Reading Time: 7 minutes
This post is sponsored by SherpaShare

Thousands of on-demand workers drive for rideshare platforms on a daily basis. Uber alone recruits 50,000 drivers every month!

For most folks, it’s easy to sign up and get started. As long as they have a smartphone to download the app, a car, a valid driver’s license, insurance, and a few more minimum requirements just about anyone can get approved and start making money right away.

Rideshare driving is great for those who need to supplement income, work flexible hours or improve their work-life balance. Being their own boss means drivers work whenever they want. Single parents and college students can make money while taking care of other responsibilities. Entrepreneurs can pursue their passion and work around building their dream jobs. It seems like a win-win.

However, at SherpaShare, we hear first-hand from thousands of our members each year about the hidden costs of rideshare driving including wear and tear on cars and other related expenses. A survey conducted in January 2018 revealed that 75% of SherpaShare members own their vehicles, so we wanted to take a more in-depth look at the costs and benefits of owning vs. renting a car for on-demand work to see if renting could lift some of the financial burdens of driving for a living. And the findings are surprising!

car ownership, fleet owner, carsharing, car share, car sharing benefit, mobility, passive income, rent to drive, rent a car drive for uber, drive for lyft