Careem Car for personal use and for business

pwuser152545976339 (QI) 2018-08-31 22:45:22 +0500 #1

Assalamu alaykum , I would like to buy Prius 2011-2012 and put it on careem by hiring a driver - but I would also like to use it for my personal use as well so during those time I can tell driver to turn off -
It will be 30 min in morning and 30min in evening on average .. and randomly I may also be needing car in a month 8-10 times max for 30min ( going and coming back)

Do you think its practical approach and I can really earn something out ? As i have listened bad reviews that you cannot make anything out due to timings( missing bonuses ) and car wear n tear issues

capsat (ومن شر حاسد إذا حسد) 2018-08-31 22:52:48 +0500 #2

in short
it is your money your car.
you are lending it to driver to run as Taxi, a service which you can use as you desire.

a PRIUS as Taxi ...

a plain simple advise don't do that. You will be at ultimate loss.

at the end of day driver gets the salary, Careem Uber get the royalty at your maintenance cost and depreciation of vehicle value.

pwuser152545976339 (QI) 2018-08-31 23:02:21 +0500 #3

Ok i got the idea , but if we do the maths is there a hard chance we will be in profit at year end ? After selling the car

Secondly can you recommend any other car with which it is possible ?

capsat (ومن شر حاسد إذا حسد) 2018-08-31 23:11:24 +0500 #4

mate think of a scenario -

somebody lure you to invest money say 1 million [ buying a car ], and make you partner in business for certain %age. after business running expenses [ driver salary & maintenance ] every month you get an x amount [ with an imagination that your 1 million is intact ] as business profit.

one day you decide to pull the investment out [ sell your car ]

after deduction of business running expenses the profit you received during investment period was 0.05 million, and the investment value has depreciated to 0.70 million

now do the maths .. final loss is obviously yours

pwuser152545976339 (QI) 2018-08-31 23:30:56 +0500 #5

Thanks understood, actually the reason I wanted this is not solely for investment / business , as car will also be in personal use , driver will also be free for full year and after one year Inshallah i would like to buy new car by selling this ... also if i dont put car on careem it will sit idle as i do need one car at a time ... i only wanted to get free driver and profits if possible by making use of its idle time .. so by your suggestions it doesnt seem a good idea ...