Is giving cars to careem a good business?

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[quote="harib4u, post:80, topic:252333, full:true"]

I don't think its a good/complete analysis. Means if you earn 130,000 and after paying 30,000 to the driver you get 100,000 which is definitely a handsome amount. But WHO WILL PAY FOR PETROL CHARGES???
If you re-fill fuel of Rs.1500-2000 per day (to drive for 16 hours), it costs 45,000-60,000 per month and hence the earning of 100,000 will be confined to 40,000-55,000 in which a vehicle could not be paid back.

now they change system again now you car earn as mach you want, nothing fix now.

[/quote]

Sir, can u plz explain it how they set the new system? What r the daily earnings as well as ride bonuses & for how much time one has to drive? Thanks

[ch.talal]

you have zero info about transport sector. pls stop it.

enlighten me if I am missing something?

If I was driving car for Uber, I will reject all the taxi calls from areas like Inner city of Lahore. Would never trash my car for someone's luxury.

And what am I missing about APVs?

I know a person who owns 3 old APVs and make 50,000 - 100,000 per month with each. Although he pays sh*t to the drivers and make them work like donkeys round the clock.

[naveedm32]

These greedy pakis want the driver to work at least 14 hours a day, and that doesn't include commuting, lunch break etc

U couldhave watched u r words easily..

[GreenRose]

Reality hurts... Right?

[oops]

could any one confirm that they are accepting leased cars as well ? i mean to ask if i financed a car from bank will they accept that ? reply urgent

[kkhann75]

yes they are accepting leased cars.

[samahir]

But you are missing an important point .even if price doesnot depreciate .the price of maintaining and buying a car becomes more with time

[omernisar84]

Brother can you email the excel calculator on : omernisar84@gmail.com

[areebanaeem]

Hello, can you please email the editable xls at aghanghro@gmail.com
Thanks in advance

[Carn]

Not sure why the link was removed, probably something to do with dropbox's update. Anyway here it is again:

https://www.dropbox.com/s/2q8e67hzcdcnt9g/Careem%20Calculator.xlsx?dl=0

I can't claim this will be useful anymore, I haven't been following the Careem/Uber market for the last few months.

[qasimalee]

This doesn't look like a bad idea when seen as a short-term investment decision (let's say, 2 years).

If we assume a Rs. 300 profit per month on an investment of Rs. 1.6 million, that is ~46% ROI in 2 years. Real estate can give you 12-15% realistic return per annum. Stocks and Forex are about the same.

Was your friend interested in investing the money, or earning an income from this?

[shahzaibtariq]

So uber is now gonna start its operations in islamabad. I found uber and careem very attractive investment as compared to other risky and less return investments. Qasim you are right none of share gives you that much return in less time.
Now I have some questions.
1. What is the present and future of these companies? What the govt wants and how legally these companies are fighting with govt? Means will they stay in pakistan or not?
2. Which vechile is highly recommended for this business. In new i found wagon R best for this purpose and in used you may go for 09-10 model cultus. Jap alto is also good option because when you will buy used car, you wouldn't have tension that how highly it will be driven on careem and about resale factor. Because car has already depreciated.
3. On average of 10 hours per day drive what is the expected profit by just excluding fuel charges?
4. Is it possible to register same car on both uber and careem at same time with two different accounts and cell number?.

[shahzaibtariq]

Is here anyone? I wanna know what is uber drivers earning now in lahore and karachi? And for how long they kept running their 350rs/hour policy after their launch in respectively cities

[shahzaibtariq]

Anyone?? I need opinion of you guys.

[shahzaibtariq]

Formula to calculate earnings and profits.
*Revenue=7rs (total distance covered in kms)+3.15 (total no of minutes)+100 base fare.
Let's assume car gives fuel aveage of 15km/l. Fuel 75/l so 75/15= 5rs/km which means
7-5= 2rs/km saving
*Profit=[2rs(distance in kms)+3.15rs(total minutes)+100rs basefare]-[(25%of revenue)uber fee]
Profit before dep and tax and maintenance

[poolk726]

haan yar yai mujhe mujhe bhi kahna tha per toonai kah dia

[mansoormmh3]

Cuore r accept in careen model 2012

[pvpislife]

Best car in 660 cc category in terms of mileage?
And are there any cars in 660-1000 cc catrgory with battery like aqua but cheaper?

[shahzaibtariq]

Actually there is no pure hybrid car in 660cc category even not in 1000cc.
If resale and spareparts isn't an issue with u then Honda N one is best in all aspects.(average price 1.2 million)
2nd option is mira es which is equal in fuel consumption of honda n one. They both are eco idol. They need 2nd battery for eco idol functionality. Spare parts of this car is available easily in market and it has highest resale amoung all other 660s.(average price 1.1million)
You also have an option of mitsubishi mirrage 1000cc and passo 1000cc for almost 1.25million.they will give you milleage of 20km/l and 18 respectively without ac. But 660 runs for 22km in one litre.

[pvpislife]

Thankx bro Mira ES sounds almost perfect,which model should i go for with good fuel mileage in mind? And i dont mind exterior condition because every 6 months i get some small accident lol so to me car should be good mechanically