- 1 Uber vs Lyft: everything you need to know before calling a ride
- 2 how much does lyft cost per mile?
- 3 How to Calculate Cost per Mile for Your Trucking Company
- 4 How to Calculate Cost per Mile for Your Trucking Company
- 5 Until the Robot Cars Arrive, Here Is How Much You’re Paying Per Year of Car Ownership
- 6 Quick guide to using Lyft in Minneapolis-St. Paul (and $50 code)
Uber vs Lyft: everything you need to know before calling a ride
Ride-sharing has fast become one of the world's preferred ways of getting from point A to point B. Gone are the days when you needed to call a taxi company in advance or face hundreds of others waiting for a taxi after getting off a flight. Now, you have access to a ride where you want, when you want.
If you're in a city -- even a relatively small one -- you likely have access to the likes of Uber and Lyft, the two major ride-sharing services in the U.S. You've probably seen cars from these services around town before, whether you knew it or not.
Sure, Uber and Lyft have gotten their fair share of negative press, but among customers there's really no downside -- lower prices than taxis, easier to request, and so on.
Here's everything you need to know about ride-sharing services like Uber and Lyft.
Uber and Lyft are known as what are called 'ride-sharing' services, which basically means that average people who own average cars use their vehicles to ferry people around. Of course, they don't do it for free -- you'll have to pay for the services, but they're generally quite a bit cheaper than your average taxi.
The term ride-sharing comes from the fact that these services started as a way to literally share a ride with other passengers. People going in generally the same direction could take the same car, cutting down the cost of your ride while ultimately making the driver the same amount of money, if not a little more.
You start by downloading the app for the service that you're interested in using, then sign up for the service and enter your credit card information. After that, you can search for the destination you want to go to and the starting point, whether it is your current location or somewhere else. You areshown a price and how long it is before a car can come and pick you up.
After they take you to your destination, you're asked to rate the driver, and driver is asked to rate you. This is generally aimed at ensuring that everything was safe and worked smoothly. If you're rated badly -- for example if you trashed their car -- fewer drivers might accept your requests for rides. On the flipside, you're able to see a driver's rating when you're matched up with them and before you get in the car.
Uber and Lyft offer a number of different types of rides, each costing different amounts. Here's a rundown of the different rides each service offers.
First up is UberX, which is the "standard" Uber service. UberX basically involves you getting a standard, private car, and riding in it from point A to point B.
Second is UberXL. As the name suggests, UberXL will get you a slightly larger car, with at least 6 seats. Perfect for a group of people or a family, and generally an SUV or minivan.
Third is UberSELECT, which is a luxury take on UberX. It will have at least four seats, and will generally be a more expensive car like a Mercedes, Audi, or BMW. This service was previously known as UberPlus.
The fourth service is UberPOOL, and this is where the 'ride-sharing' name comes from. UberPool involves you sharing a ride with others going in your general direction, which means that you'll pay a lower price but you might not get to your destination as quickly. This service is only offered in a few cities.
Last but not least is UberBLACK, which takes UberSELECT a step further. This is for executives and those that want to ride in luxury, and is Uber's most expensive offering. Generally you'll get a black SUV or another luxury car.
Lyft's standard service is simply called Lyft. It will generally involve you getting a standard, private car to your destination.
Lyft Plus is to Lyft what UberXL is to Uber. It will generally involve a car with six or more seats, which is, again, great for groups or families. It's a little more expensive than Lyft.
Last but not least is Lyft Line, which pairs you with riders going in the same general direction as you, which will get you slightly lower prices. This service is only available in certain cities.
This can get a little complicated. Perhaps the biggest reason that ride-sharing companies make headlines is because of the fact that it's so disruptive to the taxi industry. Uber and Lyft absolutely took off after it launched, leading to taxi drivers fighting back, whether that be legally, or through protests.
The services have also been under fire for how it classifies drivers. Some drivers want to be classified as employees rather than as independent contractors, which would mean that they would obtain the benefits of an employee -- such as health insurance, overtime pay, and so on.
There's one more reason that these companies have made the news -- that they have been accused of business tactics that aren't exactly savory. Uber has specifically come under fire for aggressively trying to recruit drivers away from Lyft and even trying to sabotage the company.
There's one question remaining -- which service should you go for. It's generally accepted that Uber is a little cheaper than Lyft, largely because Uber is trying much more aggressively to cut the competition out of the market. Still, it's only slightly cheaper. Uber and Lyft both have a base price of $2 in San Francisco, with the ride costing an extra $0.22 per minute and $1.15 per mile. Lyft costs one cent extra per minute and mile, so the difference is negligible, but still there, and could add up over time.
