[Singaporee] - Ryde driver says he earns Sg$9k+ a month, has photos to prove it

[UltimaOnline]

https://forums.fuckwarezone.com.sg/...th-and-provided-pictures-to-prove-it.6615162/

 

[LordElrond]

Maybe it’s shared car which runs round the clock?

 

[laksaboy]

"You're invited to rob me, as long as I have a few minutes of Internet fame!"

 

[LordElrond]

10 to 15 pickups a day sounds doable

 

[searcher1]

Photoshop lar ... how can it be possible that the whole industry tank & he is the only survivor

 

[syed putra]

Sept the SOP's were relaxed. The pent up demand for travelling must have surged the income of taxi drivers

 

[rushifa666]

Before deduction of course can

 

[mojito]

10 to 15 pickups a day sounds doable

Full day occupancy unlikely with the pandemic.

 

[maxsanic]

View attachment 124426

https://forums.fuckwarezone.com.sg/...th-and-provided-pictures-to-prove-it.6615162/

Hardly impressive. First off the $9,017.22 is simply revenue, that's not really the driver's earnings. A low end sedan car is now renting for approximately $70 per day, so that works out to be around $2,100 for Sept. If the driver owns a car, then he will incur the usual cost of car ownership which shouldn't be too far away either.

The driver has made 340 pickups for the month, so assuming that each pickup averages 20km and a fuel efficiency of 15km/L, the math would add up to 340 x 20 / 15 = 453L. That's just petrol used when the car is fetching someone, if you add another 25% for idle time when the driver is alone that works out to 566L. Currently the cost of fuel is around $2.50 per liter after discount, so fuel cost for Sept would be 544L x $2.50 = $1,415.

So the net earnings after factoring car and fuel cost is only $9,017 - $2,100 - $1,415 = $5,502. For a pro forma analysis compared to a normal salary worker, if you factor in employer's CPF which they are not entitled, the like for like salary is $5,502 / 1.17 = $4,702. As you can see it's decent enough, about the pay of a non-managerial executive in a white collar job.

We now take a look at working hours. The guy has 340 pickups. Assuming each trip on average takes 0.5 hours, that would mean he has driven his a minimal of 170 hours when he had a passenger in the car. Sticking with the original assumption of 25% time in which he is alone in the car moving in between to pick up jobs, that works out to 170 x 120% = 213 hours for the month. Official working hours of PMEs are usually 44 hour work weeks, i.e. ~185 hours per month before OT.

So we can safely say the best a Ryde driver can make is roughly equivalent to a non-managerial PME with moderate amounts of OT without the usual bonus and medical/leave benefits.

PS: I suspect I am being too conservative in the working hours based on anecdotal PHV drivers I know. One probably needs to hit the roads 12 hours a day every day for Sept in order to get a gross revenue of $9,017, but even with my very conservative calculations, you can see that PHV driver in a best case scenario ain't exactly that great of a job.

 

[gingerlyn]

Why did he prove that he earns 9k a month?
Many people actually quietly hide their income.

 

[cocobobo]

Hardly impressive. First off the $9,017.22 is simply revenue, that's not really the driver's earnings. A low end sedan car is now renting for approximately $70 per day, so that works out to be around $2,100 for Sept. If the driver owns a car, then he will incur the usual cost of car ownership which shouldn't be too far away either.

The driver has made 340 pickups for the month, so assuming that each pickup averages 20km and a fuel efficiency of 15km/L, the math would add up to 340 x 20 / 15 = 453L. That's just petrol used when the car is fetching someone, if you add another 25% for idle time when the driver is alone that works out to 566L. Currently the cost of fuel is around $2.50 per liter after discount, so fuel cost for Sept would be 544L x $2.50 = $1,415.

So the net earnings after factoring car and fuel cost is only $9,017 - $2,100 - $1,415 = $5,502. For a pro forma analysis compared to a normal salary worker, if you factor in employer's CPF which they are not entitled, the like for like salary is $5,502 / 1.17 = $4,702. As you can see it's decent enough, about the pay of a non-managerial executive in a white collar job.

We now take a look at working hours. The guy has 340 pickups. Assuming each trip on average takes 0.5 hours, that would mean he has driven his a minimal of 170 hours when he had a passenger in the car. Sticking with the original assumption of 25% time in which he is alone in the car moving in between to pick up jobs, that works out to 170 x 120% = 213 hours for the month. Official working hours of PMEs are usually 44 hour work weeks, i.e. ~185 hours per month before OT.

