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Saturday, April 26, 2014

Ridesharing deteriorates the value of a personal vehicle

Is it really worth driving everyday people around for fares? Ridesharing is becoming the norm in this sharing economy. Can your personal vehicle handle the rigorous demand of ridesharing service? Driving on busy weekends may drain your account, especially with rough San Francisco roads eating up tires. The real truth of ridesharing is that this trendy, innovative transportation alternative may not be worth the risk because taxi-based driving demands will deteriorate personal vehicles.

In the last several weeks, new tires and brakes, oil change and a cooling system update were necessary for a driver to continue ridesharing. Even so, the cost of the gas is surging so high that drivers will be influenced to park behind the sidelines and watch other ridesharing drivers get rides. There are many drawbacks to ridesharing, especially since passengers determine the fate of drivers through a flawed rating system that is not transparent (i.e. Lyft).

What we have here are trials and perils of ridesharing in a sharing economy. Renting out a room using AirBNB's platform has a better upside than ridesharing. For the most part, ridesharing requires auto insurance, gas, repairs, snacks, time and also involve toll charges. The more a personal driver is on the road, the greater chance they have to get into unfavorable positions. Nevertheless, driving in the rain is very dangerous to ridesharing drivers who work many hours providing safe rides to ride sharing app users. Even though drivers try to be safe, there is always a risk of accidents.

A ridesharing app may connect a passenger with a driver who is 20-30 minutes out. This can occur in areas in which drivers must travel through a few cities to reach their riders. Demand for these type of rides are at an all-time high; however, unplanned restrictions such as high gas cost, toll charges and traffic tickets shift to drivers using their personal vehicles. Cost to operate a personal vehicle is expensive.

Ridesharing service in large cities changed the transportation landscape. People are equipped with convenient, comfortable and catchy rides. Nonetheless, ridesharing drivers assume the cost of giving rides in their personal vehicles. In the end, maintenance costs, repairs and gas will doom these ride providers.

Ridesharing deteriorates the value of personal vehicles. If drivers get on the road 30 or more hours a week, they can expect to schedule more frequent maintenance appointments. All these drawbacks can restrict drivers because funding is essential to stay on the road. Without gas money, ridesharing drivers will remain grounded. Definitely look into purchasing a gas efficient vehicle that may protect your personal vehicle from ridesharing deterioration.

Good luck ridesharing!