When Uber announced their new Xchange Leasing Program last week, I didn’t think much of it. On the surface it looked ok, but after their fiasco of a leasing program with Santander, I just couldn’t imagine it would be all that great. But after taking a closer look, we thought, hey this isn’t half bad! Today, RSG contributor, Christian Perea provides us with the most thorough review to date of the program, what it means for drivers and how you can get started.
If you’re a new driver and you haven’t signed up for Uber yet, this could be a great way to test it out. New Uber drivers can get up to a $500 sign-up bonus depending on your city.
If you’re looking for a comprehensive list of all the leasing/rental options available for rideshare drivers, please check out our new Uber and Lyft Vehicle Marketplace page.
You may have heard last week that Uber launched a new leasing program called Uber Xchange. This program has created a lot of buzz since it launched as a pilot in Los Angeles, San Francisco, San Diego. (Also, select cities in Maryland and Georgia)
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Now I should make it clear that I am always skeptical of any “Vehicle Solutions” that come from Uber. This stems from the previous and infamous Santander S.A. partnership that put a lot of drivers into subprime auto-loans that tied the driver to UberX. Uber then dropped prices repeatedly. For many, the Uber Vehicle Solution’s program became an exotic pet that quickly turned on its owner. That being said.. [Read more…]