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Grab Buys Uber’s Southeast Asia Business, Ending Service in Thailand in Two Weeks from Today


snoop1130

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It's nice to pay more reasonable prices for your ride in comparison to the Mafia.

But it comes at the expense of the driver.

Through sleight of hand uber puffs up the income letting the driver think there's big bucks to make.

Whereas grab charges pennies and driver earns pennies.

That's why there's a lack of drivers for grab. once the driver starts counting they run to uber.

Same modus operandi be it Thailand or Philippines or Singapore.

Outcome will be same like when uber sell out to didi.

Fares will start shooting up, riders pay more, but drivers earn constant or lesser while grab sucks everything up. 

Grab is a Malaysia company and like to suck you dry quietly.

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2 hours ago, harrycallahan said:

In Philippines I use Grab and am driven by guilt to tip at least 20% more than meter price. It's ludicrously cheap. 

Chiang Mai : TAXI 400THB / UBER 247THB for the same distance...

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5 hours ago, theguyfromanotherforum said:

Damn, no more pratumnak hill stays for me.

 

Why not? You just call Grab instead of Uber,the times i have compared/used them from Pratumnak,where i live Grab has been cheaper.

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1 hour ago, impulse said:

 

I'm sure the economics are different in Thailand (and you can argue about the incremental cost of putting miles on a vehicle you already own, etc), but this video explains that driving for Uber is a way to generate some immediate cash, but eventually that goes away to pay for the car- upkeep, depreciation, etc.  It's a lot like payday loans.  The ideal candidate is someone who doesn't really understand money and needs cash today at the expense of the long haul.

 

 

 

Sponsored by Lyft. :biggrin:

 

Doesn't get the tax angle right among other things. You need to read the comments where she's taken to task by some serious number crunchers. Suggest you not be so easily convinced.

 

- This chick is fool of nonsense and reading a bad script full of inaccurate information.

 

- $57,720-8020(maintenance)-taxes$2,282=$47,418/2080 is $22.79 per hour for the Uber driver.

 

- Thanks for your explanation and I do also see her math and assumptions doesn't add up, like "it cost the drivers to drive for Uber" I drive here in Toronto and the average hour is $27, I have a BMW so I manage go make $33-35 an hour After I take out all taxes, depreciation and everything you have to, I still keep $22/hr clean about $45,000 plus per year net Not bad just for driving around

 

 

 

 

 

Edited by JSixpack
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7 minutes ago, JSixpack said:

 

Sponsored by Lyft. :biggrin:

 

Doesn't get the tax angle right among other things. You need to read the comments where she's taken to task by some serious number crunchers. Suggest you not be so easily convinced.

 

- This chick is fool of nonsense and reading a bad script full of inaccurate information.

 

- $57,720-8020(maintenance)-taxes$2,282=$47,418/2080 is $22.79 per hour for the Uber driver.

 

- Thanks for your explanation and I do also see her math and assumptions doesn't add up, like "it cost the drivers to drive for Uber" I drive here in Toronto and the average hour is $27, I have a BMW so I manage go make $33-35 an hour After I take out all taxes, depreciation and everything you have to, I still keep $22/hr clean about $45,000 plus per year net Not bad just for driving around

 

 

 

 

 

Free fuel hey. 

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2 hours ago, Sure said:

Have enjoyed Uber in Bangkok the last few years. Won't be migrating to Grab

Use them both. Prefer GRAB mostly, but Uber was a good backup and sometimes actually cheaper. Give GRAB a try. Think you will be pleasantly surprised. There is GRAB Car too, so you can have a more Uber-like experience, if adverse to riding in taxis. :thumbsup:

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4 hours ago, impulse said:

 

I'm sure the economics are different in Thailand (and you can argue about the incremental cost of putting miles on a vehicle you already own, etc), but this video explains that driving for Uber is a way to generate some immediate cash, but eventually that goes away to pay for the car- upkeep, depreciation, etc.  It's a lot like payday loans.  The ideal candidate is someone who doesn't really understand money and needs cash today at the expense of the long haul.

 

 

I doubt any taxi or Uber driver pay any tax in Thailand. Using CNG as fuel their cost, including depreciation, insurance, maintenance!!, etc is probably 3-5 baht/km.

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7 minutes ago, Justfine said:

35,000 less

22,500 fuel

5,000 car finance

2,000 maintenance

5,000 commercial insurance

 

Net 500 baht

While your concern for Thai taxi/GRAB/Uber wages is curious to say the least...(are you one of them:biggrin:?)  Am certain that no regular driver earns only B500/month. Surely a highly exaggerated exaggeration, but FAR from realistic. Had you used B5000 net...that would still have been an unrealistic exaggeration. 

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53 minutes ago, Skeptic7 said:

While your concern for Thai taxi/GRAB/Uber wages is curious to say the least...(are you one of them:biggrin:?)  Am certain that no regular driver earns only B500/month. Surely a highly exaggerated exaggeration, but FAR from realistic. Had you used B5000 net...that would still have been an unrealistic exaggeration. 

The number is low whatever it is. It's expensive running vehicles.

 

It's a mlm scam more or less.

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57 minutes ago, ExpatOilWorker said:

I doubt any taxi or Uber driver pay any tax in Thailand. Using CNG as fuel their cost, including depreciation, insurance, maintenance!!, etc is probably 3-5 baht/km.

Fuel is very expensive compared to fare prices. Out of an 80 baht fare there wouldn't be much left after fuel, maintenance, insurance etc.

 

Even large bus companies in the west who charge high prices and use economies of scale go broke.

 

 

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30 minutes ago, Justfine said:

The number is low whatever it is. It's expensive running vehicles.

 

It's a mlm scam more or less.

As mentioned previously...most of the Thai workforce are grossly underpaid compared to their Western world counterparts doing the same jobs at the same establishments. 

 

Prices are the same here at big name hotels & restaurants, fast food joints and convenience stores and supermarkets...while the employees here are paid piss poor wages. Construction workers too. 

 

It's certainly not at all unique or restricted to only drivers. 

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6 minutes ago, Skeptic7 said:

As mentioned previously...most of the Thai workforce are grossly underpaid compared to their Western world counterparts doing the same jobs at the same establishments. 

 

Prices are the same here at big name hotels & restaurants, fast food joints and convenience stores and supermarkets...while the employees here are paid piss poor wages. Construction workers too. 

 

It's certainly not at all unique or restricted to only drivers. 

Easier working in 7/11 than driving through Bangkok traffic.

 

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6 minutes ago, Justfine said:

Easier working in 7/11 than driving through Bangkok traffic.

 

Agreed...

 

That said,  the drivers are free to apply at 7-11 or Micky D's anytime they choose. Not being forced to navigate BKK traffic for a living. Can work in air-con all day and still make shit for wages. 

 

Seems something is keeping so many of them behind the wheel...

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11 minutes ago, Skeptic7 said:

Agreed...

 

That said,  the drivers are free to apply at 7-11 or Micky D's anytime they choose. Not being forced to navigate BKK traffic for a living. Can work in air-con all day and still make shit for wages. 

 

Seems something is keeping so many of them behind the wheel...

You could say the same about tuk tuk drivers.

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