If you have a major credit a card a much better option is to drive for uber eats, door dash, postmates, etc. Rent a car from the airport for like $15 to $20 a day (most times you can have either unlimited or very generous miles) on the days you want to hustle. Keep that wear and tear off of your personal vehicle. I have made as much $200.00 in 12 hours with doordash and spent $40 on gas and car rental.
Hey Lance, glad it was helpful. Yea I wouldnt recommend for the lease program only because of the expenses. If you are able to get a vehicle that you purchase for cheap or even lease through a dealer that might be much better.
Lance Holloway It's not worth it, period. I've been driving full-time in Los Angeles for a little over a year now... all my take home pay is equivalent to about 8 dollars an hour. Better to flip burgers, honestly.
The problem with insurance and people getting kicked off is that most insurance companies have a clause that you can't use your car to transport other people for money which should be commercial use. People are doing this without informing their insurance companies and that's why they are getting kicked off so it has really nothing to do with Uber as it does with people violating the terms of their insurance contract. I actually just switched my insurance so I could drive with Uber as my original company wanted $200 just to be able to use my car for rideshare. Actually ended up going with Allstate insurance which is only 126 to do Uber. When you get insurance you want to make sure to mention that you're going to be doing Rideshare because most insurance companies will charge a small extra fee to add what they call a Rideshare endorsement. Without the Rideshare Allstate wanted bought 120 so it was only an extra $5 that had the Rideshare endorsement. Essentially what it is is that your insurance company will cover you when you are driving your vehicle for yourself. Uber and Lyft offer insurance call Bridge only while you are transporting a rider. This leaves you unprotected while you are on standby or while you are going to pick a rider up so the Rideshare endorsement is actually a gap coverage for those times. I should mention that the insurance I got through Allstate is full coverage as well as Rideshare for 126 per month
I went with Fair. Had an accident recently, not my fault, got banged up pretty good. Since I was on the Uber platform when I got hit Fair let them handle the property damage. Note: Uber's insurance does not cover bodily injury for drivers. Uber decided to fix the vehicle, a three week ordeal. Note: Fair doesn't suspend your account and you are still responsible for the lease payments. More to follow as the case continues.
@@gabeekemezie2333 a few notes on leasing from Fair and accidents. Fair's deposit is non refundable and you can't lease more than two vehicles per year. The vehicle maintenance plan does not cover big ticket items that may go bad such as tires, brakes, and the transmission, which you may be held responsible for fixing if any of these items go bad. If you are in an accident that was not your fault, let the other driver's insurance company cover the repairs. Uber will try to handle it but you will end up owing the collision center $1000 deductible. For any serious accidents that involves passengers and/or airbags deploying get yourself a good attorney, meaning not only do they understand personal injury, but loss of income.
he didn't really emphasize on the biggest reason it IS worth it is because it has NO MILEAGE CAP. U said it once I think but that's really the main reason it beats any other way
WOW, amazing video, thank you!! Very informative. I'm so sorry you had to go through all of that. Days went by and you couldn't make money driving until it was all said and done. 😞 But a heart felt thank you for sharing so the rest of us know what to expect. 💝
How dies your credit have to be i dont hav poor but its not excellent. It needs worj mthats why i want to go to work so u can get mycredit buikt up an that takes money. U hav credit cards but cabt use much on it cause u cant afford to pay it back. Im retired excellent driver never been in trouble. How woukd i know if it would be beneficial in my area to do leasing exchange. Het back to me.
Great video man, like the "and you'll still be golden" part at the end. A little ray of sunshine there. Good to know that if i put in the necessary hours per week i can still make a profit even while being on uber's rapacious car lease rate.
rlb bakerscake e surance does not except ride share. I had them and had to get new insurance. Now progressive does. And general i believe is super cheap
+Gabe Ekemezie I've eh driving since Oct.9 I've made a video too and we have the same views. have you downloaded Waze driving nav it really helped me get to the money
Gabe: thanks for the video. Is the whole part where after you drive for 30 days and a two week notice-you can cancel lease anytime? I think I will be a part of this program for 4-5 months, and will likely cancel lease afterwards if this is true. Thanks!
No problem Connor! Yea as far as I know that is still the case. Safe driving out there man! If you want an extra $200 driving bonus use my link to sign up :)
You said that " Its only 3 years" then you said " After about a month of driving you can cancel any time you want". if you can cancel any time you want, what does the 3 years have to do with it? if you want to cancel before the 3 years, are you still responsible to pay for the rest of the 3 years?
