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Old 11-02-2019, 05:58 AM   #6947
Littletaffy
Junior Member
 
Join Date: Feb 2019
Posts: 1
Hi,

I'm currently semi retired and would like to do something part time while during my free times. Thinking of driving PHV but i'm driving a BMW 523i with 13L/100KM fuel consumption. Still viable to drive and earn a profit ? I'm planning to drive during peek hours about 8 hours a day. Would really appreciate some bro's genuine advise. Thanks in advance.

Regards,
Vincent Ng
Hi,

I'm currently semi retired and would like to do something part time while during my free times. Thinking of driving PHV but i'm driving a BMW 523i with 13L/100KM fuel consumption. Still viable to drive and earn a profit ? I'm planning to drive during peek hours about 8 hours a day. Would really appreciate some bro's genuine advise. Thanks in advance.

Regards,
Vincent Ng
Stop. Rent a car for a week first and try out. See if you want to subject your bmw to the harsh traffic mileage first.

I fear you may be disappointed at the end of the day.

1. Tyre replacement - bmw 17 inch?
2. Gear box risk - 10k ? ( mine stalled and I had it replaced for 2k for a jap car)
3. Fuel - are u sure 16km/L? U double check. I doubt that. My bmw was a guzzler
4. Insurance going to fk you. Commercial insurance x 2 ( if u paying $1,5k now your insurance going to pay $3k for z10)
5. Your fares expect to get fk fares 80% of the time. If you work 8 hr. Expect around $25/hr GROSS fares ( havenít inc com) . This includes surges and all. Some hours u get $15/hr some hours you get $50/hr. Average out $25 - $30 ( emerald tier ). If you 8 hr x $20 ( NETT) = $160 x 30 = $4800 ( max) Fuel I expect $2-2.5k for bmw.
So you are left with say $2k net.
If your one component screw up, u work for free for 5 months
Donít forget you prob need to do servicing every 2 months (10k mileage) + change filters / spark plugs/ etc. Budget $200 a month
Finally , last main issue. Unless your scrap your car, your car will have super high mileage at the end of 1 year. U want to sell your car, value drop. So likely will need to take scrap + Parf value + body value. Worth it or not?

My suggestion is rent for a week/ a month first then decide

All the best
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