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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 -

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What Happens After You Get Approved For Xchange Leasing?

Harry here.  Over the past year, tens of thousands of people have visited this site to get more information on the Uber Xchange Leasing Program, and today we wanted to shed some light on what happens after you get approved for a lease.

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.

Douglas Chin is an Uber Xchange Leasing specialist at Hertz Car Sales in Norwalk, CA, and today he’s going to share a guest post to help walk you through the process.  Doug and I do not have a financial relationship but he is a frequent commenter on the blog and I’ve appreciated all the questions he’s answered for RSG readers about the Xchange Leasing process over the past few months!  

Over the past two months, I’ve received numerous calls from various Uber partners wanting to know what to do after they get their approval from Xchange Leasing. Most simply just get an email approval that states they’re approved and a list of dealerships.  Some scour their email to gather more information, but I’ve been told that there isn’t much than that. I’m hoping this can help summarize the steps that need to be taken after the approval.

Heard about Xchange Leasing and want to know how it works? We shed some light on what happens after you get approved for a lease.

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How To Get The Best Deal With The Xchange Leasing Program on Uber

Harry here.  We’ve gotten a lot of questions about the Xchange Leasing Program, so today, RSG contributor Christian Perea re-visits this program now that it’s been live for a few months to see what drivers are saying about it and what their experiences have been like leasing a car.  

The new leasing program available for Uber rideshare partners actually is a pretty beneficial one for drivers, but getting the best deal from a dealership has been a challenge.  So we gathered feedback from drivers who went through the process to help you learn more about the pain-points and how to avoid them.

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.

How to Get the Best Deal on the Uber Xchange Leasing Program

How to Get the Best Deal on the Uber Xchange Leasing Program

A few months ago, Uber launched its Xchange Leasing Program and we wrote an article reviewing how it stood to change the leasing market for rideshare drivers.  Previous leasing options were costing drivers up to two or three times as much per week and limiting their mileage with steep overage fees.

On the surface, the Xchange program seemed to address a lot of those concerns, offering flexible terms, free maintenance and even unlimited mileage.  Now that a few months have passed, we wanted to re-visit this topic and see what kinds of deals drivers are getting and offer advice for actually leasing the car from a dealership. [Read more…]

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Uber Xchange Leasing Program: A Game Changer

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)

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…]