Hey sorry that is a bit confusing. What I meant is that the total time for the lease is 3 years (So if you decided to keep the car for as long as you could you would have to return it by the end of the 3rd year because that is when the lease is up.) However what makes this different is that you are not bound by the lease like regular car leases. So if you do decide to end it short all you have to do is give them a 2 week notice and the lease will end. You are not responsible for paying the rest of the 3 years.
I am so late to this video, but your insight is helpful. Still debating if it'll be worth the investment. I am relieved though that if I'm not feeling it I can return the car. Any idea of how that process would work? Thanks!
Better late than never lol but I believe the process is as simple as informing them you would like to end the lease and returning the car. However this may have changed since the last time I made this video
Without getting into personal detail, if you could do it again, would you have done the exchange program or just go for a regular lease on a car you wanted? P.S. super helpful, thank you!
Great question! Honestly, I probably would have done a lease for a car that I wanted. But at the time when I first got started the exchange program was perfect because I was not looking to own a car back then
Hey man, I think it is because you can use it to supplement the income you are making with your part time job up until the point you dont need it anymore then you can just give a 2 weeks notice and cancel the lease no strings attached. Also you can pay for the weekly fees with your partime job if you ever decide that you cant drive that week for whatever reason. At the end of the day tho it comes down to your situation but Uber is so flexible that most of the time you wont have any issue adding it on top of a part time gig. Hope this helps
I've read that some people are driving for Uber just to keep the cars they lease because of the weekly payments. the profit is very little, if any. I'm curious of someone gets a car through the Xchange lease program, can they use the car to drive for Lyft? or for personal use since the cars have unlimited miles?
Hey Karin, great question. Yea you can use the car to drive for Lyft or for personal use. Technically when you lease it through Uber its still a regular lease so as long as you are paying the weekly fee you can do whatever you want. I also know this personally because I drive for Lyft with the same car as well lol
Hi Gabe Thanks for the information. My current car is old and not in good shape so I'm reluctant to use it for Uber. I have horrible credit and inconsistent income (I am self-employed) so I may no be able to get a traditional lease. I may sell my junk heap and get a car through xchange leasing...but the risk is making enough to make the car payments as well putting extra money in MY bank and not the Uber CEO's account.
Hey Karin, if you sell your car I think you might be better off just using that money to lease a car regularly and use that to drive for Uber instead of leasing through uber exchange since the payments are way more expensive. That would def help keep more $$ in YOUR pockets
Do a thorough breakdown of costs. Or find one of the ones that are out there. Do not believe Uber's claims on hourly wages. The only good thing about the xchange program is that you can cancel with only a 2 week notice. There are no cancellation fees. At least, that's what another youtuber claimed. I have no first hand experience. I think selling your car (if it is paid for) to take on new debt is a terrible idea. Especially if you are in a bad position financially. If it doesn't work out you will be left with no car and a big bill from Uber. If it does, you are enslaved by Uber making very little money. If you don't mind driving for a living there are companies who will pay to learn how to drive a tractor trailer and give you a job when training is finished and you have your license. I saw one the other day that claimed to pay new drivers 58-60k per year.
You need to go to the uber leasing website and fill out an application. If you have okay credit than you shouldn't have a problem qualifying. Check out the website here: www.uber.com/drive/vehicle-solutions/leasing/
If your credit is okay, don't lease your car through Uber. Just buy one..it'll be way cheaper. I would ONLY recommend XChange Leasing to someone who has no way of getting into a car otherwise (terrible credit).
Thanks Dajour! I appreciate it. Glad the video was helpful. Just checked out and subbed to your channel as well. You have great content!...looking forward to seeing more
Im actually in Philly right now but I LOVE Atlanta! Haha its an awesome city. Im always out and about tho so next time Im down there it would def be nice to connect :)
The maintenance includes just oil changes and rotations. I believe everything else you have to do out of pocket which sucks. But thankfully you dont have to do those too often.
So when I applied for the leasing program online, it was asking me for insurance upfront so that it can be verified. I don't have any because I don't have a car right now. I can't complete the app until I have insurance ? But then I have to purchase insurance AGAIN at the dealership when I go pick up the car? I'm a little confused
Hey Karena, that must be something new that they recently added because you don't have to have insurance yet just to apply. I would recommend contacting one of the dealers you are thinking about getting a car from and speaking with them directly. You might be able to get that information first from their end and just go back to fill out the application to make it official.
