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> Running a fleet of self-driving cars is running a car rental company. I am very surprised this comment got the top votes. OP - in which world do you live in?

> Running a fleet of self-driving cars is running a car rental company. I am very surprised this comment got the top votes. OP - in which world do you live in? Uber already lease out vehicles so people who don't have a car but want to drive for Uber.... can lease it out from them. Uber does not have to maintain their cars. They can sign an AMC with some company.

djsumdog 10y ago
I was not aware drivers could lease vehicles from Uber. I assumed they couldn't because I once reserved a ReachNow car, only to find an Uber driver setting up in it. He had ended his ride by accident, and was on the phone with their customer service. He was talking about needing to start work. The customer service rep said there was another car nearby (it was 2 blocks away when I looked at the app). The guy then says on the phone, "I'll get this guy to drive me too it." He takes forever to get all his crap out of the car and says "We can drive-" "Dude, it's two blocks that way. I'm paying by the minute. I'm not driving you.." ..and I thought to myself, there is no way this guy is really a Lyft/Uber driver and is using ReachNow or Zipcars? Even if that wasn't against policy (which I have a feeling it is), that also has to be incredibly expensive. How does he turn a profit?
- cstejerean 10y ago
  That seems unlikely. You need to register each car you intend to drive with Uber and each one requires them to perform an inspection. So the chances of just grabbing a ZipCar and using it for Uber for the day being allowed are pretty much zero.
  - Neliquat 10y ago
    Ehh, except I have seen people use different cars. I imagine you could just have a random zipcar inspected, and grab a similar looking one each time. People who drive for uber already have a terrible idea of finances, so not suprising.
    - cstejerean 10y ago
      As a rider I would report that. If the license plate doesn't match what I see in the app I also wouldn't get in the car. Maybe not enough riders care enough and some drivers can get away with it.
- fstuff 10y ago
  I don't know what reach now is but ubers leasing program is called exchange lease. Its scummy as hell. Anyone can get approved if they agree to drive for uber. A Toyota corolla is 150 a week and your fairs pay the lease. If they cur rates or itw a slow week you're underwater. Lots of people got screwed when the cut rates and had to drive for uber just to break even https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2016-05-31/inside-uber-s-auto-lease-machine-where-almost-anyone-can-get-a-car https://www.google.com/amp/s/www.bloomberg.com/amp/news/arti...
sangnoir 10y ago
> Uber already lease out vehicles so people who don't have a car but want to drive for Uber.... can lease it out from them Do you have any links for Uber-backed leases? This is the first I've heard of them and I'd like to know more. Last O heard, Uber was encouraging/facilitating leases from 3rd parties for its drivers without being involved in the resulting lease itself.
- mandeepj 10y ago
  > Do you have any links for Uber-backed leases? One of the uber drivers told me this. I forgot the exact amount. I guess he said he pay around $250 per week to Uber Here you go - https://www.uber.com/drive/vehicle-solutions/leasing/ https://www.uber.com/drive/vehicle-solutions/leasing/ Uber might have collaborated with some third party to handle the paper work Edit - Uber partnered with Xchange Leasing, LLC for this leasing program
  - isubkhankulov 10y ago
    Xchange Leasing is an Uber affiliate which takes capital from wall st banks and loans it to uber drivers. uber takes out the loan payment before paying the driver.
- fstuff 10y ago
  Copied this reddit post ive linked to before that sums it up: "It's their xchangleasing leasing program. It's basically a sub prime car loan like from the housing bubble days. You use Uber as your income verification and they'll let anyone lease a car provided they do X amount rides each week regardless of credit. They require a three year lease, you a have month to back out but after that you're on the hook for the car 100%. So if Uber cuts it's rates they still have same payment but less fare money each month. They did this to a lot of people and it's well known within the company that a lot of Uber black drivers were screwed when this happened. https://www.bloomberg.com/news/articles/2016-05-31/inside-ub.. https://www.bloomberg.com/news/articles/2016-05-31/inside-ub.... <q>He leased a 2016 Toyota Corolla from Xchange in November, paying $155 a week. Two months later, Uber slashed fares nationally. Soon Hofstede had trouble keeping up with his payments. He went from making $200 in a weekend to $140 in a weekend, he said. "It got to the point that I would drive just to meet my payment," he said. "If you were short on your payment for a week it would roll onto the payment for next week. It starts adding up." </q> In this guys case they did a similar program for uber black years ago. Then they changed which cars were considered black cars. If I remember right a year after they started the program they changed which cars were considered "black" cars and this guys Lexus?? Was no longer a black car. They said it couldn't exclusively be used for black and had to pick up Uber X riders as well. Uber x pays a lot less. The people this happened to were basically bait and switched when Travis changed the terms on them. He can refuse uber x rides and only pick up uber black riders but if he refuses more than 45 rides in a month he's fired and forever banned from Uber but still on the hook for the car lease. The old Uber black leases started around 4k or 5k a month(I forget which cars but this was for a base "black car") but they made 6k to 8k, 10k a month back then depending on market. They cut rates and required you to pick up cheaper fairs and you're underwater. That's the 97k he's talking about. A lot of Uber black leases were repo'd because after this change their leases were more than their entire monthly wage. That's the personal responsibility Travis wants him to have. It's "Sorry the market change, too bad". Also the market changed or I mean people did. They just stopped using Uber black. I mean if you're taking at 10 or 20 minute ride across town are you really so vain to need a uber black. Turns out actually rich people are cheap and flocked to Uber x. That's why Travis mentioned their reducing the amount of drivers beacuse the number or riders also drop double screwing guys like this. Now let me say YES Travis is correct the guy is responsible for his desisions and things don't always work out like you'd expect. That said I see the guys side he made a 3 year commitment to Uber he couldn't walk away from and everything he was promised changed."

