Nowadays, there are a lot of people who have been becoming Uber or Lyft drivers worldwide. Anyway, being an Uber or Lyft driver is a good choice to earn some money. Whats cheaper Lyft or Uber? Let us find out how much you can make when working for Uber or Lyft.
Everybody knows that Uber and Lyft are two popular ridesharing companies that give a chance to everybody who has a car to be a ridesharing driver using a special platform. Formerly, Uber and Lyft are in one organization, but now they run their own system.
Uber vs Lyft Pricing
Lyft is the biggest rival for Uber and they are trying to give the best price for all of their clients. Somehow, when we look at the rates, Uber and Lyft are not too different because it also depends on the location.
In this case, both drivers and passengers can actually check the cost of using Uber or Lyft using each app. In some cases, passengers who use Uber or Lyft will be charged $1 up to $2.5 to begin the trip for the booking fee.
Meanwhile, once the taxi runs, the fare will start to be calculated according to the distance and it is usually $1.5 per mile or $2 on average.
Of course, it will be cheaper than riding with a conventional taxi. Uber has Surge to determine the fare while Lyft is known for its Prime Time.
Surge Pricing on Uber
Surge pricing will be charged when there are too many requests while the drivers are limited.
Uber applies a surge fare multiplier that is according to the location and it can starts from 1.3x up to 2.1 to the distance fare, time, and base.
Prime Time on Lyft
Prime Time will add extra fare according to the basic fare using percentage. So, the percentage is also flexible and it can be 30% up to 50%.
For example, if you take a ride and the normal fare is basically $20, then when it uses prime time as much as 50%, then the cost will be $30.
Whats cheaper Lyft or Uber? Therefore, when we compare between Uber and Lyft pricing, then the Uber fare must increase as many as 7x after the surge charge. Meanwhile, Lyft may only increase the fare as many as 2x.
What does it mean for passengers? Many passengers would prefer to ride with Lyft particularly in high demand time because Lyft usually will not hit the high multiplies which the passengers may find on Uber.
If we look at from the driver’s point of view, Lyft has a smaller cut, but in term of bonus, Uber has a big bonus for a new driver.
Choosing Whats Cheaper Lyft or Uber
Basically, Uber and Lyft actually have no different costs during the normal day and passengers can choose between Uber and Lyft.
Somehow, when the high demand time, many passengers will take Lyft because Uber usually applies surge charging in the busy day.
What about the driver earning? Basically, when we calculate the daily earning between Uber and Lyft, they have no significant difference and drivers may earn the same income.
How much does usually an Uber or Lyft driver make? According to a research, Uber or Lyft drivers can make as much as $14 per hour on average.
In conclusion, whats cheaper Lyft or Uber? We cannot say that Uber is more expensive because Uber and Lyft have the same cost during the normal day.
But, when the high demand, Uber will be more expensive than Lyft. So, you can actually take Uber during the normal day, while you can take Lyft during the busy day.