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Drawbacks // Risks:
Is the money really worth it? That's the main question. With Uber I think (so far from a very limited time doing it) that I might be in the black. Uber doesn't seem to pay as much down here as it did in Canada, but to be fair the US dollar is stronger. However, in my first 3 days of part-time driving I was able to recoup the monthly insurance premium. But honestly it's too early to tell.
Will passengers or all the miles destroy the value of the car? I feel like I got a sweet deal on it, but I have to acknowledge that knowing me I will almost certainly spend some money to make it better. For example, I'll likely get LED brake lights and turn signals, I'll get two more LRR tires, and I want to change the CVT fluid and filters sooner than later. So the total price isn't going to be $6853, it's going to be higher. I am keeping receipts so I can write off stuff on my taxes. For example I had to get a suction cup windshield mount for my phone, so I've got that receipt. I'll also keep them for gas and for the expenses mentioned above. In any case, add everything up, I'll want to exceed that plus what I paid for the car before the car bites the dust. I am optimistic, I think I can do it and then make a profit afterwards.
You will probably do better just claiming mileage on your taxes. IRS allows 53.5 cents per mile. I would do some calcs and estimates if I were you. Keep receipts and compare, I usually come out better with mileage.
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