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What Are the Pros and Cons of Uber Xchange Leasing?

Uber’s Xchange leasing program looks like a great option for drivers who don’t have an eligible rideshare vehicle or can’t get one, but what’s the catch? Today, RSG contributor Curtis Preston takes a look at Uber Xchange and explains who Uber Xchange leasing is good for – and reasons why you might not want to get an Xchange lease.

Need a car to drive for Uber, Lyft or a delivery service? Take a look at our vehicle marketplace for options!

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I think most Uber drivers are better off owning their own car if they’re going to be a rideshare driver.  But there are a few reasons why an Uber driver (or potential Uber driver) might want to do an Xchange lease.

For some drivers with low or no credit, it may be the only way they can finance a vehicle.  For others without a job, they may not have the money to buy a used car.  Read on to see where you fit.

Is Uber Xchange the right leasing option for you? We break down the pros and cons of Xchange leasing here -

Make Every Mile Count

Did you know that every 1,000 business miles can generate $535 in tax deductions? Never miss another mile with the new QuickBooks Self-Employed automatic mileage tracker.

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HyreCar Review: Is HyreCar Legit?

Harry here.  One of the biggest requirements holding a lot of new and prospective rideshare drives back is an eligible rideshare vehicle.  Today, senior RSG contributor Christian Perea takes a look at a popular new rental service called Hyrecar.

These days there are lots of different options for drivers in need of a rideshare eligible vehicle.  But figuring out which one makes the most sense for your personal situation can be a daunting task.  In the past, we’ve reviewed Uber’s Xchange leasing program and Lyft’s Express Drive Program, but today we’re going to talk about one of the most popular private companies renting vehicles to rideshare drivers called HyreCar.

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We’ve received a lot of questions from drivers about HyreCar so we did some research, talked to the company and spoke with drivers who have used the service to put together this HyreCar review. So here’s what we found: [Read more…]

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Top 10 Rideshare Vehicles to Insure

Harry here.  As more drivers sign up for rideshare insurance, it’s important to look at how the costs for insurance vary by vehicle.  Today, RSG contributor Scott Van Maldegiam takes a look at the top 10 rideshare vehicles to insure.

I have been thinking a lot lately on how to keep my costs down in general.  Along those same lines, I look to keep the costs down of any business I participate in.  With rideshare, insurance is a large cost.  While the cost of the vehicle and the cost of the gas outweigh the insurance costs, it is interesting to look at which vehicles cost the least to insure and why.

Insurance can be a huge cost for rideshare drivers, so we take a look at the top 10 cheapest cars to insure. Do you drive one of these cars?

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All The Rideshare Vehicle Rental Options Compared

Harry here.  One of the biggest barriers to entry for a lot of new Uber and Lyft drivers is an eligible vehicle.  We’ve covered the Uber Xchange Leasing Program in depth already but today, senior RSG contributor Christian Perea takes a look at all of the rideshare vehicle rental options that are currently available to drivers.

Since the launch of the Uber Xchange leasing program in 2015, we’ve seen a rush of new competitors filling the space with different vehicle options for drivers.  These programs have been insanely popular with drivers (despite the high cost) since they don’t require great credit and are extremely flexible.  But now, Uber and Lyft are pushing an even more flexible option with rideshare rental programs.

Rental programs allow you to avoid the hassle of car research, going to a dealership and haggling over prices since all the terms are pretty much set in stone.  Uber has already launched a partnership with both Enterprise and Hertz while Lyft also has a partnership with Hertz, but is investing heavily in their Express Drive program with General Motors. There are even some third party options like Evercar and HyreCar that are looking to compete with the big boys.

Today we’re going to review some of the rideshare rental options that drivers have, but for a full list of options, head over to our new Vehicle Marketplace page.

Thinking of driving for Uber and Lyft but don't own a car? Here are some rental options you may want to consider, with pros and cons of renting vs buying.

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Uber Vehicle Marketplace

There aren’t a lot of requirements to become an Uber driver, but one thing that holds a lot of people back is an eligible vehicle.  In most cities, Uber requires a 2001 or newer 4 door sedan in order to drive on UberX while Lyft requires a 2004 or newer vehicle.

But for those without an eligible vehicle or even a vehicle at all, there are a whole host of options available: everything from buying and leasing programs to daily and hourly rentals. As Uber has exploded in popularity, so have these vehicle start-ups, and many of them are specifically tailored to a rideshare driver’s needs.

Want to drive for Uber but don't have an eligible vehicle? The Uber Vehicle Marketplace will help you find the right vehicle to get you on the road fast.

Here are some of the most popular options for drivers: [Read more…]