Bolt Car Owners Salary: How Much The Really Make in South Africa

Money

As a Bolt car owner, I’ve seen the good and not-so-good times with the platform’s financial potential.

So today I would like to share my experience, mostly earnings throughout the year 2023. My goal is simple, to help you understand and evaluate the opportunity, to make sound financial decisions that’ll benefit you.

I’m going to jump straight to my Bolt car owner’s income report for 2023, broken down month by month, and then later detail the requirements and other things to consider before joining.

2023 Owner Income Report

Let me explain something important first, unfortunately, Bolt does pay car owners directly, but drivers. So you’ll need to gain access to your driver’s app to get the numbers and arrange payments with them.

Date PeriodGross FareBolt FeeBooking FeeTake Home Income
January 2023R7,680.27R1,809.33R317.73R5,553.21
February 2023R1,4754.33R3,460.85R602.67R10,690.81
March 2023R1,5721.10R3,686.93R630.90R11,403.27
April 2023R10,869.30R2,527.94R432.70R7,908.66
May 2023R18,424.12R4,302.27R732.88R13,388.97
June 2023R15,196.83R3,551.27R600.17R11,045.39
July 2023R10,111.85R2,272.47R402.15R7,437.23
August 2023R9,136.30R2,058.22R361.70R6,716.38
September 2023R12,886.02R3,026.99R501.98R9,357.05
October 2023R10,716.33R2,521.63R417.67R7,777.03
November 2023R10,686.19R2,432.86R424.81R7,828.52
December 2023R15,285.70R3,466.45R608.30R11,210.95

So the total take-home income for both the Bolt car owner and driver to share is R110,317.47 annually. Obviously, the amount is shared weekly, since Bolt disburses payments every week, so many might not see the income summed up like in this indicated total.

Depending on the payment arrangements between the car owner and driver, it could be percentage-based after all deductions or a fixed fee every week to the owner.

Please note the above numbers exclude additional deductions for cancellation and bonuses + customer tips.

Most car owners consider this business a side hustle, to grow their income portfolio for generating real wealth.

What’s Required to Register Your Car With Bolt

Before deciding to join a ride-sharing platform like Bolt as owner, there are several steps to take:

Vehicle Quality

Bolt requires your car to be in good vehicle standards, including the car’s age, condition, and sometimes even the type of car. Ensure your vehicle meets these standards or consider if you need to acquire a different vehicle.

Vehicle Inspection

Bolt has partnered with Dekra, a leading vehicle inspection company in South Africa for your convenience.

Take your car to your closest Dekra branch for the inspection and photos of the car to be submitted to Bolt for your car registration.

The inspection will cost you R265 for the Bolt Shuttle Vehicle Inspection.

Vehicle Documents

You’ll to bring along the following documents for your car inspection and submissions:

  • Certificate of registration – these are the car owners’ papers. You can request a copy from the bank if you are financing the car.
  • Double Disk – this is the Operating Card and Roadworthy Disc
  • The car owner’s ID

Why Partner with Bolt – Things to Consider

Financial Considerations: Evaluate the potential earnings versus expenses with the numbers mentioned above. Consider costs such as fuel, maintenance, insurance, and other related costs such as traffic fines. Also, think about the irregularity of income, as earnings can fluctuate based on demand, time of day, and location.

Work Flexibility: One of the advantages of platforms like Bolt is the flexibility to choose when you work. Consider how this fits with your personal schedule and if the peak demand times align with your availability.

Platform Fees and Payment Structure: Completely understand how Bolt charges its fees and how you will be paid. They take a commission on rides plus a booking fee, as indicated above as part of the deduction before your take-home Bolt earnings.

Safety Concerns: Consider the safety aspects, including dealing with a wide range of passengers and driving in various areas at different times of the day.

Ratings and Customer Service: Your success on Bolt will depend heavily on customer ratings and driver activities. Good customer service skills and maintaining a clean, comfortable vehicle can impact your ratings and, consequently, your earnings.

Platform-Specific Policies and Support: Each platform has its own set of policies and support systems. Familiarize yourself with their dispute resolution processes, support for drivers, and any additional benefits or resources they offer.

Local Market Conditions: Research the demand for rideshare services in your area. Some locations have higher demand and thus more potential for earnings.

Competitor Comparison: I’m certain you’ve seen the amount of cars already working on Bolt, especially in Gauteng. So you’ll need to analyze the market and find an area that makes you more money, with less competition.