This is a 2016 video. I would LOVE to hear your insights as of this date 2019. I don't think Uber is still working with Hertz...not sure tho... I'm in Florida. Thank you and I too love your smile and kindness in your eyes :-)
Im thinking about it, im in san diego, I have a full time job I can drive for about 24 to 30 hrs per week, 12 hours straight Saturday at 11pm to 11 am sunday... I dont, know if it will work out for me.
Hey Cesar Reyes I would suggest doing whatever you feel comfortable. I've done 12 hr shifts before and they can be really long days so I wouldn't do them back to back. If you decide to get started use my promo code in the description so you can atleast get some bonus money to get you going
I HAVE A QUESTION ... When leasing with Uber Xchange you said after a month of driving you can give it back ... my question is how does that effect your credit !? im asking this because i would like to do Xchange then when i save up enough to put a down payment on my own car i give it back ? How is your credit effected ?
Great question man. As far as I know I do not believe it effects your credit (I asked the dealer the same question) since you are not breaking your lease in a negative way it should be deducted from your credit score. I'm not 100% on that answer though so I would def do some more digging just to find out for sure
Nice, i'm trying to lease with bama leasing. so therefore in comteplating on choosing either a prius 2 for $170 per week or a prius c for $150. Mr Gabe, what car do you think will be more roomy and economical? thank you.
I think the prius 2 will be a bit more roomy then the prius c. Probably why they charge a bit more. However, if you really on a budget and want to save on monthly payments and over gas and maintenance the prius c is your best bet becuase it is a bit smaller. And it makes it alot easier to parallel park if you are in a city. Let me know what you end up going with!
Awesome choice man. And honestly getting your own car is the best decision vs even doing a lease. You'll be able to make alot more money and keep most of it lol. Safe driving!
I would contact your dealership because since you got the car through uber I would imagine they would not let you keep the car if you were not working for them anymore. But they would know more about the process. Even if they did let you keep the car you would be paying WAYY more for the lease then if you just got your own regular lease from a car dealer.
I want to use the leasing program for this plan: 1) Move to SanFrancisco 2) Stack just a few more grand (because I've already got some money I just want a safe buffer fund) 3) Buy my own car with cash after a month or two I imagine the cancel anytime lease would come in handy for this.
Hey Royal, it usually depends on what insurance you go with. In my case it was a little over 1,200. That includes the first 6 months which comes out to about 200 a month
Don't go through a broker for insurance!! They can charge some pretty outrageous broker fees, and want to charge a lot of the policy up front. I would recommend State Farm, as they're popular with Uber drivers- get on their monthly, and you shouldn't have to pay much at all to get started with them (I think just the first month's payment, which shouldn't be too much if you qualify for Uber to begin with, because that should mean you have a good driving record).
Yea I agree. Brokers tend to charge way more (learned that from experience) I had to dish out close to $1000 for the first 6 months since they wanted it up front. But if you go through State Farm or Geico, you will only have to pay monthly installments which is so much better. And I believe you dont have to pay your first payment till about a month after you get the policy
Gabe Ekemezie Just one thing to note: it may be easier to obtain Geico, becuase you can do it online and don't have to go to an agent, but they require that you have a commercial policy. State Farm doesn't.
That leasing program is a big rip off. Only a person with no other options in life would put themselves in that slave contract. It doesn't make sense economically to join. And it doesn't matter how much you drive either.
If the car is in your name on the registration and tags.. did you have to register the car and pay for that also? That was one of my questions since I have been accepted to lease from XChange. I just need to get the money up. I have a go fund me account that has helped a lot.
Hey man thanks for the comment! In my case I had to put down about half (you pay half when you get the car and the other 6 months later) Ended up being around $1,200. It was kinda pricey because it was the first time I got car insurance under my name. After 6 months the rate drops down significantly. Hope that helps
Marquiseb Pinder hey man sorry for the late response just seeing this. But the insurance can be up to A thousand dollars in terms if all the payment you have to make in a year. But usually you will have to pay 6 months at a time which can be a bit expensive depending on your insurance
Yeaa..so I was a complete noob when I first signed up lol didnt do my research when it came to insurance and ended up paying way more than I should have. So I would def recommend looking at different insurance companies that you can sign with. The reason it was $1000 was because I payed the first 6 months up front but I'm sure other companies have a payment plan as an option
Xchange Leasing no longer exist !!!!! Why do you people keep talking about it ? If you are so up on it,how come you keep talking about Xchange Leasing ? Damn !!!!!!!
