How Much Can I Make from Uber and for How Long?

This is the most frequently asked question from clients inquiring about our business at Pukena Cars & Drivers. The next one is, "What type of car is best used for the business?"
Let's get down to details right away...
Toyota Corolla is actually the most preferred car for the business. The 1.8 litre 4 cylinder engine gives an average of 30 miles per gallon (mpg). The air conditioner is excellent, sound system is good enough. With the Corolla, you’ll get good reliability, reasonable space and excellent resale value.
Investment Details
Price for Toyota Corolla (Tokunbo): N1,800,000
Cost of vehicle registration: N50,000
Cost of Oil change and filter: N15,000
Cost of comprehensive insurance(3.5%): N63,000
Cost of tracker installation: N35,000
Pukena Processing fees: N20,000
Total investment: N1,983,000
Returns Breakdown
For rental program
Weekly payout: N25,000
Monthly payout: N100,000
Average monthly expenses (brake, suspension system due to bad road): N10000
Note: Regular oil change and filter is handled by MyMechNG (Valued at N15,000) per month.
Your Return on Investment per month: N90,000
In 24 months: N2,160,000 (Break even)
A clean Toyota Corolla has an average life span of not less than 5 years. After 2 years, with adequate maintenance and care guaranteed by Pukena, you recoup your investment and can still sell your corolla for N1,200,000 (Toyota has a high resale value) or keep making money with it on Uber/Taxify under Pukena management.
We have a lucrative hire purchase program that sees you make up to 50% ROI on your car after 12 months. Contact us for details
Reasons you should consider this business...
- As long as the car is sound due to proper maintenance, you can still make money over and over again
- You empower people by creating job opportunities for experienced drivers
- It is easy to start as long as you have your car. You leverage on already existing systems of Uber and Pukena for technology and driver management. You just sit back and reap dividends
Interested in adding a car on Uber under our fleet? Start here