As a pioneer in ridesharing, Uber has enjoyed enormous success in almost every market it has launched in. The Uber business model has been copied by many other rideshare companies. The model seems to work as evidenced by the company’s growth over the years. Uber has proven to be a flexible source of income for drivers and Uber fleet owners. If you have a car registered on the Uber platform as a driver, you get to drive on your own schedule and be your own boss. It is safe to say that Uber has empowered people who are interested in partnering with the rideshare giant in various markets.

What if you can’t afford a car to drive on the Uber platform?

Drivers who don’t have access to their own cars are linked to Uber partners who have cars registered on the platform but do not want to drive. Also, leasing programs are created to help drivers who don’t have their own vehicles have access to cars and potentially own these cars. These leasing programs are usually as a result of Uber’s strategic partnership with automakers and leasing companies. In May of 2016, auto giant Toyota announced that it would be entering a partnership with Uber. Uber and Toyota would work on creating new leasing options that would allow Uber drivers lease vehicles with Toyota Financial Services providing financing to these drivers.  

Now, Uber has entered a partnership with Leaseplan, a leading multinational fleet management and driver mobility company, to create a convenient vehicle leasing solution to Uber drivers and partners across Europe. This service will be called Uber Auto Lease.

 

More about Uber Auto Lease

The Uber Auto Lease plan currently provides mobility solutions to interested Uber drivers in Portugal, France and the Netherlands. However, Uber and Leaseplan have signed a Memorandum of Understanding that Leaseplan will provide vehicle leasing solutions to over 22 countries in Europe. The partnership will see Leaseplan providing a package of services that includes repairs, maintenance and insurance to interested Uber drivers.

 

What Uber auto lease means for Uber drivers

For new drivers:

Now, you don’t have to worry about getting a car before signing up to become an Uber driver. To become an Uber driver, you can sign up through the Uber website – using our referral link: uberkit.net/signup.  (You get a signup bonus, which has our signup referral code already pre-populated). Note – the links redirect to the correct Uber URL.

Once you have been approved to drive, you can then go on to lease your car at the Uber office. You will be required to present the following upon signing the lease agreement:

• Driving license (minimum three years)
• Chamber of Commerce number
• VAT number
• IBAN bank details
• A driver card

 

For existing Uber drivers:

You do not have to go through Uber to lease a car here. Visit the Leaseplan website, choose a car from the online showroom and follow the instructions stated there.

 

How It works

Uber drivers will be required to pay a fixed lease amount per week. Please note that you will only pay according to the number of kilometers you drove during the week. For example, for your first 6 months of leasing, you will be expected to pay about €157.50 weekly if you drive between 0 – 525km. The figure reduces as you spend more time driving for Uber. After spending 1 year, you will be awarded a lower rate per week and a nice bonus.

 

What we Think

Before entering into any lease agreement, it is important to do your research and ensure that there are no hidden charges. Auto leases are a great way to start your Uber business if you can’t afford a car immediately. With weekly payments, you can get to own the vehicle in no time.

 

 

Are you an Uber Driver and/or Entrepreneur? Did you enjoy this post? Are you looking for other ways to optimize your Ridesharing Business?-If your answer is yes to all three question, and you have not downloaded our kit(s) – you need to do so now and join thousands of other Uber drivers by clicking the Download link at the top right of this page, or by going here or here.