Wanted to know if age was a factor in this I'm 24 .. I've been dying to rent a car for uber however I'm a year too young for it so I was thinking this might be a pretty good alternative
leasing is a.waste of time and a rip off!!! 800$ a month after 6 weeks of non payments my cousin was repossessed??!! I told him you can get a carnote for $275/month...duh
This doesn't sound good at all. I'd rather have my own vehicle and make my money. Hits a rip off 800 a month is rent in some places. Not a good idea at all
just been approved to drive for Uber . but I need a car how the hell do you lease one. been trying to figure it out for 2 days now. what do I need to do to apply for it
Hey Charles, thanks for the comment and great question! Did you want to lease a car through uber? When you sign up there is an option asking if you are interested in getting a car. From there you can log into your partner account and apply for the lease (the application is fairly easy and done online). Once approved they will give you options on cars and dealerships in your area that you qualify for. Check out their site if you want to apply: xchangeleasing.com/ Just sign in if you already have an uber account. You dont have to make a new one. Does that answer your question? Let me know if you have any issues.
the CEO is in his office right now prolly laughing his ass off, i mean either way if you rent or go on finance thats 250 out of your pocket which means you need to work more days and hours
Gabe Ekemezie i only just thought about it today cause for the last week ive been thinking of renting. so for now ill be using my car till i scrape up some money to buy another. thats really the only way to have freedom buy a car outright even if its half a bucket of crap lol
Haha honeslty bro that's the smartest thing to do. Another person actually mentioned that in the comments earlier. I would have done exactly that if I had an older car to go with when I got started just to get it going. But yea use what you have for as long as you can! Uber takes away enough from us in "Uber fees" anyways lol
If you have a major credit a card a much better option is to drive for uber eats, door dash, postmates, etc. Rent a car from the airport for like $15 to $20 a day (most times you can have either unlimited or very generous miles) on the days you want to hustle. Keep that wear and tear off of your personal vehicle. I have made as much $200.00 in 12 hours with doordash and spent $40 on gas and car rental.
Lorenzo Rankins really good idea man. That's a good way to think outside the box and take advantage of different Rideshare services
How is this working for you 6yrs later? I need an update because this seems like such a great idea that it seems too good to work today lol
Thank you. You helped me decide that its not worth it if I can only drive on weekends.
Hey Lance, glad it was helpful. Yea I wouldnt recommend for the lease program only because of the expenses. If you are able to get a vehicle that you purchase for cheap or even lease through a dealer that might be much better.
Lance Holloway
It's not worth it, period. I've been driving full-time in Los Angeles for a little over a year now... all my take home pay is equivalent to about 8 dollars an hour. Better to flip burgers, honestly.
Great video. You explained it very well.
Thanks Russell! Im glad you found it helpful man.
Yeah. You help me out a whole lot.
No problem man. Glad it was helpful!
Great video and very informative. Much success. 😍
Thanks Lisa! Im glad you liked it. I appreciate it :)
Xchange Leasing no longer exist. I wish that people would update their videos and stop mentioning Xchange Leasing.
Great video, thank you so much :-)
Thank you for watching!
thank you, useful video!
insurance pay upfront is kinda drag...
No problem! And yes it really is. That's one of the biggest downfalls
The problem with insurance and people getting kicked off is that most insurance companies have a clause that you can't use your car to transport other people for money which should be commercial use. People are doing this without informing their insurance companies and that's why they are getting kicked off so it has really nothing to do with Uber as it does with people violating the terms of their insurance contract. I actually just switched my insurance so I could drive with Uber as my original company wanted $200 just to be able to use my car for rideshare. Actually ended up going with Allstate insurance which is only 126 to do Uber. When you get insurance you want to make sure to mention that you're going to be doing Rideshare because most insurance companies will charge a small extra fee to add what they call a Rideshare endorsement. Without the Rideshare Allstate wanted bought 120 so it was only an extra $5 that had the Rideshare endorsement. Essentially what it is is that your insurance company will cover you when you are driving your vehicle for yourself. Uber and Lyft offer insurance call Bridge only while you are transporting a rider. This leaves you unprotected while you are on standby or while you are going to pick a rider up so the Rideshare endorsement is actually a gap coverage for those times. I should mention that the insurance I got through Allstate is full coverage as well as Rideshare for 126 per month
Yea that is true, it can be a bit risky. Some insurance companies are loosing up but most are still pretty difficult to work with.
