> Say your rents it's going to be late, you can pick up 20 or 30 hours of Uber this month to make it happen.
Maybe... I really don't get how the economics work out here though. If you look at the numbers, it mostly just seems like you're converting car equity into cash via depreciation.
But also, I'd guess that for a big chunk of people who are going to have trouble paying rent with any regularity, they'd have to overpay for their car in the first place to get something that's Uber-appropriate. My car's a couple years too old for Uber now, but is still perfectly functional, and there's just no way the math would work for me to buy a newer car so that I can convert its capital cost into cash via Uber.
Maybe... I really don't get how the economics work out here though. If you look at the numbers, it mostly just seems like you're converting car equity into cash via depreciation.
But also, I'd guess that for a big chunk of people who are going to have trouble paying rent with any regularity, they'd have to overpay for their car in the first place to get something that's Uber-appropriate. My car's a couple years too old for Uber now, but is still perfectly functional, and there's just no way the math would work for me to buy a newer car so that I can convert its capital cost into cash via Uber.