Grab/Ryde issues and charges

[13177]

Uber cant earn anything from rental? Then what are they earning from then?

[Fcw75]

In the end, a lot of COEs wasted by LCR.

[Zxcvb]

Hopefully Über and Grab has come to reach it's plateau to stop buying new cars for rental, will then COE be brought down to decent level.

[Vratenza]

Uber has all the reason to keep the COE premiums boiling. Why?

 

My theory:

- by keeping the COE premiums high, private car ownership in Singapore remain out of reach for the masses especially those on borderline affordability band.

- In this way, it is promoting it's own attractiveness to this group (not small) of marginalised Singaporeans who will grab at any opportunity to "own" a car and earn some cash at the same time.

- so buy grabbing COEs in that large swathe each bidding exercise, it is not simply to bolster it's rental fleet. Rather it is to help bolster it's potential driver pool

 

 

 

[Jman888]

Uber has all the reason to keep the COE premiums boiling. Why?

 

My theory:

- by keeping the COE premiums high, private car ownership in Singapore remain out of reach for the masses especially those on borderline affordability band.

- In this way, it is promoting it's own attractiveness to this group (not small) of marginalised Singaporeans who will grab at any opportunity to "own" a car and earn some cash at the same time.

- so buy grabbing COEs in that large swathe each bidding exercise, it is not simply to bolster it's rental fleet. Rather it is to help bolster it's potential driver pool

 

 

 

wah can they afford to keep buying new car every year or every 6 months?    

[Fcw75]

wah can they afford to keep buying new car every year or every 6 months?    

 

Investor money. Lose money never mind.

 

Similar to some agency here too. Take our money and invest, lose also never mind.

 

Not their money anyway.

[Pocy]

Hopefully Ãber and Grab has come to reach it's plateau to stop buying new cars for rental, will then COE be brought down to decent level.

I think Uber will buy at current level. When they stop, probably COE has risen to much higher level and not viable for their bottom line.

[Nutty]

50K seems to be the comfortable level for U/G to go in...

[Kopites]

You put your baby seat in front? Did you remember to disable the air bags?

I know totally wrong and dangerous to out baby seat in front. I can't find button to disable the air bag. Vezel.

[Kusje]

I know totally wrong and dangerous to out baby seat in front. I can't find button to disable the air bag. Vezel.

 

Read the manual lor.

 

For vezel, i reckon you can try borrowing the manual from other honda or hrv owners.

 

Either that or learn jap 

[Piyopico]

Well this year is supposed to be the start of the end of tsunami coe wave.

 

Uber or Grab just need to stockpile as many cars as they can cos it is really the best years to do so.

 

Come 2019 onwards the prices of coe will start to creep up again as we go into the lean quota years but by then they would have gotten enough cars with COEs at an average of 50k. It's just uber/grab replacing taxi companies.

 

They got lots of cash, high burn rate in the first few years no problem. If you have shares linked to taxi companies, you know what to do.

 

 

Edited January 18, 2017 by Piyopico

[Benarsenal]

Uber cant earn anything from rental? Then what are they earning from then?

 

They not earning. They making losses.

[Nzy]

wah can they afford to keep buying new car every year or every 6 months?    

 

Maybe one day, they will own so many cars that almost every B&B car on the road will be an Uber/Grab car. Only those really rich people will buy their own car. If they can convince their investors that this will work. Lol.

[tanyingjie]

Maybe one day in future only tourist that without smartphone connection will use normal taxi.

Or only airport can see any Hyundai taxi :)

[Jman888]

Maybe one day in future only tourist that without smartphone connection will use normal taxi.

Or only airport can see any Hyundai taxi :)

now already more tourist is using uber in town from the time they arrive at airport.

[Evillusion]

They have mixed success in some markets, but are increasingly finding acceptance in many places despite some regulatory restrictions.

 

Basically their business model is:

 

Grow rapidly, both users and drivers.

Use that to convince investors to invest and raise funds ("see how big our market share, how big our reach")

Use that money to grow some more

Repeat

 

Their gamble now is to hope that the bubble doesn't burst before they reach their intended aim, which is to have a fleet of autonomous cars to provide their services. Once they got that, they can dispense with the drivers (one big expense gone + more profits), and then focus simply on developing cheap autonomous transport solutions and improving service.

 

They're never going to earn anything from rental. Think about it la. One Toyota Prius cost about $130,000 from Borneo. Daily rental for Prius is about $72. That means the car needs to be rented out daily for five years just to cover cost back. Who will rent from LCR for five years non-stop (unless they really like the car and like driving Uber)?

Thats why i am clueless about their business model especially in SG. If they hire people who is already owning a car....they will succeed....but to offer new drivers with new car and buying so many cars at once, doesnt that spells doom for any company!

[tanyingjie]

Thats why i am clueless about their business model especially in SG. If they hire people who is already owning a car....they will succeed....but to offer new drivers with new car and buying so many cars at once, doesnt that spells doom for any company!

It's a good alternative to have a brand new car without paying deposit of more than 30k++

Now every one in SG can fullfil the dream of having brand new car and earn some money. COE price is no longer :)

[Evillusion]

It's a good alternative to have a brand new car without paying deposit of more than 30k++

Now every one in SG can fullfil the dream of having brand new car and earn some money. COE price is no longer :)

dont that make coe a failure as uber has circumvented the coe's original function? And for people to take up uber's offer of a new car must be out of their mind......unless uber allows them to give back the car if they can achieve their daily or monthly target!