Xchange Leasing

by Harry Campbell on October 9, 2017 3 Comments

Uber Xchange Leasing and Enterprise Programs Are Going Away

You may have read on this site or received an email from Uber about the XChange Leasing program ending, but did you know Uber is shuttering its Enterprise Rent-a-Car Rental program as well? Many drivers rely on these programs to get them into cars and out on the road, driving and earning money with Uber. If you’re one of the many drivers who relies on one of these leasing or rental options to drive for Uber, you’re probably wondering about what’s going to happen to your lease or looking for your next option for getting a car.

Today, we’re going to cover what’s happening to these programs, what could be next for other rental/leasing programs, and what options are out there for drivers who need a vehicle to drive for Uber.

Looking for a vehicle to drive with Uber and/or Lyft? Check out our comprehensive Vehicle Marketplace here.

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by Will Preston on August 7, 2017 34 Comments

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!

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.

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by Christian Perea on August 22, 2016 55 Comments

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.

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by Harry Campbell on August 1, 2016 104 Comments

Uber Vehicle Marketplace

There aren’t a lot of requirements to become an Uber or Lyft driver, but one thing that holds a lot of people back is an eligible vehicle. In most cities, Uber requires a 2002 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 and Lyft have exploded in popularity, so have these vehicle start-ups, and many of them are specifically tailored to a rideshare driver’s needs.

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

by Harry Campbell on June 24, 2016 114 Comments

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.

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