This is another misleading strategy from Lyft , if you wanna talk about insurance and taxes we pay that too , as a matter of fact we pay the companies taxes since then avoid most of the taxes by claiming they only charge a small fee and we the drivers take 70% of the fare which iis not true , if you wanna talk about insurance , taxes and operation costs , we pay that too and to be honest after insurance , taxes and operation costs , is very little what we take home if you Take all these things in consideration, BS not buy it it

Just because they say what the fees are we have no clue if they are being honest. They can say it’s $10 and really be $2 and pocket the rest. We don’t have access to their contracts so we don’t know. All we know is it’s being TAKEN from the total fare. Who it goes to isn’t privy to us

Lyft and Ubers deductible is so high that nobody uses it. In an accident we use our own insurance which is significantly cheaper

The 70% should be paid to drivers before Lyfts ‘external fees’! What a scam! They are taking 49-50% off the top! 😮What a scam! Shame on the CEO!!

Why are we paying for their insurance? They can't sell us their insurance because they are not a licensed insurance company. They should absorb that cost themselves as cost of doing business

I am required already to pay for rideshare insurance from my own private insurance provider so why should I pay for Lyft's insurance too?

If Lyft/uber wanted to be honest then they should go back to the mile and minute reimbursement as opposed to a computer driven algorithm that obvious the whole system

One should always be skeptical with one sided transparency. They can tell us where the fees allegedly go to but at the end of the day the info is coming rom them. This is why businesses have consultants a neutral party to assess finances and follow the money. I have seen a whole team of CEO's get fired because despite the company making positive revenue the reports were in negative. We need a consultant to assess this and let them tell us where the money is really going.

The driver should be charging Lyft your fees. You provide the vehicle, which is a big expense that Lyft does not pay for. Also, you pay for gas. There is maintenance and repairs, which will be more frequent if you drive alot. Drivers should be charging Lyft your expenses which Lyft is now getting for free. Your fees include: rental, depreciation, gas, maintenance, repairs, allowance for waiting time, service fee (that you provide), tolls, parking (including tickets), taxes, car inspections, and maybe other fees.

You are the first youtube content creator for rideshare that actually looked at actual take of these companies that realize that the government is part of the problem.

Are you striking tomorrow on Valentine's day. And just ask the passenger how much they paid for trip. $25 bucks, wow I only got $12 that tells it all

Currently, most will have full coverage because the car their driving is not paid for. So if you have full coverage plus getting charged commercial insurance per ride. Your technically paying more than commercial insurance would be if you out right payed. How does that make sense! What upsets me is that I drive a black car, and the new break down just confirms what I always thought. Lyft charges me commercial insurance and makes it mandatory that I carry commercial independently! Uber removes this fee!

They are passing the expense of running their business onto us😊

Lyft pay a smaller pay then give the driver's 70% of the lesser rider pay. I went from averaging $15 per ride down to $8.60 a ride on average as a driver.

ATTN: On 02/14/24 keep both apps on but don’t accept shit! One: It’s disrupts their algorithm and Two: It discourages the “crumb snatchers” that’s not protesting with us.

Lyft takes 55% of gross, gives driver 70% of 45% tries to make it look like driver gets 70% . When you mix ice cream and horse dung, it does not affect the dung much. DECEPTIVE LIES

I had one this weekend that took 76 and paid me 18. Every ride today was 40-75% of the total fare going to lyft majority were 2x what i was being paid

The government is increasing the taxes and fees to the company it's up to Uber and Lyft to control the split to the driver. They should make it optional for drivers to use their own commercial insurance and receive a higher cut of the. Using our own commercial insurance we have control of the deductable that fits our budget and less headaches with claims

They say numbers but won't reveal it publicly, therefore it is full of crap.

Booked hours are critical for calculating real earnings. While it might seem like you're earning $36 per hour based on active time(rider in seat) this figure doesn't account for the time spent driving to pick up a passenger. The total booked hours reveal the actual earning rate, which is similar for both Uber and Lyft, even though one may offer more consistent rides. In my area, the earnings based on booked hours range from $18 to $22, except on weekends or bonuses when it increases to between $22 and $26.

On my numbers last week the estimated insurance and other expenses are %53 of what I took home without tips included. That’s high. If I paid $450 a month for commercial insurance then I might make $1200-$1500 more each month.

Excellent video!!

After external fees is the catch I think, because so much is going to commercial insurance... If it were 70% of the total amount the passenger is paying, then that would be good.

I’m my market most offers are still $1 per mile it was the same before the update

They could say and show you that this is where the money goes. That doesn't mean that that number is true. They can claim that 60.00 is going to taxes when in fact it's really 20.00 which means they took 40.00 from the driver. This is just an example of what could be going on. If that's the shell game they are playing, they are to get drivers to blame the government so they can keep stealing the drivers pay and laugh at them all the way to the bank.

I saw the article on Lyfts LinkedIn account...very skeptical.

Before this was implemented I noticed that Lyft's pay seemed lower to me. I believe that they lowered the amount that they were paying us brides and this is just looking like they're giving us something when they're probably just making up for what they lowered in the last couple weeks

Doesn't impact me, unless they start lowering the bonuses to make up for the increase the 15% will be getting, thus making some on top earn less... By bonuses I mean the per ride bonus you can collect, not the weekly ones...

Great content family

The rider is the one being charged for the commercial auto insurance. The driver is not charged for the insurance. The rider pays for the commercial auto insurance when they request a driver to take them from point A to point B. It has been this way since the beginning and will continue to be so. The driver has never paid for the rideshare commercial auto insurance and never will do so. The rideshare commercial auto insurance coverage per trip has always been free for the driver and will always be free for the driver. The ENTIRE rider payment does NOT belong to the driver. The rider payment covers the external expenses (commercial auto insurance/state & local fees and taxes/airport fees/payment processing fees/other third-party ride-related expenses), the rideshare service fee percentage (platform maintenance/ridership growth/app improvements) and the driver pay percentage (70% or more of the rider pay after external expenses are paid for by the rider). The DRIVER IS NOT CHARGED for the trip. The RIDER IS CHARGED for the trip. The DRIVER RECEIVES a percentage of what the RIDER IS CHARGED for the trip; after completing the trip from point A to point B. That is the only role of the driver during each and every trip. Drivers have NEVER been CHARGED by the rideshare platforms. They have always only been PAID by the platforms.

They also need to pay drivers for any time missed for not being able to drive after being deactivated. Buck Living said that two states, made Uber reimburse drivers for missed time for deactivating drivers when the driver wasn't at fault. That's what they get for deactivating drivers so easily. Another thing, how come you can't get a hold of anyone at Lyft? You can't talk to anyone and when you Chat with them, all that they do is transfer you from one rep to another, but no one helps you??

4000 a month that used to be part-time money js 😂

Now riders who believe this bullshit won’t tip now!! Thanks Lyft for screwing us sideways now 😡😡😡

Yeah, they always do try to take things they are getting forced to do and act like they’re mavericks about it in other states. The same can be said with this new “transparency” thing. In the world of trucking brokers are now forced to provide itemized and detailed information on how they come up with the charge the take from the owner operators. They may just see the writing on the walls and are trying to fly under the radar with this “transparency” they are putting forward.

Does Lyft take into consideration what our expenses are?

Honestly, the whole deal with drivers having to carry Rideshare Auto Insurance + Lyft's extra commercial insurance is excessive. Either Lyft and Uber just takes care of all the insurance and take % for it or just let drivers get their own insurance (commercial). The situation now is like double-kill ~ it's what eats into the driver's pay. For full time drivers, it almost makes sense to get their own commercial insurance but it is a different story for part time drivers (those who drive maybe 1 day a week on the weekend).

Uber sent an message here in Florida last week stating that insurance requirements for us are greater than for taxi drivers and that injury attorneys were doing a barrage of law suits.

Great video! Thank you for sharing!

Very interesting, I’m steel not happy about insurance, I’m paying 300.00 for ride share insurance on 3021 Avalon in AZ.

❤❤❤Pro Tip-Delete the Lyft App already!!! David is making Dara look like a SPECIAL SUPER HERO in San Diego, California RIGHT now!!! Lyft fares do NO🎉pay MINIMUM wages in California!!!

15:50 - 16:12 : right on point!

Thanks good tips

I am in the Chicago Market and can confirm it DOES breakdown what the fees goto.

Its live in my market and our upfront fare has gone down 20% since this went to effect... we will all be down to 70%

Do we have to pay for their business license too? Why should we pay for these expenses too? I am not their partner. I don't get a profit share so why should I pay for their cost of business.

70% is only in 8 states and Tn was the 8th and that just started 3 weeks ago and Tn does not offer long bonus pickup difference and they use our bonus to make up difference of what they kept from the passenger

the main problem with lyft they charge passenger to little.

Regarding Commercial Liability Insurance, according to Uber, who has also implemented a similar stance as Lyft, the insurance is a government mandate, so even if one has commercial insurance, as in the case of Uber Black, they still access you for their government mandate insurance. It simply seems to me that this a false claim by Uber and Lyft to justify another fee grab.

So, your state and local officials agreed to allow Uber and Lyft to operate in your area. You were therefore able to take upon yourself work with these rideshare services because of that agreement. The state and local officials charge taxes and fees for allowing Uber and Lyft to service your area with an individual vehicle transport service. They allowed rideshare in addition to their mass transit system, taxis and liveries already available for their citizens. There are citizens which decide to use rideshare in place of and/or along with mass transit, taxis or liveries. The government officials charge those citizens taxes and fees when they choose to use the rideshare service. Those taxes and fees are charged to the rider because the rider chose to add another vehicle to the infrastructure and air quality of the area. The driver is not charged the local taxes and fees. The citizens are actually paying for a service which supplies them a driver and a vehicle to take them from point A to point B. Therefore, there must be commercial insurance to cover that transport. The rideshare companies have insurance companies which provide the commercial insurance covering the rider and the driver while in transport. The rider pays for the commercial insurance which covers both the rider and the driver during transport from point A to point B. The total money that the rider pays for their trip from point A to point B does not belong to the driver. The driver receives only a part of that money for their service in the process. Lyft also receives a portion of the rider payment for their service in the process. However, the commercial insurance and local taxes and fees and processing payments, etc are the first to be paid from the rider payments. The driver cannot operate their vehicle for a rideshare pick-up and drop-off without the commercial insurance being activated first. The rider makes it all possible by paying for the commercial insurance. The driver does not pay for the commercial insurance. The commercial insurance is free for the driver. Also, the driver does not pay local taxes and fees for the trip. All of the local tax and fees and other app service expenses are paid for by the rider. After all of those entities have been paid via the rider, then the driver and Lyft divvy up the remainder of the rider payment. Lyft is paid for their part in processing the rider request and the driver is paid for their part in accepting and completing that rider request. The driver did not have to set up the rideshare service agreement with state and local officials. The driver did not have to seek out and maintain contracts with commercial insurance companies for each ride. The driver has not produced and maintained an app and customer support for the rideshare service. The driver does not produce ongoing advertisements for the rideshare service. The driver does not solicit, acquire, and maintain rider participation for the rideshare service. The driver does, however, supply themself and the vehicle and everything needed to run the vehicle and keep it legal for the rideshare service. After the state and local fees and insurance and other third party expenses are paid for that rider request, then Lyft and the driver are paid according to their percentage split from what remains of the rider payment. So, it is important for the driver to figure out which upfront fare fees are the best to accept. The driver should be very careful to except an earnings amount that is worth the amount of mileage and minutes estimated for each trip. The upfront fare which they agree to accept is the portion of the rider payment that has been alloted to them.

Lyft found another way to collect more - Just think about it . At the end of the week Lyft provide total amount of driver earnings , ext. fees and rides pay. So they pay bigger % of cheaper rides and Lyft collect more $ from the expensive rides and at the end of the week is 70% and drivers didn't make more money than before Same crap -at the end drivers get screwed again - STRIKE , STRIKE , STRIKE--- FEB 14

You say don’t buy a new EV to capture the $100 per 50 rides weekly bonus. Two things to keep in mind. You can buy a new Chevrolet Bolt EV for 26k, and if you can capture the full federal tax credit of $7,500 in addition to state cash incentives, a new EV may not be a bad idea. Keep in mind you can charge your car at a home charger overnight, giving you 250 miles range for as little as $4-$5 during off peak hours.

I think that if we drive eight hours, that we should make $400 each time - minimum. I spend an average of $55/daily, on gas, wear and tear on vehicles, we should get $400. Also, if you work FT for these guys, that means that you have to pay for your own health insurance, can they reimburse us for some of that cost too? I don't care if I get my HI through them, or if I get it myself, but they need to find a way to either get us a major discount, or reimburse us for HI monthly. They have a lot that they need to do for us. They want us to drive a lot, but don't want to pay us a fair pay, and don't want to give any benefits either?? These guys are crooks..

I haven't seen any change in my pay. Still averaging the same amount of money per day?

I don't care about their percentage game. if they want me to drive for them ever again they will pay me $1.50 a mile and 45 cents a minute. I don't care what they charge the customer.

The Uber and Lyft they must go to the jail for this. This is Fraud.

yo la to oc .. paid $33 the charged $95 .. (55miles and 1hr 20 mins)

70% of the leftovers after lyft deducts their expenses off the top. "Insurance & Other expenses" are NOT legitimate "third-party" fees. They're normal business operational expenses. Drivers have "insurance" expenses. Driver have "other" expenses (uh, like the car. And gas.). According to lyft's driver contract, the riders are hiring the driver. How about drivers deduct their expenses and third party fees off the top and then pay lyft 30% of the leftovers? Hmmm? How about that?

A lot of Lyft follow up reports that deactivated Lyft drivers came from Lyft bots without the reports originating from actual Lyft customers. The procedure should be for real humans from Lyft safety team to call out by phone to the actual Lyft customers that the reports about drivers originated from. They will discover that they were not reports sent from Lyft customers. A lot of good drivers were terminated because of Lyft bot glitches. Lyft is a total mess. 💯

If my math is correct, by the time any driver is netting about $1,000, he/she is grossing about $2,000. But about $480 (the 24%) is taken out due to insurance and other fees. The average cost for a CHEAP commercial auto insurance can run you $450/month, but we have to understand something, the newer the vehicle is and the more expensive the vehicle is, the more expensive the monthly cost of the insurance. If a driver has a gross earnings of $10,000 in a month, that's about $2,400 for insurance and other fees. We need to know how much of the 24% is the insurance cost to determine whether getting a commercial auto insurance would be worth it. If it were worth it, would Lyft stop taking the insurance cost out of our gross earnings if we had commercial insurance and if our vehicle can only be in the Lyft Regular tier?

The government being the problem isn't tied to Lyft justifying the taxes and insurance excuse. In my opinion. The government being a problem is more so related to Biden now getting involved via forcing the rideshare businesses to make drivers employees. Regarding the transparency. Lyft just switched areas. They're transparent on the overall breakdown of what the passengers are charged. But they're hiding the insurance marh. From what I've learned. Corporate companies can get car insurance by the bulk, pretty cheap and resell it higher to drivers. Hence Lyft and Uber with their very high 1000 plus deductible. And even that insurance doesn't cover the basic. It'sworse than no fault insurance. Example. Last year I was hit by a driver from the back while driving 4 passengers. I'd reported it to Lyft. They were aware that it was the driver's fault. However. Lyft still wanted me to pay the deductible in order to get my car fixed. I'd asked them why. Seeing it just made sense to pursue the other party's insurance. Long story short. Lyft’s insurance told me that they don't pursue the other party, obligating them to repair, like most insurance do, when the other is responsible. I bull shit you not. This happened a few months ago. The only way that I got around this was by me pursuing it and getting the guy's insurance to pay, because my own insurance would not and would cancel my policy if they knew that I use my car for rideshare. Trust. This isn't about the government. Plus, Lyft is hurting for driver's. And what better way to advertise misleading dollar figures, in order to recruit new drivers. Lyft putting out this repackage pay advertisement is like someone arguing semantics. They're just trying to polish a turd once more.

Other than the most obvious answer which is this is a classic case of false advertisement... DRIVERS MAKE 70% OF WHAT THE RIDER PAYS (after we take out our required operating costs that we consider external - in small print). Sooooo, if Lyft outsourced their software engineers and their Driver support, that could be considered an external fee as well?? Where does it stop?? But since it is what it is, I do agree with you Tristan, the key takeaway for the higher earners here is to focus on trying to cut down on the "estimated" 25% of these external fees Lyft is taking off the top. I drive here in LA and I already see the drop down of my "Est. external fees"... which appears to only include two line items... 1. "Est. commercial auto insurance & other expenses", and 2. "Taxes & gov't fees". So unfortunately the transparency is still not as transparent as we would like. Specifically line item 1 that is "Est. commercial auto insurance & other expenses". Wtf is "other expenses"?? Once again, that should be broken down (airport fee's, etc...). Nevertheless, it seems that as a driver we might have some control over the amount of the external fees... For example driving to/from the airport has airport fees included as part of these external fees. Its also likely that the commercial insurance is also higher for airport rides. Also, the longer the trip, the higher the cost of commercial insurance for that trip. So it seems that if you avoid airport trips and keep your trips under 10 miles, ideally you might have lower external fee's compared to a driver that only does airport trips and/or long trips. Not to mention that the smaller the market you drive in, the lower the commercial insurance should be and as such, the lower the % of the "Est. external fees" taken off the top.

