Campbell: Drivers ignore vehicle depreciation because they already owned cars
Harry Campbell · Is This Uber's Next Acquisition? · Feb 1, 2016 · at 9:28
Harry Campbell, founder of The Rideshare Guy, breaks down hidden driver costs with host Nathan Latka.
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“And really one thing that I kind of talk about a lot on my site that parallels a lot about what you talk to your entrepreneurs about is just, you have to think about the income side, but you're running a business. You also have to think about your expense side, right? A lot of people aren't Going out and buying cars specifically for rideshare driving. They may have bought them in the past. And so now they're going out with this kind of, you know, they've already invested money in it. And so they're not thinking about the depreciation they're putting on the car and their per mileage expense.”
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