How much money does a driving instructor make?
Here’s an example of our instructors typical earnings for doing a minimal 4.4 hours a day, Mon- Fri, under our current pricing system (based on a Go2 Driving School franchise before tax).
22 hours tuition at £30 p/h equates to: £660 weekly, £2,640 monthly and £31,680 yearly. After the expenses shown below, this equates to £1,739 monthly and an annual figure of £20,868. This is very rewarding for working 4.4 hours per day for 5 days a week at your chosen day and time.
The examples here are not minus self-employment tax which would be 20% off of the annual figures above. NOTE: You do not pay any tax on earnings up to £12,500.
This 22 hour working week example has been worked out at our lowest rate as a worst case scenario that shows what you really can achieve in terms of a work/lifestyle balance. Roughly two thirds of our learners usually pay as they go at the higher rate of £32 p/h as they haven’t got big chunks of money readily available.
What are the main business costs for a driving instructor?
- vehicle insurance per month: £50
- Fuel per month: £200
- Contract hire on tuition vehicle per month: £295
- Franchise: £356 per month
Total: £901 p/m / £10,812 yearly. Bare in mind the above business costs are approximates except from our franchise fee which is £89 p/w.
Will I get enough work as a driving instructor?
There’s a growing demand for driving instructors nationally and has never been a better time to make this career change. In Derby there seems to be more learners than what the current number of instructors can handle. We experience this on a daily basis dealing with our enquiries and is very apparent here in Derby.