Perhaps more important for some is whether or not a service operates in your city. For a full list of Uber cities head here, and for a full list of Lyft cities, head here.
Arguably it doesn't really matter which service you go for, but Uber is a larger service and obviously one cent cheaper per mile, although that might be different in some cities. I would look up the prices for your particular city for each service and make your decision based on that.
Uber and Lyft are both huge services that are only getting better. Using this information you should now be able to make an informed decision about which service is right for you.
how much does lyft cost per mile?
You asked “how much does it cost to live in South America?” It depends on where you want to live! Would you like to live in Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Peru or Uruguay? Ok, now we´re talking.
Geographic Regions and Subregions of South America - by the United Nations Statistics Division
The general frame of reference is Boliva, Colombia, Ecuador and Peru have many low-cost locations where you can live on $800 USD per month comfortably. If your budget extends to $1000 USD per month and up, you will find many locations in Argentina, Chile, Brazil and Uruguay that you can call home.
Most who move to South America are adventurous souls who want to see and do all they can while living on the continent. To travel cheaply and get the most miles for your dollar you need to visit Bolivia, Colombia, Ecuador or Peru.
Travel in Argentina, Brazil, Chile and Uruguay can be costly – especially the larger countries Argentina and Brazil where just getting from one area to the next takes multiple hours and therefore costs more.
Costs to enter tourist attractions are high all over South America, and as a tourist you will charged up to three times the price charged to locals. The best way to have a low-cost stay is to limit your travel time, and enjoy one area of the continent for an extended time.
That way you discover the best deals for restaurants, shopping and actually get to live like a local with all the benefits that entails. It’s also a great way to make friends and work on your language skills.
For a list of capital cities complete with online Travel Guides click here: Capital Cities in South America
To find the currency used by your country of choice and information such as: ATMs (where are they located); how to do a wire transfer; credit cards (what is accepted in the country?); travelers checks (where can you cash them?) and where to exchange money, click on the country’s link:
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How to Calculate Cost per Mile for Your Trucking Company
Knowing and anticipating costs for your company can mark the difference between success and failure.
How to Calculate Cost per Mile for Your Trucking Company
Running a trucking company without knowing your costs is like driving with your eyes closed.
If you do not know the cost of each mile your trucks drive, you cannot know the best per-mile rate to charge your shippers. This makes it difficult to post a profit.
Carriers that do not track and control their operating expenses may soon go out of business. Nationally, 310 carriers with five or more trucks were forced to shut down in 2015. Trucking is a tough market and poor bookkeeping hurts a company’s chances of survival.
To ensure accuracy in calculating your costs per mile, you must account for your company’s expenses. These expenses fall under three categories: fixed costs, variable costs and salaries. Omit just one cost of doing business from your calculations and you will not have a complete picture of your company’s bottom line. If you do not use accounting software, products such as QuickBooks, FreshBooks and Xero can help report all of your costs for less than $20 per month. If you have specific questions about calculating cost per mile, it is also a good idea to consult a certified public accountant.
The following sections use fictional charts to illustrate each cost category. These charts serve as examples that may not reflect all of your company’s expenses. The final section brings all the costs together to calculate a company’s total cost per mile.
Fixed costs are expenses that your company incurs whether your trucks are hauling a load or are in the parking lot. Fixed costs include expenses like insurance, property leases, permits and other services.
In the chart below, the fictional company Chuck’s Trucks Inc. calculates fixed costs by the mile for the month of August. The chart divides each fixed cost by the 10,000 miles that Chuck’s Trucks drove that month:
Until the Robot Cars Arrive, Here Is How Much You’re Paying Per Year of Car Ownership
I’ve mentioned before in The Billfold’s comment section that I have a new motivation for not buying a car or re-learning how to drive: if I can just hold out for five more years, I’ll be able to use self-driving cars for the rest of my life.
Also, as Lyft co-founder John Zimmer notes, I’ll save $9,000 per year in car ownership costs:
As a country, we’ve long celebrated cars as symbols of freedom and identity. But for many people — especially millennials — this doesn’t ring true. We see car ownership as a burden that is costing the average American $9,000 every year. The car has actually become more like a $9,000 ball and chain that gets dragged through our daily life. Owning a car means monthly car payments, searching for parking, buying fuel, and dealing with repairs.
Zimmer links his $9,000 figure back to stats from AAA, which notes that although the costs of a small sedan might only be $6,579 per year, the average cost of all sedans is $8,558 per year.
