If you're looking to drive for Uber in Australia, you'll need to choose the perfect car. In this article, we'll highlight the key factors you need to consider when selecting a car for Uber driving. We'll also tell you what to expect in terms of earnings and provide some tips on how to maximise your earnings.
We found out the most popular rideshare cars in Australia that fit all sorts of budgets and needs:
Easy on the pocket
Some of the most popular cars for Uber driving in Australia include the Toyota Corolla, Honda Civic and Mazda 3. These cars have a standard mileage but they top the list because of their price and convenient availability of maintenance service. Some of the brands even offer additional plans to cover for insurance.
Secure, mileage efficient and affordable
Some other popular cars for Uber driving in Australia include the Hyundai i30, Ford Focus and Holden Commodore. Hyundai i30 comes with a good mileage of 11 kmpl but the more outstanding features of these cars include the overall driver satisfaction, comfort and security.
A long part of your day will be spent on the road when you are driving for rideshare moguls like Uber and DiDi. Therefore, one of the most influential factors while choosing your car should be your security.
For the long-haul
Australian Uber drivers also have access to a range of Uber-specific cars, such as the Toyota Camry Hybrid, which is designed for the UberX service. If you are approaching the rideshare gig with an investment mindset then you might as well purchase a model that is designed for commercial use.
The best way to decide on a car is to compare between different rental plans or prices in case you would like to drive it for personal use as well.
Black tie affairs
In terms of luxury cars, UberBlack drivers in Australia typically drive BMWs, Mercedes-Benzes, Audis and Jaguars. There are many options and customization available if you are ready to spend a generous amount!
Usually, there’s a catch to luxury rideshare driving, Uber has a different driver’s app and fares work differently than usual. You board a lot of celebrity passengers and even sign NDAs. Most luxury Uber drivers do not buy the car. There are agencies that rent out these expensive ‘black tie’ models for the convenience of the Very Important Passengers.
How rich do you need to be to drive an EV for rideshare?
The answer will shock you. You can rent an EV and claim the entire cost on tax return because you are managing your rideshare business to be friendly for the environment!
Driving an EV also helps you save on fuel and maintenance costs. It’s impressive for your passengers as well and can get you good tips.
Rideshare and tax
To be eligible to drive for Uber in Australia, drivers must be at least 21 years old, have a full Australian driver's licence and have access to an eligible car that is no more than 10 years old. Drivers must also have comprehensive insurance.
You can claim whatever costs you incur during this entire process in your annual tax returns. From your insurance purchase to your mileage, you can use all of these records to maximize your tax savings. All you have to do is purchase the car before 30th June and officially log its mileage as a rideshare vehicle before 31st July.
Check out the latest tax brackets, last dates of filing and business expenses on which you can claim tax returns on the ATO website.
