If you’ve been driving for Uber anywhere around New York, or you’re weighing it as an option to create an income stream, you have probably been searching for the best types of cars to buy. You may have even come across articles about some restrictions on leasing vehicles that prevent you from driving for any rideshare companies like Uber, Lyft, or DoorDash. But the truth is, there is probably an option you may not have thought of yet—leasing a used car for your Uber driving needs.
The used car leasing financing specialists at Drivrz Financial wanted to take a few moments and talk about why leasing a used car for Uber is the way to go in 2022. Because we believe you shouldn’t be stopped from making that extra income, you need to get by because you can’t afford to buy a new car, or for whatever reason, the one you have may not qualify for Uber.
Let’s look at why leasing used is the way to go!
More Car for Your Money
There are many different Uber car lease programs out there, and the fact is many of them price themselves out of consideration. However, the lease payments are so high that if you’re living in isn’t very lucrative or oversaturated with other Uber drivers. As a result, you may end up paying more than you’re making every week for the vehicle. With a used car lease from a financing company like Drivrz Financial, you’re able to get far more car for your money and have lower monthly payments on the vehicle. Thanks to the fact that the depreciation during your lease term is far lower with the vehicle being used.
Less For Insurance
As an Uber driver, you need to ensure that your insurance coverage is up to their requirements. And certain leasing companies and lienholders will not permit you to drive for Uber if you are leasing or financing. That’s not the case with Drivrz Financial. We encourage you to make that money while also being able to enjoy the car you’ve always wanted. And because the deprecation during your lease is much lower than buying or leasing new, your insurance payments will be much more affordable—even with the Uber insurance requirements!
Leasing a used car allows you to be able to profit more every week while driving for Uber, not only for the reasons above but also because you’re able to have a car that’s in tip-top shape even though it’s used. Less wear and tear mean less chance of breaking down while you’re on the job and more money in your pocket.
If you’re considering buying a car to drive for Uber or looking at one of the lease-to-own programs that the company offers, be sure you call Drivrz Financial first at 1-800-436-0476. We have the used car leasing financing pros ready to help you get the best deal possible so that you can start earning that Uber cash without overpaying for the car.