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.
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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.