For instance, Lyft is just now beginning its foray into international service, beginning with Toronto, Ontario. With this said, there are also a few big differences. Both companies offer options to drivers for buying or renting vehicles, if you want to become a driver but don’t already have a car.Both have periods of time where drivers will earn multiples of their usual fare, based on rider demand (called surge pricing or prime time).Uber and Lyft both allow riders to add a tip at the end of their ride.Both calculate prices using a base rate, miles traveled, time of day, and the type of vehicle requested.Both services allow drivers to log into the app whenever they are ready and available to drive, picking up riders of their choice.But what about from a driver’s perspective? What are the similarities? These make both Uber and Lyft enticing for riders, allowing them many options for their next trip. Both companies are now offering food delivery services in certain markets.Both offer estimated pricing before scheduling.Lyft and Uber both offer various vehicle options, depending on your party’s size, whether you want a black car experience, or are seeking the cheapest option (like the ability to pool with other riders going in the same direction).Both services are app-based, allowing users to request a ride, pay drivers, and schedule trips from their phones.This can make it hard to decide which company a new driver should choose to work for (though, many choose to drive with both!). These two ride-sharing companies are similar in many ways. Let’s take a look at what to expect when working for either company, and which pays drivers more money. While Uber and Lyft have similarities, differences between the two companies abound. But which of these companies is better for drivers, and how does the pay compare? The gig economy has created unique ways to earn a living. This content has not been provided by, reviewed, approved or endorsed by any advertiser, unless otherwise noted below. We may, however, receive compensation from the issuers of some products mentioned in this article. You can trust the integrity of our balanced, independent financial advice.
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