My company used to buy new cars and put on the fleet to run on Uber and Grab and having over 4 years experiences doing this business, as much as we all love the new cars (warranty especially), I recommend you and all my friends here who want to get into the ride-sharing business to buy a used car, say 3 to 5 years used car. They depreciated enough and while are not brand new, these older cars are easily 50% cheaper compared to a new car return of investment is much faster.
Buy a car that you can pay off in 12 months to 18 months while working on Uber or Grab. Anything that requires more time to pay off is a risky investment.
Cars for UBER / Grab, Which one should I choose
Jul 15 2017, 07:09 AM
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