Thank u your the first RUclipsr that answered my question.
You're welcome! Glad the video was helpful
thanks! you were very informative.
No problem!
I went with Fair. Had an accident recently, not my fault, got banged up pretty good. Since I was on the Uber platform when I got hit Fair let them handle the property damage. Note: Uber's insurance does not cover bodily injury for drivers. Uber decided to fix the vehicle, a three week ordeal. Note: Fair doesn't suspend your account and you are still responsible for the lease payments. More to follow as the case continues.
Wow so sorry to hear that. Keep me informed on the developments. I'm curious to hear how things pan out. Wishing you he best!
Wow. Hope everything works out
@@gabeekemezie2333 a few notes on leasing from Fair and accidents. Fair's deposit is non refundable and you can't lease more than two vehicles per year. The vehicle maintenance plan does not cover big ticket items that may go bad such as tires, brakes, and the transmission, which you may be held responsible for fixing if any of these items go bad. If you are in an accident that was not your fault, let the other driver's insurance company cover the repairs. Uber will try to handle it but you will end up owing the collision center $1000 deductible. For any serious accidents that involves passengers and/or airbags deploying get yourself a good attorney, meaning not only do they understand personal injury, but loss of income.
@@misstanishaa wats guud
Informative, positive, cool !!!
Thanks a lot !!!
No problem man! Glad it was helpful
he didn't really emphasize on the biggest reason it IS worth it is because it has NO MILEAGE CAP. U said it once I think but that's really the main reason it beats any other way
It's a good idea depending on what city you drive
Curtis Cobb yea it really depends. Some places are definitely better than others
good video brother thank u
Thanks man! I appreciate you. Your welcome bro, Im glad you found it helpful
thanks. informative video.
Anytime! Glad it was helpful
Thanks so much for the information. 🚗🚘
No problem. Anytime!
WOW, amazing video, thank you!! Very informative. I'm so sorry you had to go through all of that. Days went by and you couldn't make money driving until it was all said and done. 😞 But a heart felt thank you for sharing so the rest of us know what to expect. 💝
Miss Texas your welcome! And thanks so much. I'm glad you got value from it 😊
great info thank you~!
No prob Jala! Glad it helped
How dies your credit have to be i dont hav poor but its not excellent. It needs worj mthats why i want to go to work so u can get mycredit buikt up an that takes money. U hav credit cards but cabt use much on it cause u cant afford to pay it back. Im retired excellent driver never been in trouble. How woukd i know if it would be beneficial in my area to do leasing exchange. Het back to me.
Hey! Sry I'm just seeing this. I actually ended leaving the program and purchasing my own car. It just worked better long term
Excellent video!!!!!
Thank you so much! :)
thank you soooo much for the info, yeap! very helpfull
No problem! I'm glad that you found it helpful
Great video man, like the "and you'll still be golden" part at the end. A little ray of sunshine there.
Good to know that if i put in the necessary hours per week i can still make a profit even while being on uber's rapacious car lease rate.
Anytime man, glad the video was helpful. Yea Uber definitely has its cons but if you put in enough work it can be beneficial.
thanks from Egypt
Thanks Mohamed, always wanted to visit Egypt! Great to hear from you
Being able to walk away from a car lease makes it worth it
J Thomas Yea it really does!
J Thomas and free car maintenance every 5000 miles makes it worth it too.
Alisa White it's definitely a nice perk!
Do they still do the xchange program in present time?
Hey Isaias, no not anymore. I eventually ended up getting my own car
@@gabeekemezie2333 thank you!
Does anyone know if Uber works with USAA car insurance for leased vehicles? This video was awesome and extremely informative! Thank you!
BeautiGirl73 you're welcome! And I'm not sure if they accept the insurance. I would look it up and see.
Erie insurance is rideshare and it's cheap
Thanks for the info! Good to know... will definitely spread the word
rlb bakerscake e surance does not except ride share. I had them and had to get new insurance. Now progressive does. And general i believe is super cheap
Gabe Ekemezie e surance does not except ride share. I had them when i joined uber and had to change
Thanks.
You're welcome!
straight up it seems like we went Thur the same experience great video
Haha, Im glad I wasn't the only one! Thanks for the comment :) How long have you been driving for uber?