Zimmer’s article, which details how Lyft plans to revolutionize transportation in the next decade, also confirms my theory that robot cars will be ubiquitous in five years’ time. We’ll pay for them, possibly via a subscription service with different levels of access, but we won’t have to pay $9,000 per year to maintain cars of our own.
If $9,000 per year (or $750 per month) sounds high to you, here’s a story to suggest it’s a reasonable estimate: at The Motley Fool, Maxx Chatsko tracked every car-related expense for three years and discovered that he was paying $10,822 per year on his car. He also notes that his per-year payment will get lower over time, once he pays off his car loan:
The good news is that I can slash my lifetime cost of car ownership per mile in half because I’ll no longer have a car payment. The bad news is I have to drive 150,000 miles and spend nearly $79,000 first, although that works out to a relatively manageable $5,244 per year on average. And that’s only if I avoid a catastrophic maintenance session with my mechanic as my car ages.
That’s just one of the reasons why I am going to hold out for those self-driving cars. I paid $20 on public transportation last month, and $182 on Lyfts and Ubers. How much are you paying on your car, or on your public transportation and rideshare expenses?
Quick guide to using Lyft in Minneapolis-St. Paul (and $50 code)
There have been some exciting innovations to the personal transportation industry in the last decade. One of those innovations is the advent of rideshare companies such like Uber and Lyft. In this post, we’ll focus specically on Lyft (because I dislike Uber).
For those that are new to the concept, ride sharing is a community of personal drivers. These drivers use their own vehicles and offer to drive passengers to their destinations. Lyft drivers cannot, however, pick up passengers who hail them on the street, but are instead connected with passengers through Lyft’s smartphone apps.
Lyft has been available in Minneapolis since July 18, 2014. After an almost unanimous vote by the City Council, Minneapolis became the sixth region to legalize Lyft’s ridesharing service.
Lyft Minneapolis Quick Fact Guide
Some things to keep in mind if you’re thinking of using Lyft in the Minneapolis-St. Paul area:
– In the Minneapolis-St. Paul area, Lyft is there for you 24 hours a day 7 days a week.
– No matter where you are or where you end up, you can count on Lyft for rides in a matter of minutes.
Why is Lyft So Easy To Use?
Lyft is simple because you can order your Lyft from your phone. Of course, you have to first download and use the Lyft app before you can request a ride and be connected with a Lyft driver, but we can easily download apps in our sleep (or when drunk). From there, set your destination, wait for your ride, and after the ride, you can pay via the Lyft app as well. It’s all done in the app.
In addition to ordering and paying via the app and website, you can also, among other features, view the coverage areas, sign up as a driver, and estimate the cost of the ride.
How much does Lyft cost in Minneapolis?
Lyft is the one of the more affordable rides in town. Whether you ride alone or with up to three passengers, the ride is your own personal transportation. One to two passengers? Use Lyft Line. Have more than 3 people to come along? Request Lyft PPlus which allows you to bring up to six passengers.
You can use the Lyft app (or website) to estimate the price of your trip by entering a pickup and drop-off location or you can calculate using the following price guide:
- Base Charge = $0.45
- Cancel Penalty = $5.00
- Cost Minimum = $4.50
- Cost Per Mile = $1.02
- Cost Per Minute = $0.16
- Trust and Service Fee $1.55
- Airport Fees = Varies.
Here are the prices for Lyft Plus, which offers a 6 passenger ride:
- Base Charge = $1.00
- Cancel Penalty $5.00
- Cost Minimum = $9.00
- Cost Per Mile = $2.00
- Cost Per Minute = $0.30
- Trust and Service Fee = $1.55
- Airport Fees = Varies
Besides just going from point A to point B, there is so much more that makes getting a ride with Lyft fun yet relaxing. For one thing, Lyft has awesome drivers from the community. The drivers themselves pick their own schedule and many of them are driving for Lyft part-time and do something else as their primary occupation like florist or firefighter.
Also, no more standing in the street waving down (or waiting on) taxis or being stuck somewhere without a ride and having to walk (when it’s snowing). With Lyft, if you are in the coverage area, which includes all the hip and popular destinations such as Lowertown, Cathedral Hill, Northeast, The North Loop and Nicollet Avenue. and you have access to the Lyft app, then a ride in just minutes away, 24/7. Go to Uptown Minneapolis or to Downtown Wayzata.
Get a $50 credit for rides in Minneapolis and St. Paul by adding STUART12 promo code into the payments screen: