Grab Car for business

[blacksynovial]

Hello po...

Curious po ako sa grab car business...

Pang extra income lang kasi...

Pwede nyo po ako mabigyan ng info kung magkano ang net profit per month?

Thank you po.



A true driver knows no brakes.

[Terminus]

pwede ba ito pag usapan dito?

[XploY]

pwede ba ito pag usapan dito?

pwede po. pati nga yung pusang gala, pinag uusapan dito.

[Terminus]

depende sa driver ang kita sa grab. if masipag driver mga 8-10k a week without incentives

[Turbo Diesel]

Is starting a grab car business lucrative? How do you split with your drivers? Or do you pay them a fixed amount and give bonuses for performance?
Any help regarding this would be of great help.


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[Turbo Diesel]

Anyone with any info or input about this?


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[jut703]

Short answer: Only lucrative if you have the scale and can ensure that all your cars have enough trips to qualify for incentives.

If you want a detailed answer, read here:

The Uber Investment - Alpha Investments

The article talks about Uber, but it has the same business model as Grab anyway.

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[ice15]

Based on my personal observation...

Philippines - 50-50 daw ang driver and operator (as per driver's I've talked to)

Here in Singapore, you can go to car rental companies. (Strangely, this is more similar to our "boundary system.") Only requirement is that you need to return the car for servicing before 10,000kms.

And yes you will need scale to make it profitable.

Based on my family's experience with regular taxis... 2 units is not enough...

Benefit of TNVs is that the car is basically a "private vehicle" which means cheaper insurance and better resale value.

Last tip, don't fall in love with the car, it will be used as a PUV. Expect the worst!

[_Cathy_]

Does anyone here have experience on buying a car for grab? Our driver proposed to my Auntie to buy a Vios for grab (20% down) He will drive it and the monthly amort will come from the profit. I thought they were buying the car in cash but when I found out na loan and it will be under my name parang ayoko na ata.

My Dad NEVER EVER bought a car on loan. Daddy told us the only time utang is acceptable is for properties/assets - never a car. Tumatak talaga sa mind ko yan. Now I am supposed to loan a Vios?

Anyway, is Grab still profitable? A Vios 1.3 J M/T costs P732k, at 20% down the monthly is P19,820. Basta P250k daw ibibigay na pera ng Auntie ko sakin. Worst case scenario, kung wala pambayad ng Amort, ayoko mahatak yun e di sira ako sa Toyota/Bank? I will have to pay it off, lugi na ko sa interest plus what the heck will I do with a Vios? Also, if I do sell it, ang baba nun kasi taas ng mileage Also, our driver said sa kanila iga garage yun car, shouldn't it be with us? Kasi kami yung "operator" . Our driver is a good guy, known him for decades, but he still owes us some money from building his house back in 2017 though LOL. Medyo hindi ako confident, ang optimistic ng projection e.

[dr. d]

Does anyone here have experience on buying a car for grab? Our driver proposed to my Auntie to buy a Vios for grab (20% down) He will drive it and the monthly amort will come from the profit. I thought they were buying the car in cash but when I found out na loan and it will be under my name parang ayoko na ata.

My Dad NEVER EVER bought a car on loan. Daddy told us the only time utang is acceptable is for properties/assets - never a car. Tumatak talaga sa mind ko yan. Now I am supposed to loan a Vios?

Anyway, is Grab still profitable? A Vios 1.3 J M/T costs P732k, at 20% down the monthly is P19,820. Basta P250k daw ibibigay na pera ng Auntie ko sakin. Worst case scenario, kung wala pambayad ng Amort, ayoko mahatak yun e di sira ako sa Toyota/Bank? I will have to pay it off, lugi na ko sa interest plus what the heck will I do with a Vios? Also, if I do sell it, ang baba nun kasi taas ng mileage Also, our driver said sa kanila iga garage yun car, shouldn't it be with us? Kasi kami yung "operator" . Our driver is a good guy, known him for decades, but he still owes us some money from building his house back in 2017 though LOL. Medyo hindi ako confident, ang optimistic ng projection e.

i vaguely recall that if the car is going to be used as a taxi,
the peso installment numbers change.
the laspag factor is considerably higher than that expected of cars for private use.

[ice15]

Does anyone here have experience on buying a car for grab? Our driver proposed to my Auntie to buy a Vios for grab (20% down) He will drive it and the monthly amort will come from the profit. I thought they were buying the car in cash but when I found out na loan and it will be under my name parang ayoko na ata.

My Dad NEVER EVER bought a car on loan. Daddy told us the only time utang is acceptable is for properties/assets - never a car. Tumatak talaga sa mind ko yan. Now I am supposed to loan a Vios?

Anyway, is Grab still profitable? A Vios 1.3 J M/T costs P732k, at 20% down the monthly is P19,820. Basta P250k daw ibibigay na pera ng Auntie ko sakin. Worst case scenario, kung wala pambayad ng Amort, ayoko mahatak yun e di sira ako sa Toyota/Bank? I will have to pay it off, lugi na ko sa interest plus what the heck will I do with a Vios? Also, if I do sell it, ang baba nun kasi taas ng mileage Also, our driver said sa kanila iga garage yun car, shouldn't it be with us? Kasi kami yung "operator" . Our driver is a good guy, known him for decades, but he still owes us some money from building his house back in 2017 though LOL. Medyo hindi ako confident, ang optimistic ng projection e.

if you're not comfortable with the arrangement. don't do it. sometimes, we have to be the bad guy

pero just to share. nung nasa Taxi business kami (very long time ago), nag babago rates ng loan and insurance once the car is for hire. Since Grab needs an LTFRB franchise, baka similar set-up sya.

and when we were nasa PUV business - pinapauwi namin talaga sa drivers yung sasakyan. some drivers want to go out in the middle of the night or very early in the morning and hassle naman kung nasa amin naka-parking yung car.

lastly, based on experience. the PUV business works if you have a fleet. min-3 units. anything less than that will be really hard.

[BratPAQ]

That sounds risky. Na inyo 2 aunt mo lahat ng risk, tapos naka tali kayo sa sipag ng driver nyo. Is the reward for that risk enough? Parang walang liability yung driver, he can walk out of the deal anytime he wants.

Tapos wala pa sa inyo sasakyan. You will rely on your drivers honesty na ayos la yung sasakyan. Na name-maintain yung sasakyan. Na hindi pa nabebenta.

Baka kaya naisip nya yan dahil magbubukas ng maraming TNVS unit ang LTFRB, what would the flooding of TNVS units on the street means for the income of grab cars?

[_Cathy_]

That sounds risky. Na inyo 2 aunt mo lahat ng risk, tapos naka tali kayo sa sipag ng driver nyo. Is the reward for that risk enough? Parang walang liability yung driver, he can walk out of the deal anytime he wants.

You're right about that

Sold na sold yung Auntie ko sa proposal ng driver namin. Ang problema sa pangalan ko loan tapos sa house niya naka garage.

Baka issue na naman if I refuse the loan parang nung Kuya ko when he asked to use my name in loaning a property, tumanggi din ako.

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[papi smith]

If hindi ka talaga maka hindi sa Auntie mo, at least try to convince her na pag pumalya sa monthly ang driver ay sya ang sumagot so the loan is religiously paid.

Maybe operating a Grab can be profitable but only if you run it as a business. The difference between you and an operator is pag pumalya ang driver, hanap ng iba. But in your case kasi gratis ito.

[uls]

dami na tao pumasok sa ganyan with the same thinking

ung kukuha ng kotse para mag grab at ung kikitain pang hulog sa kotse

but a lot of them didn't work out as planned

the income isn't high enough and/or consistent enough to meet monthly car payments

[dr. d]

what is the status of insurance for such cars nowadays?

personally,

ang sarap naman nang buhay nang grab driver na yan!
no impetus on his part to strive.
and when he fails to come over from whatever reason, he still comes out unscathed.
whatever happens to the car, he's not responsible.
if the paymemts default, he's not the one with a bad rep.

19,820 pesos a month comes out as about 800 pesos a day x 25 days a month, excluding gasoine and car maintenance, as well as take-home income.
what is today's average grab income?

questions, questions.

i wish a grab operator would chime in and enlighten us...

