Uber and Lyft Ridesharing – Choice of a Perfect Sedan

If you own a car and love to drive, then one of the most lucrative business prospects today is being a self-employed ride-share driver. The two ride-sharing giants, Uber and Lyft have been the bitterest of competitors when it comes to providing top notch facilities, customer experience and ease of use.

Make My Day CPA has been assisting Fedex and medical transportation companies and now, Uber and Lyft drivers become more cost- and tax-efficient businesses. Thus, Make My Day CPA did its own investigation into economy of employing the right type of car for taxi cab by examining the cost of purchase, depreciation, warranties, fuel economy, repairs, reliability and safety ratings that affect insurance premiums. At the end of the day, the vehicle maintenance and the gas are the highest expenses that shape out the feasibility of this business.

Another key concern amongst most Uber and Lyft drivers is the type of car that could be a hit with the customers. The idea is to strike a perfect balance between offering ride comfort without running into losses. The question is how many seats would you be needing? What type of amenities you plan to offer? What level of comfort would you desire?

Ford Fusion is one good choice when it comes to rear legroom, stylish control layouts, solid power, impressive infotainment system and enhanced security features such as adaptive cruise control, blind-spot monitors, lane-departure warning, front knee airbags and active headrests. The Ford Fusion S is priced at approximately $23,000 while the SE’s variant comes at $25,000. The warranty features are in line with most brands in similar segment – 36,000 Basic Miles/km, 60,000 Drivetrain Miles/km and Roadside Assistance Miles/km of 60,000.

If a car drives 100,000 miles a year at 22 mpg at $2.5/gallon, the total gas cost for the year is $11,363. Ford Fusion Hybrid takes 44 mpg in the city that would make a driver save $5,600 a year in gas expenses!!! So, the $3K an extra cost for the vehicle is paid off in about 6 moths. If a driver only drives 50K miles a year, the extra cost would pay off in 12 months.

With a NHTSA Crash-Test Ratings of 5 and host of safety features, the insurance premiums are considerably low.


Nissan Altima saw some major developments as far as riding pleasure is concerned. While, the new seats are remarkably more comfortable, the generous headroom is perfect for tall drivers. Like every other Nissan Car, the cabin noise insulation is almost perfect is filtering out all road noises.

Packed with safety features such as Side Head Air Bag, Side Air Bag, 4-Wheel Disc Brakes, Electronic Stability Control, etc. and a NHTSA Crash-Test Ratings of 5, the monthly premiums for Insurance could be moderately low.


Another obvious choice among rideshare drivers is the 2015 Honda Accord Hybrid. The comfort and design features are at par with other refreshed versions such as Nissan Altima, Ford Fusion, etc. though we see significant improvements in departments of noteworthy cargo space, quick acceleration, efficient powertrains, well-weighted and accurate steering control features with blind spot camera and superb fuel economy at 50/45 mpg (CTY/HWY). The car can cover a whooping distance of 13 miles on electricity alone and puts out an impressive 47 mpg in combined driving mode.

An overall highest rating from Insurance Institute for Highway Safety and National Highway Traffic Safety Administration brings down your monthly insurance premium rates.


The 2015 Subaru Legacy could be another popular choice for drivers looking for even more cabin space as compared to Accord, Altima, and Fusion. 119.6 cubic feet of passenger and trunk space, spacious front seat arrangement and impressive rear legroom, this car is perfect for passengers opting for moderately long-drives. The downside however, is the limited Roadside assistance of 36 months as compared to most peers offering 60 months.

5 – Star rating from IIHS and NHTSA along with safety enhancements, ensures that your monthly insurance premiums are on the downside too.

We also present to you a brief brand comparative analysis highlighting some key economic considerations.

Honda Accord Ford Fusion Toyota Camry Nissan Altima Hyundai Sonata
Gas Mileage (CTY/HWY) 24/34 mpg
50/45 mpg
22/34 mpg
44/41 mpg
25/35 mpg
43/39 mpg
27/38 mpg 25/36 mpg
36/40 mpg
MSRP – basic LX – $22,150
Sport – $24,165
Hybrid – $27,600
S – $22,110
SE – $23,680
Hybrid – $25,190
LE – $23,000
Hybrid – $25,800
2.5 – $22,300
2.5 S – $22,560
2.5 SV – $24,720
SE – $21,750
Sport – $23,400
Hybrid – $25,800
Warranty (Basic Miles/km) 36,000
Basic Years – 3
36,000
Basic Years – 3
36,000
Basic Years – 3
36,000
Basic Years – 3
60,000
Basic Years – 5
Warranty (Drivetrain Miles/km) 60,000
Drivetrain Years – 5
60,000
Drivetrain Years – 5
60,000
Drivetrain Years – 5
60,000
Drivetrain Years – 5
100,000
Drivetrain Years – 10
Warranty (Roadside Assistance Miles/km) 60,000
Roadside Assistance Years – 5
60,000
Roadside Assistance Years – 5
60,000
Roadside Assistance Years – 5
60,000
Roadside Assistance Years – 5
Unlimited
Distance Roadside Assistance Years – 5
NHTSA / IIHS Ratings Top+ Top Top+ Top Top+
Autorepair Rating by CarMD #1 #5 #3 #8 #2
Monthly Insurance Premium Rates Low Low Low Low Low
Reliability by J.D. Power 4/5 3.5/5 4.5/5 3.5/5 3/5

Drivers in Greater Washington Area, as compared to all other states are paying the most to repair their vehicles. Thus, the importance of autorepair rating is difficult to overestimate.

The idea is to strike a perfect balance between offering ride comfort without running into losses.

Thank you! :)

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