Basically we the drivers are paying the external fees while Lyft's fees are untouched ours are calculated after deducting the external fees. I find it hilarious how Lyft tries to manipulate us into believing that they're doing something in our favor. Lyft only looks out for Lyft period. I did one of their EV rentals and hadn't been on the platform before with my own vehicle so didn't know any better but once I got my own vehicle come to find out they were underpaying me compared to drivers with their own vehicle. Bonuses were different as well if I didn't accept 3 consecutive rides (no matter how far) during the bonus time I would have to start the ride count over and by that time the bonus time was over. I also had to use my personal miles to go do the inspection for their rental as well as maintenence ( 2 separate instances) and if I didn't comply I would need to return the car. If I took a ride further out like San Jose and use the destination filter to get a ride request coming back the hidden timer ( which doesn't display unless you go back to the filter) would turn off the app and without me knowing it the rest of the mile were my personal miles. Since the fast track in the rental was their account I had to reimburse them the toll charges that were initially given to me with the payment from the rider. So each week when the rental started over there were random amounts of tolls added to the rental fee plus they were charging me an additional service fee for each toll charge. So the rider paid $7 to me and I was paying Lyft $7.84 each toll. I had a ride to Redwood City that if I didn't accept I would loose my bonus and it was 25 mi from San Francisco as soon as I drop the rider off they turned off my app and told me I had to take a rest so I had to either stay in redwood City for whatever duration of the rest time or I had to use personal miles to come back to San Francisco, which I did, and ironically the miles for pay-as-you-go were 25 mi for $20. With the amount that they were paying me I was barely paying off the rental plus all these added charges. I felt like I basically was volunteering my time to lift as a driver since I was just turning all my money right back over to them for the rental fees and all the extras they were putting on their and I had no choice but to pay it because they added it to the rental amount and until I pay that rental amount I would not be making any money for myself I kid you not I was barely making two to $300 for the week for myself one week I only made $30. It started off at their normal rate but as I got more into it I was paying close to $1,700 a month just for the rental. You would think that they'd be a little bit more helpful since I was driving on their platform with their car but it was quite the opposite they were making sure that they were making their money and I wasn't really making any for myself. I'm still climbing out of the hole and it's been months since I returned that car.

You are not talking about the Elephant in the room, Uber and Lyft are self Insured meaning the Insurance payments go to them since they are self insured meaning they are the INSURANCE COMPANY!!!!!!!!!!!!!!!!!

I worked this morning and it look like my pay went down and that’s with surge

What’s Lyft elite? never heard of that . Can someone please explain to me. Surprising

Uber has been showing the breakdown of the fares but drivers do not believe it. From what I can tell; the lower the fare, the larger the percentage of money is taken. The fees and mandated insurance are flat rates that varies between the jurisdictions.

The while scheduled ride thing is a joke I can show you most rides are 2 to 5 dollars on scheduled rides which u have to be on 30min prior. If your already online you'll probably miss an hr

Lyft offered me $100 guaranteed to finnish signing up befor feb 21 and do 1 lift ride.

​70% of 76% is 53.2%....cant spin it any other way

lyft and uber work for investors not drivers

Lyft us trying to be like Uber for EV drivers battery matching technology meaningful gas drivers will be messed over because EV drivers will possibly get more shorter trips than gas vehicles

Hopefully base fare will be more than $3 now.

They will give driver 70% after taking there fees and 30%

If a person is mainly working airport prime times, concerts, games, etc, they may receive money back from Lyft. It is not the worst drivers necessarily.

Is the same 💩in a different 🪰

IT'S ALL PASS THROUGH... WE ARE PAYING FOR IT ALL...

Yep lie fake scam so tired of lies.

What kind of car does this guy drive 200 per month sounds crazy. 100 for insurance?

Obviously you do not live in NEW JERSEY

More bs by these people

70percent scam

Dude, you need spell check: guaranteed

Bruh, you’re on their marketing team aren’t you?

Bro the government has nothing to do with bad pay its uber im starting to think u are a uber shill u dont avg 31 my boy your expenses math is wrong been doing it since it started and a big market charleston is not boomin lkke thaf

😂

But THANK YOU for your video !!! You did a very nice job.Much appreciated. Riders need to talk with drivers to see just how bad they are being compensated while putting their lives in danger.Uber & Lyft are trash!!

Gzzzzz $23 per hour …. Thats GARBAGE!! After GAS ..TAX…DEPRECIATION…Tires,brakes,TRANSMISSION,Or missions if two of them break…. SERVICES like lubes & cleaning & ALL expences paid by driver … $23 per hour after expences come out at $12 per hour or LESS … And you get to TEASH your car and GO BROKE!!! Get in an accident you pay the first $2,500 😳😳😳 all drivers get hit talk to your drivers & no compensation …. Uber & Lyft is a SCAM … only poor undocumented workers are doing this scam!!! Drive Lyft TRASH your car and GO BROKE !!!!

To many ignorant driver's who aren't educated enough to know how Business works.....But you can't cure stupid.....Go figure 🙄