djsumdog 10y ago

I was not aware drivers could lease vehicles from Uber. I assumed they couldn't because I once reserved a ReachNow car, only to find an Uber driver setting up in it. He had ended his ride by accident, and was on the phone with their customer service. He was talking about needing to start work. The customer service rep said there was another car nearby (it was 2 blocks away when I looked at the app). The guy then says on the phone, "I'll get this guy to drive me too it." He takes forever to get all his crap out of the car and says "We can drive-" "Dude, it's two blocks that way. I'm paying by the minute. I'm not driving you.." ..and I thought to myself, there is no way this guy is really a Lyft/Uber driver and is using ReachNow or Zipcars? Even if that wasn't against policy (which I have a feeling it is), that also has to be incredibly expensive. How does he turn a profit?

cstejerean 10y ago
That seems unlikely. You need to register each car you intend to drive with Uber and each one requires them to perform an inspection. So the chances of just grabbing a ZipCar and using it for Uber for the day being allowed are pretty much zero.
- Neliquat 10y ago
  Ehh, except I have seen people use different cars. I imagine you could just have a random zipcar inspected, and grab a similar looking one each time. People who drive for uber already have a terrible idea of finances, so not suprising.
  - cstejerean 10y ago
    As a rider I would report that. If the license plate doesn't match what I see in the app I also wouldn't get in the car. Maybe not enough riders care enough and some drivers can get away with it.
fstuff 10y ago
I don't know what reach now is but ubers leasing program is called exchange lease. Its scummy as hell. Anyone can get approved if they agree to drive for uber. A Toyota corolla is 150 a week and your fairs pay the lease. If they cur rates or itw a slow week you're underwater. Lots of people got screwed when the cut rates and had to drive for uber just to break even https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2016-05-31/inside-uber-s-auto-lease-machine-where-almost-anyone-can-get-a-car https://www.google.com/amp/s/www.bloomberg.com/amp/news/arti...

sangnoir 10y ago

> Uber already lease out vehicles so people who don't have a car but want to drive for Uber.... can lease it out from them Do you have any links for Uber-backed leases? This is the first I've heard of them and I'd like to know more. Last O heard, Uber was encouraging/facilitating leases from 3rd parties for its drivers without being involved in the resulting lease itself.

mandeepj 10y ago
> Do you have any links for Uber-backed leases? One of the uber drivers told me this. I forgot the exact amount. I guess he said he pay around $250 per week to Uber Here you go - https://www.uber.com/drive/vehicle-solutions/leasing/ https://www.uber.com/drive/vehicle-solutions/leasing/ Uber might have collaborated with some third party to handle the paper work Edit - Uber partnered with Xchange Leasing, LLC for this leasing program
- isubkhankulov 10y ago
  Xchange Leasing is an Uber affiliate which takes capital from wall st banks and loans it to uber drivers. uber takes out the loan payment before paying the driver.
fstuff 10y ago
Copied this reddit post ive linked to before that sums it up: "It's their xchangleasing leasing program. It's basically a sub prime car loan like from the housing bubble days. You use Uber as your income verification and they'll let anyone lease a car provided they do X amount rides each week regardless of credit. They require a three year lease, you a have month to back out but after that you're on the hook for the car 100%. So if Uber cuts it's rates they still have same payment but less fare money each month. They did this to a lot of people and it's well known within the company that a lot of Uber black drivers were screwed when this happened. https://www.bloomberg.com/news/articles/2016-05-31/inside-ub.. https://www.bloomberg.com/news/articles/2016-05-31/inside-ub.... <q>He leased a 2016 Toyota Corolla from Xchange in November, paying $155 a week. Two months later, Uber slashed fares nationally. Soon Hofstede had trouble keeping up with his payments. He went from making $200 in a weekend to $140 in a weekend, he said. "It got to the point that I would drive just to meet my payment," he said. "If you were short on your payment for a week it would roll onto the payment for next week. It starts adding up." </q> In this guys case they did a similar program for uber black years ago. Then they changed which cars were considered black cars. If I remember right a year after they started the program they changed which cars were considered "black" cars and this guys Lexus?? Was no longer a black car. They said it couldn't exclusively be used for black and had to pick up Uber X riders as well. Uber x pays a lot less. The people this happened to were basically bait and switched when Travis changed the terms on them. He can refuse uber x rides and only pick up uber black riders but if he refuses more than 45 rides in a month he's fired and forever banned from Uber but still on the hook for the car lease. The old Uber black leases started around 4k or 5k a month(I forget which cars but this was for a base "black car") but they made 6k to 8k, 10k a month back then depending on market. They cut rates and required you to pick up cheaper fairs and you're underwater. That's the 97k he's talking about. A lot of Uber black leases were repo'd because after this change their leases were more than their entire monthly wage. That's the personal responsibility Travis wants him to have. It's "Sorry the market change, too bad". Also the market changed or I mean people did. They just stopped using Uber black. I mean if you're taking at 10 or 20 minute ride across town are you really so vain to need a uber black. Turns out actually rich people are cheap and flocked to Uber x. That's why Travis mentioned their reducing the amount of drivers beacuse the number or riders also drop double screwing guys like this. Now let me say YES Travis is correct the guy is responsible for his desisions and things don't always work out like you'd expect. That said I see the guys side he made a 3 year commitment to Uber he couldn't walk away from and everything he was promised changed."