financing.lk teamKey takeaways
- Count profit per month, after the app's commission, fuel, servicing and the lease.
- A 1% lower lease rate on Rs. 4.5 million saves about Rs. 2,300 a month over 5 years.
- Know your break-even: the trips per day you need before you earn a rupee.
1. Work out what a day really earns you
Your fare total is not your income. The app takes its commission, fuel comes out every day, and the car needs servicing and insurance. Put your own numbers into the calculator on this page. Check the current commission in your driver app, because it changes.
2. Pick a vehicle that suits the job
Fuel is the biggest daily cost. A small hybrid costs more up front but often leaves more at the end of the month if you drive full time. For short trips and part-time driving, a three-wheeler or a small car can pay back faster.
- Full time, long days: a fuel-efficient car usually wins
- Part time or weekends: keep the instalment low
- Check which vehicle categories each app accepts in your city before you buy
3. Get the lowest lease rate you can
Rates for the same car can differ by several percentage points between lenders. The lowest published leasing rate this week is 11.50% at Bank of Ceylon. Compare before you sign, and ask about early settlement charges.
4. Tell the lender and insurer how you will use it
Some lenders and insurers treat ride-hailing as commercial use. Say so up front, so your insurance is valid if something goes wrong.
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