Is attaching car with ola profitable?

You can easily profit at least Rs. 15,000 a month. We’re talking profits here, not earnings. If you drive a diesel vehicle, and drive your car yourself, you can earn greater profits.

Is it profitable to attach car with ola in 2021 Quora?

Yes it profitable to attach your vehicle with ola /uber. Because before attaching your car in ola/uber you have to fill a bond with company in which you can not deattach your car before time or company can not use your car after time.

How does ola pay for car ownership?

Payments are made by the passengers in form of hard cash or online through wallets. This is one mode of income which happens after every ride. The second mode of payment is by incentives. Incentives are also received online by the cab owner from Ola and Uber.

Can Uber drivers use leased cars?

It depends on the terms of your lease – it will dictate whether you can use your car for hired rides or not. Most car leases are not very “Uber friendly” though, as leases tend to have specific limits on miles traveled. Thus using a lease car for Uber may end up costing you thousands in mileage overage fees.

Is Uber or ola a profitable business?

Initially, in the year 2013,14 and 15, it was profitable. But, now there is no profit in it. Earlier both Ola and Uber has given good profit as they were offering good incentive scheme, but now they have changed it drastically. If in 2013–14, you were earning around 1 lac from one cab, now you can earn around only 60 K.

How can I put my car to rent for Ola and Uber?

Invest your in car rental​ startups like zoomcar, Myles, revv. You will earn better there rather than in ola or uber. Originally Answered: How can I put my car to rent for Ola and Uber? Ola and Uber are not car rental services so you cannot “put your car for rent”.

How do I identify my current market for Uber or OLA?

The best way to identify your current market is to ride both Ola and Uber Cabs as a customer for sev If they have their operations in your city then just visit their office to get more details. Is it Profitable? The Answer could be YES or NO both.

How to make money with ubercabs?

So, if you want to make money with your car then UberCabs is best choice for you, attach car to Ubercabs and start making money. Make sure that if you going to drive the car with your own then you will make approx 90k per month and if you are going to hire a driver then deduct the driver salary from 90k.