So I finally went for it and am in the background check process for lyfts’s new express drive program with GM. I live in Orange County and the only express drive options here are with hertz rental cars. So in order to get into the gm program I had to sign up using Los Angeles as the area I want to drive in. I’m about as north orange county as it gets being in Buena Park and sitting on the LA / OC border so if I have to drive 20 minutes to LA then no big deal.
I didn’t want to go with the hertz program because after looking at the numbers it’s not as good of a deal as their partnership with GM.
Here is one of the deals lyft offers with GM.
This is where it is all questionable. I have tried doing research for the last month to find out the average ride per hour in OC and LA so I can have a general idea about how many rides I can do a week but the information just isn’t out there. A few people talk about it but there is no real knowledge to gain by reading about the information lyft already provides.
So here I am, ready to try out lyft express and give a breakdown of the La and Oc area at the same time so others can make a more informative decision then me when deciding to try a program such as lyft express.
To get the application process started the Gm partnership only requires a $50 deposit. The hertz program requires a $250 deposit. I don’t have $250 to play around with. After all, that’s the whole reason I’m trying ridesharing, because my credit is maxed out and I need some extra income to pay off everything that I owe. To me, the only way to look at this kind of work is for extra income. I wouldn’t quit my day job. I just want more and I’m willing to go out and work for more.
How It All Works
You pay the $50 deposit so they can get your credit card on file and initiate the background check. The $50 is returned to you after you complete your first lyft ride or if the background check doesn’t pass.
After that, the weekly rental charges plus taxes will be taken out of your weekly pay. If you don’t happen to make enough that week then they will charge your credit or debit card for the remaining amount.
If you do less than 45 rides a week then you pay $0.25 per mile on top of the weekly rate.
If you do 45 rides or more than you pay just the weekly rate with no mileage charge.
If you’re able to do 75+ rides a week then you pay nothing for the car.
All maintenance is included so you don’t have to worry about tires or oil changes. The only thing that you will pay for is gas other than the rental itself of course.
The minimum rental term is 1 week and a maximum of 8 weeks. At the 8 weeks you can return the car and get a new one.
Personal miles are not included. If you drive the car for non-personal use then it will cost you $0.25 a mile.
If you get the car from GM when it is covered 24/7. You are covered by the lyft insurance while on the job which has a hefty deductible of $2500 and during the off time gm covers the car with a $1000 deductible. So you basically have free insurance on the car. Just don’t be at fault in an accident and you won’t need to pay that huge deductible.
One scary part of the whole situation is, What if the car gets damaged while parked and unattended? Then my friends we are pretty much screwed but that should fall under the gm insurance which is a $1000 deductible.
A free car to drive and make money with sounds like an amazing deal, but how possible is it to do 75+ rides a week is the big question here. And if it is possible, How many hours of driving per week would it take?
These are all questions I plan on answering for you. These other bloggers just dance around and basically re post information. Let me be the one to give you some real answers so you can make the right decision.
My goal right now is to try and make atleast $400 a week. Im expecting half of that to go towards the rental and taxes, leaving me with $200 extra a week. $800 a month extra sounds pretty good to me and seems like a reachable goal. Hopefully I’ll do better but I feel like it’s best to not aim so high because then you will face disappointment which can discourage you even more.
The idea is extra money not life living money. But hey, that idea can change if the demand is there and the money is consistent. We’ll soon see.
I’ve been keeping my lyft app open in rider mode to scope out the competition. Right now it doesn’t look to great. Lyft drivers are all around here but if the demand is high enough then maybe we can all make some money.
Bookmark my page and I’ll keep you posted with new information once I start driving.
For more information on lyft express drive you can go to the official page
Don’t forget to come back and use my link to sign up so you can get your new driver bonus.
Sign up to drive for lyft