Your Uber Car Lease & Uber Rental Guide
Don’t own a vehicle? Don’t worry, you can still become an Uber driver. To satisfy the demands of a growing market, the rideshare industry is evolving and you now have various Uber car rental and leasing options. If you’re interested in an Uber Lease or want to rent a car to to drive Uber, this guide outlines everything you need to know.
What You Need to Know About Uber Car Rentals
Uber applicants need to satisfy the company’s driver and vehicle requirements to join the fleet. Historically, one of the top obstacles for many rideshare hopefuls is the vehicle restrictions. If you didn’t have a car or SUV, you were automatically missing an important qualification. The standards also prevented many owners from using their personal vehicle. Such issues are why Uber began offering rental options.
Uber’s car rental programs are available for both short- and long-term needs. Some options allow drivers to pay per hour while others follow a weekly payment schedule. They’re also fairly affordable and lack the out-of-pocket costs of buying a new car.
Your Uber Car Lease & Rental Options
There are three rental and lease options available from Uber partners. There are also a few alternative selections used in the industry. Here’s a breakdown of each.
Uber had their own leasing option known as Uber Xchange. In January 2018, Fair.com purchased Uber’s lease program and relaunched it. Now, the two companies have partnered to create Uber Fair, which fills a void in the market.
Most Uber rental car options are designed for hourly or weekly renting periods. Uber Fair offers a slightly longer-term setup. However, there aren’t any long-term contracts, so you’re not stuck in a lease program. Plus, the company doesn’t have strict credit score requirements.
To start, drivers have to pay a one-time startup payment of $500. The weekly charges start at $130, which is significantly lower than other Uber car lease options. While the upfront costs are higher with Fair, it’s the best option if you plan on driving for a few months or more.
The vehicles available through Uber Fair are also in good condition. The company only accepts models from local dealers under six years old and with fewer than 70,000 miles.
Currently, you can rent a car through Fair in Chicago, Dallas, Denver, Houston, Inland Empire (CA), Los Angeles, Nashville, Orange County, Philadelphia, Sacramento, San Diego, San Francisco Bay Area, and Seattle. More cities will be added in the coming months.
Here’s the specifics and requirements for Fair according to Uber’s website.
- As low as $130/week after a $500 Start Payment (non-refundable after 3 days)
- Choose from hybrids, high-MPG cars and more with no long-term contract
- Unlimited miles, routine maintenance, roadside assistance and vehicle warranty included
- Ideal if you plan to drive with Uber for 10 weeks or more
- Must be age 21 or older
- Requires a bank account or credit card
- Requires a credit check
Getaround is a peer-to-peer vehicle sharing service. Instead of traditional rental or lease vehicle options, drivers rent vehicles directly from private owners in the area. It’s also an incredibly low commitment option as there’s no minimum rental requirement. You can literally rent a Getaround vehicle for an hour.
To rent an Uber Getaround vehicle, drivers use the Getaround in-app map to find a nearby option. You then reserve it. At this time, the company charges a 3 percent or $1 booking fee. However, that amount is refunded after your reservation ends. The first 14 consecutive hours of using the service are free. After the first day, you’re only charged $5 per hour.
You don’t have to work for Uber to take advantage of this option. However, there are special rates and vehicle options in place for Uber drivers.
Currently, Uber Getaround is only available in the San Francisco Bay area. However, Getaround operates in about a dozen cities, including Chicago, Boston and Los Angeles. Expect Uber and Getaround to expand the pilot to these, and other cities in the coming months.
Here’s the specifics and requirements for Getaround according to Uber’s website.
- $5/hour, first 14 consecutive hours are free
- Low-commitment option with no minimum time, no contracts, and easy pickup/dropoff
- Ideal for first-time drivers or drivers in need of a car immediately
- Book and pick up in as little as 15 minutes
- Requires a valid debit or credit card
- Requires a valid Facebook account to sign up and log into Getaround
Uber has also partnered with Hertz. This Uber car rental option is the middle ground between Fair and Getaround. The service offers weekly car rentals starting at $214. There’s a seven-day minimum rental period with a maximum time frame of 28 days. For the Uber Hertz program, drivers are required to pay a $200 refundable deposit. You must also be at least 25 years old, which is the highest age criteria of any of the partner options.
Currently, you can rent a car through Hertz to drive for Uber in Atlanta, Boston, Chicago, Denver, Los Angeles, Miami, New Orleans, Orange County, San Antonio, and the San Francisco Bay Area.
