Careem is in the spotlight for a long time now and people are using this opportunity to earn money for themselves and their family. Careem is a Chauffeur-driven vehicle booking service that offers a wide range of vehicles from small cars to newly launched cars. Ever since Careem came in the market, it has grow rapidly .
How to invest in Careem?
First of all, in order to join Careem it is very important that you own a smartphone, a car and you must have a driver’s license. If you want to invest your car in Careem, your car must qualify with the terms and conditions. Once you care is eligible, then you can attend their driving lessons. You can follow their simple three step method to join.
Documents that are required for joining
- Photograph with white background
- Car insurance
- Two recent utility bills of recent address
- Driving license
- Computerized National Identity Card (CNIC)
- Proof of vehicle registration
- IBAN number
How much can you earn?
On average you can earn about Rs 100,000-Rs 110,000 by taking minimum rides. for taking about 10 rides a day and working 30 days a month, on average you can earn about Rs 105,000. Tax is also deducted from the earnings.
Estimation of earnings
Revenue: Rs 105,000
Tax: Rs 3050
Gross income: 101,950
Now, lets calculate you costs. this includes fuel, maintenance, depreciation and insurance costs. This also includes driver cost if you have one.
Rough estimation of all costs
Fuel: Rs 33,000 (12 km per liter)
Depreciation cost: Rs 6500
Insurance charges: Rs 5000
Driver: Rs 25,000
Total costs: Rs 69,500
Following is the net profit that after taking out all the costs
Net profit= Gross income – Costs
Net profit = 101,950-69,500
Net profit = Rs 27,450
In short, Rs 27,450 is the amount that you will be taking home. if you have further queries, you can calculate using the Careem Built in calculator.
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