I feel that many of the uber/lyft drivers are in this position. They squeeze some money out of the asset that they have, but in the long run I don't see how they come out ahead.
That being said, it would make sense to drive for Uber in some small subset of the population: if you enjoy driving and would otherwise just be out joyriding, might as well get paid. Or if you are a student with varying classwork loads or bored people who would rather be doing something than watching TV.