Here’s the specifics and requirements for Hertz according to Uber’s website.
- $214/week, $200 one-time deposit (refundable)
- Great if you don’t have a car and you need something low commitment
- Option to renew week-to-week
- Yours to drive on your personal time, day or night, 24/7
- Must be age 25 or older
- Requires a debit² or credit card
- Requires a soft credit check if you use a debit card (this won’t affect your credit score)
Maven Gig & HyreCar
There are a few non Uber partner car rental options available. Maven Gig and HyreCar are the most popular. Maven Gig is a GM rental service that mimics the Hertz arrangement. The company requires a minimum leasing period of seven days. However, their Uber rental cars start at $189 per week.
HyreCar, on the other hand, is a peer-to-peer service similar to Getaround. Unlike Getaround which rents by the hour, HyreCar’s minimum rental time is one day.
You can also use Maven Gig and HyreCar to rent a car for Lyft.
If you drive, or plan to drive for multiple services, Maven Gig or HyreCar may be the way to go.
How to Join the Uber Car Lease Program
Uber’s car lease programs are available to both new and current drivers. However, the sign-up process for is different between the two statuses. Here’s a guide to each variation:
Accessing Uber car rental options is easiest for new drivers. One of the key parts of the Uber application is vehicle information. Typically, applicants input their car or SUV data. If you want to use an Uber rental car, you’ll select the “I need a car” option instead. This step will provide you with the available options and the steps you need to take to secure a rental.
To sign up with Uber and rent a car, click the button below to start your application with a promo code, and be eligible for an Uber earnings guarantee of up to $2000 (bonus amount varies by city).
Current drivers also have the option to switch to an Uber rental car. You’ll need to first change your vehicle setting in the Uber app or on the website. Follow these steps:
1. Access Your Uber Driver Profile
Access your driver profile from the main menu. Select the “Account” tab, and then click “Vehicle Financing and Rentals” option.
2. Choose a Vehicle Partner
Here, you’ll see each of the partnering rental companies. Choose the one that works for you.
3. Rent a Vehicle
After choosing an Uber car rental partner, select “Rent a Vehicle.” Depending on your selection, you’ll be directed to the partner’s website or continue on the page (Hertz). Each option requires you to sign up with the third party. You also need to finalize your vehicle style and payment options before moving forward.
If you’re using Hertz, you’ll follow the steps outlined above. However, the other two rideshare partners have a second signup option.
For Uber Getaround, download the app—available on the iTunes Store and Google Play. You’ll need to create an account, upload your driver’s license, and authorize a background check. Upon approval, select the “Drive With Uber” option from the menu to view Uber rental cars in your area.
Perks of The Uber Rental Programs
If you’re going to drive full-time on a long term basis (over a year), you may be better off buying a vehicle, if possible. However, opting for an Uber car rental isn’t simply a last-resort choice. All drivers can benefit from these programs. Many people who drive their own vehicle for Uber, will drive a rental sometimes in order to keep the mileage down on their personal vehicle.
Some of the advantages of these convenient services include:
No Long-Term Commitment
Buying a car is a long-term commitment, but leasing one will lock you into a contract for just as long. In many cases, drivers are stuck with the same vehicle for two to five years. Uber lease programs offer the benefit of short-term arrangements. As a result, you’re free to change your mind at any time.
Limited Out-of-Pocket Costs
Traditional leasing policies are accompanied by plenty of out-of-pocket expenses. Luckily, Uber’s car rental options aren’t. Uber Getaround includes insurance in the service price, and drivers aren’t responsible for any maintenance costs either.
While you will need insurance for Uber Fair vehicles, the company includes routine maintenance. This feature means that all oil changes, tire rotations, and multipoint inspections are covered in your Uber lease car program price.
All of the Uber car lease and rental options provide around-the-clock support. Even though drivers are responsible for Uber Fair vehicles long-term, roadside assistance is included in the price. Getaround users also have access to emergency services.
Take Advantage of the Uber Car Rental Programs
Ready to become an Uber driver? The Uber car rental and lease programs make it much easier to join the fleet. While an Uber lease car will ensure you start making money, our Uber driver sign up bonus will ensure you reach your earning potential. Use our Uber promo code – i9tz1 – during the sign-up process or click the link below to receive an earnings guarantee of up to $2000.
Have a question about Uber rental cars? Drop us a line and we’ll get back to you with answers.