So we can safely say the best a Ryde driver can make is roughly equivalent to a non-managerial PME with moderate amounts of OT without the usual bonus and medical/leave benefits.

PS: I suspect I am being too conservative in the working hours based on anecdotal PHV drivers I know. One probably needs to hit the roads 12 hours a day every day for Sept in order to get a gross revenue of $9,017, but even with my very conservative calculations, you can see that PHV driver in a best case scenario ain't exactly that great of a job.

Good boy. Now do the same math with Temasek investments

 

[syed putra]

Why did he prove that he earns 9k a month?
Many people actually quietly hide their income.

Ma6be company using this to get more drivers.

 

[bobby]

Definitely fake...SG car got left hand drive ????

 

[LordElrond]

Definitely fake...SG car got left hand drive ????

View attachment 124464

SG has Ryde?

 

[searcher1]

Highly suspect is Ryde themselves photoshop to attract new drivers loh.

Think about it, who benefit the most from this photo, cannot be car rental company, because they cant control who Driver rent car from. But the photo will show Ryde very good business platform & will lure driver to consider switch over. That makes more logic sense

 

[bobby]

SG has Ryde?

Ryde is one of the most established ride-booking and ride-hailing platforms in Singapore. Our services extend toMalaysia and Hong Kong. We aim to provide affordable taxi and private car booking services to our riders for their transport needs.

You no longer have to squeeze on overcrowded buses and trains! Choose carpooling as a cheaper, eco-friendly alternative while providing the comfort of private hire vehicles.

We have support from a strong pool of private hire drivers, having added Premier Taxis’ fleet recently (in addition to Comfort taxis and Trans-Cab). We are committed to providing easier and nicer ride-hailing services.

RYDE’s list of services:

Ryde Taxi: Book a Comfort, Premier or Trans Cab taxi easily from our fleet of taxi partners and pay a metered fare.

Ryde POOL: Grab a shared ride in a private car and pay for one or more seats.

Ryde X: Book a dedicated private car with up to 4 people.

Ryde PET: Pet-friendly rides with pet-friendly drivers - ride hailing with pets is now simpler than ever.

Ryde HIRE: Book a car on an hourly rate for a duration of your choice and make unlimited stops in one booking.

Ryde XL: 6-seater on demand! Easy booking of rides for larger groups of up to six people.

Ryde EXEC: Grab your uber comfort-able ride in a premium vehicle with ease and at an affordable fare.

Ryde SEND: Need to deliver small parcels with ease and reliability? We deliver within 50 minutes, fastest in Singapore!

 

[LordElrond]

Ryde is one of the most established ride-booking and ride-hailing platforms in Singapore. Our services extend toMalaysia and Hong Kong. We aim to provide affordable taxi and private car booking services to our riders for their transport needs.

You no longer have to squeeze on overcrowded buses and trains! Choose carpooling as a cheaper, eco-friendly alternative while providing the comfort of private hire vehicles.

We have support from a strong pool of private hire drivers, having added Premier Taxis’ fleet recently (in addition to Comfort taxis and Trans-Cab). We are committed to providing easier and nicer ride-hailing services.

RYDE’s list of services:

Ryde Taxi: Book a Comfort, Premier or Trans Cab taxi easily from our fleet of taxi partners and pay a metered fare.

Ryde POOL: Grab a shared ride in a private car and pay for one or more seats.

Ryde X: Book a dedicated private car with up to 4 people.

Ryde PET: Pet-friendly rides with pet-friendly drivers - ride hailing with pets is now simpler than ever.

Ryde HIRE: Book a car on an hourly rate for a duration of your choice and make unlimited stops in one booking.

Ryde XL: 6-seater on demand! Easy booking of rides for larger groups of up to six people.

Ryde EXEC: Grab your uber comfort-able ride in a premium vehicle with ease and at an affordable fare.

Ryde SEND: Need to deliver small parcels with ease and reliability? We deliver within 50 minutes, fastest in Singapore!

Ah thanks… I just switched to public transport this year and I’m at the GRAB level… have not tried RYDE but generally I find the conditions of some cars atrocious, there should be some ways to ensure the cars should not be more than 200k mileage