700/week, what other expenses besides gas, parking, airport fees and tolls are assuming as a driver? i.e., Oil/filter Changes, Tire change, alignment &Rotation … etc. Are these expenses covered by the fleet owner?

Finally, how many miles does the fleet owner allow you to drive per week, if any?

Thanks in advance ✌🏼

[yigitsagun]

Thanks for video. I learned good information

[dfciap]

I spoke with the limo permitting agency in my city and they will not allow a permit for a rented vehicle. How do you get around this?

[romelexpandable]

great video as usual Kush, I have a question, did you ever switch or open uber xl or x just to keep yourself busy instead of waiting?

[KrazyACman]

Hey, great video with details others never talked about! Where did you rent your car for only $600 month? I cant find this similar deal anywhere in LA

[MsJulieDrives]

So you register your driving number on a rented car?

[lgv]

Thank you for sharing ! Great video! Recently got laid off, looking to get into Uber black...Does all this rule apply for Florida as well or only California?

[AustinRides]

You should finance one. I saw a black 2017 Tahoe with 100k miles for $27k I wanna say. That's not many miles on a sturdy V8. If you have good credit that's maybe a $450 monthly payment or less. You could net way more or your earnings. You're in LA too which is great for Uber black SUV. I'm in Austin and don't know what the demand is for something like that. I have a lot of $ saved but have just been getting by with UberX making $1600 a week and keeping most of that since I own my car and it's a hybrid. Enjoy your videos. Keep it up

[deevee]

I personally did not know that one vehicle could be under two different accounts but I do think for boyfriends and girlfriends and couples and friends and people that have alternating schedules or have a side hustle mentality I don't think it's a bad idea to rent to someone that drives in the evening you know graveyard shift vice versa as long as you can trust them to bring back the vehicle and a Uber home or whatever they need to do I don't think that sounds like a bad idea

[bobbygoud]

If rent a Uber black car I need be waiting on my account to be processed from Uber to activate my Uber black account during this process wouldn’t I be wasting money on renting and not making any money driving ?