To those of who you are against including the depreciation cost of the car. Here's the math: Income: He works 10-12 hours to make $150/day and works every day of hte year. He will make $54,750 Expenses: He calculated 94,900 miles driven total assuming working 365 days a year. That's about 260 miles a day of driving. Gas cost $12,775 Oil changes $855 Tire replacement $960 Misc Repairs: $5000 So that adds up to $19,950…
You can't count both depreciation and the cost of a new car. If you include depreciation, you should only count the transaction costs of a new car (taxes, fees). Otherwise, you're counting the decrease in car value twice: once as the value decreases and once when you replace that lost value with a new car.
You can, however, count both depreciation and the delta between the car you would otherwise have and the car that Uber requires you to drive to be eligible.