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As far as I know, Uber car loans are fairly different from typical subprime car leases in that you can get out of them with little or no penalty.
by microtherion 9y ago
As far as I know, Uber car loans are fairly different from typical subprime car leases in that you can get out of them with little or no penalty.
- Balgair 9y agoThanks for the data! I had heard the lease terms were for 3 years, no exceptions and no getting out of them. Still, they may change from location to location and over time. As always, read the contract!
- microtherion 9y agoMy original source for the cancellation terms was an Uber driver, and I just looked on Uber's web site, which more or less seems to confirm this: "Flexible leases from Xchange Leasing, LLC are potentially up to 36 months with the flexibility to return the vehicle as early as 30 days after the first payment due date with a payment of a $250 disposition fee. Not all applicants will qualify for this program. Certain items present on your credit report, and other information, may cause you to be excluded from this offer, including without limitation, a repossessed vehicle within the last 12 months, a pending bankruptcy, or a discharged bankruptcy within the last 12 months." https://www.uber.com/drive/vehicle-solutions/leasing/ https://www.uber.com/drive/vehicle-solutions/leasing/