CAR Rental / LEASING OPTIONS
No wheels? No problem.
There are a number of different options available for those of you that don't have vehicles. Before you go out and purchase or lease a vehicle for the purpose of ride-share driving, it is often a good idea to get your feet wet first. Consider a weekly rental to test your market first. If after 30 days of trial and error you feel that the income you can make is well worth the financial obligation involved with a long-term lease or the financing of a vehicle, then go ahead and weigh your options.
Purchasing an inexpensive dependable vehicle ( 4-door 2006 or newer is required by both Uber and Lyft) and keeping your payments under $300 is a good plan and very doable, especially for full-time drivers.
Supply and demand are always factors to consider for your specific region, though. The number of drivers in a given geographic region and the predominance of commuters without vehicles (like in a metropolitan city. ie: Los Angeles, San Francisco, Atlanta, etc.) are both going to effect your income potential. Living near an airport is a plus.
If credit is a problem for you and financing a purchase is out of the question, then using weekly rentals until you can boost your credit score is a good way to go. Here are a few of the most widely used rental options ranging from $200/week on up.
Weekly Rentals Promotions Through Uber Partners:
Hertz, Getaround, and Fair
Express Drive: All Inclusive Rentals With Unlimited Mileage Through Lyft
Ride-Share Rental Services
HyreCar is a peer-to-peer rental service for rideshare drivers. You can choose from a wide variety of makes and models. These are cars owned by people like you and me, and they are willing to let you use their vehicles to drive for Uber or Lyft. Rental costs average between $20 to $50 per day and include insurance for $10 per day. There may be a minimum rental of 1 week for some of these vehicles, but it's also a nice way to sample the type of vehicle that you may be interested in purchasing. HyreCar does require a $200 refundable deposit.
Maven Gig is a ride-share rental serivce that allows Uber and Lyft drivers to rent Chevrolet vehicles by the week. Prices are about $200/week for a compact sedan, not including taxes and fees. Currently this service is available in Boston, Los Angeles, Phoenix, San Diego, San Francisco and Washington, D.C.
Remember to get your new driver application started with our referral link to become eligible for your sign-up bonus.