[uls]

tingin ko nanguuto lang ung driver

gusto lang ng driver magka-kotse

madiskarte si manong

[papi smith]

If ya all are familiar with Cathy's post re her family, it's easy to conclude that Cathy's Aunt never really gave much thought on the sustainability of this scheme. Her primary objective was to help. She's not even aiming to recover her 250k. Si Cathy ang naipit dito, the driver gets a free pass any which way. But even if Cathy can get her Aunt to guarantee full payment, the problems do not end there. Pag may nasira or maintenance need sigurado wala syang provision for this. Pano na kung maaksidente pa? Then the driver's living expenses will go up. Kung dati yan madalas sa bahay lang, lalabas yan with family para mag outing, worse with barkada pa. Sarap ng may sariling service hehe.

[_Qwerty_]

bakit sa name mo ilalagay? bakit di na lang sa aunt mo ipangalan, para labas ka na don.. problema na nila yan..

iba din insurance nyan pag gagamitin sa grab.. mas malaki..

dapat yan magaling yung mag o operate.. dapat daily ang pasok nang boundary.. para sigurado may pambayad sa monthly / maintenance and insurance.. mabilis din magpalit nang gulong yan.. and mas mabilis ang change oil..

[_Cathy_]

what is the status of insurance for such cars nowadays?

personally,

ang sarap naman nang buhay nang grab driver na yan!
no impetus on his part to strive.
and when he fails to come over from whatever reason, he still comes out unscathed.
whatever happens to the car, he's not responsible.
if the paymemts default, he's not the one with a bad rep.

19,820 pesos a month comes out as about 800 pesos a day x 25 days a month, excluding gasoine and car maintenance, as well as take-home income.
what is today's average grab income?

questions, questions.

That's what I wanna know, is there anyone that could give me numbers?

Another thing, dati bigla siya nag resign samin e nagulo mundo namin kasi I was working then so hindi talaga makakalabas seniors without a driver, kaya hiniram tauhan ng Tita ko na super palpak naman.

If ya all are familiar with Cathy's post re her family, it's easy to conclude that Cathy's Aunt never really gave much thought on the sustainability of this scheme. Her primary objective was to help. She's not even aiming to recover her 250k. Si Cathy ang naipit dito, the driver gets a free pass any which way. But even if Cathy can get her Aunt to guarantee full payment, the problems do not end there. Pag may nasira or maintenance need sigurado wala syang provision for this. Pano na kung maaksidente pa? Then the driver's living expenses will go up. Kung dati yan madalas sa bahay lang, lalabas yan with family para mag outing, worse with barkada pa. Sarap ng may sariling service hehe.

Ang galing mo, my Aunt is only doing this para mas may income yung driver namin. How did you know because I never mentioned it, but yeah she told me na para tulungan driver namin. He proposed na kasi na yung isang car ko igrab niya para pag hindi namin siya kailangan pwede siya mag grab and we both could earn. Ayoko malaspag car ko saka hindi rin naman pwede kasi luma na. So he told my Auntie na hindi nga ko pumayag LOL

I trust our driver, may malasakit yun saka hindi mapagsamantala pero my Mom said dapat sa house namin nakaparada yung car.

bakit sa name mo ilalagay? bakit di na lang sa aunt mo ipangalan, para labas ka na don.. problema na nila yan..

iba din insurance nyan pag gagamitin sa grab.. mas malaki..

dapat yan magaling yung mag o operate.. dapat daily ang pasok nang boundary.. para sigurado may pambayad sa monthly / maintenance and insurance.. mabilis din magpalit nang gulong yan.. and mas mabilis ang change oil..

Nasa US kasi Auntie ko and only comes home for a few months every year.

I won't get a cent from this pero it looks like magpo problema ako kasi sakin magbabayad driver namin so ako ang magde deposit sa bank at maga accounting. My Aunt never questioned me when it comes to money but we are not in good terms with her husband. Mahirap when money comes in, baka may masabi pa sakin.

Those are things I need to tell my Aunt, hindi nila na account for yan gulong and change oil