+Gabe Ekemezie I've eh driving since Oct.9 I've made a video too and we have the same views. have you downloaded Waze driving nav it really helped me get to the money
I actually just use Google Maps since I have a Samsung lol. Ive heard Waze is on point tho! Might need to give it a shot
What about using for your personal use???
Its possible but I wouldn't recommend. Your monthly car note will be pretty pricey compared to if you just went straight to the dealer.
Ok
good video
Thank you!
Question: Could you put more money down to shrink the total amount of the car?
thePHOTOphilic P yes you can. The more you put up front the less your monthly payments will be
When I got my lease car i got it the 1st day....I save and now I got my on car ...And still drive uber and lyft
sweetk1342 sk hi how did it work for you?
It worked good when I got my lease car...But I save my money and got me my on 2017 and I have more money.......leaseing is good until u get your on
How much was insurance,?
I disagree I pay 109$ weekly and I get unlimited miles, regular lease no unlimited miles and large down
what if you didn't make enough money for the week to make pay the car payment?
You are still responsible for making the payments so they give you the option of paying either with a bank account or money wire like western union
Gabe Ekemezie do they give you a time limit on when you can pay them?
Sorry i need a new key board hope you can understand it
I got you!
Gabe: thanks for the video. Is the whole part where after you drive for 30 days and a two week notice-you can cancel lease anytime? I think I will be a part of this program for 4-5 months, and will likely cancel lease afterwards if this is true. Thanks!
No problem Connor! Yea as far as I know that is still the case. Safe driving out there man! If you want an extra $200 driving bonus use my link to sign up :)
What did you lease? Looks nice in the video.
I leased a 2016 Toyota corolla
You said that " Its only 3 years" then you said " After about a month of driving you can cancel any time you want". if you can cancel any time you want, what does the 3 years have to do with it? if you want to cancel before the 3 years, are you still responsible to pay for the rest of the 3 years?
Hey sorry that is a bit confusing. What I meant is that the total time for the lease is 3 years (So if you decided to keep the car for as long as you could you would have to return it by the end of the 3rd year because that is when the lease is up.) However what makes this different is that you are not bound by the lease like regular car leases. So if you do decide to end it short all you have to do is give them a 2 week notice and the lease will end. You are not responsible for paying the rest of the 3 years.
Why does dude have on a seatbelt in park tho?
Lol safety first at all time haha
Gabe Ekemezie lol I can dig it
Lmao🤣🤣🤣🤣
I am so late to this video, but your insight is helpful. Still debating if it'll be worth the investment. I am relieved though that if I'm not feeling it I can return the car. Any idea of how that process would work? Thanks!
Better late than never lol but I believe the process is as simple as informing them you would like to end the lease and returning the car. However this may have changed since the last time I made this video
i got mine
in
3 hrs thanks tho
Really? Wow that's awesome. Safe driving!
Without getting into personal detail, if you could do it again, would you have done the exchange program or just go for a regular lease on a car you wanted? P.S. super helpful, thank you!
Great question! Honestly, I probably would have done a lease for a car that I wanted. But at the time when I first got started the exchange program was perfect because I was not looking to own a car back then
If you are an “independent contractor” why does uber need a TWO WEEK NOTICE?
I'm not sure what But I know people who have stopped without put in in and notice so I'm sure it's not every single time
what about insurance?
Yes you also need insurance. I have state farm which works for me. Have to be able to put down a few months payment when you get started
Or if you have a part time job already
Hey man, I think it is because you can use it to supplement the income you are making with your part time job up until the point you dont need it anymore then you can just give a 2 weeks notice and cancel the lease no strings attached. Also you can pay for the weekly fees with your partime job if you ever decide that you cant drive that week for whatever reason. At the end of the day tho it comes down to your situation but Uber is so flexible that most of the time you wont have any issue adding it on top of a part time gig. Hope this helps
I've read that some people are driving for Uber just to keep the cars they lease because of the weekly payments. the profit is very little, if any.
I'm curious of someone gets a car through the Xchange lease program, can they use the car to drive for Lyft? or for personal use since the cars have unlimited miles?
Hey Karin, great question. Yea you can use the car to drive for Lyft or for personal use. Technically when you lease it through Uber its still a regular lease so as long as you are paying the weekly fee you can do whatever you want. I also know this personally because I drive for Lyft with the same car as well lol
Hi Gabe
Thanks for the information. My current car is old and not in good shape so I'm reluctant to use it for Uber. I have horrible credit and inconsistent income (I am self-employed) so I may no be able to get a traditional lease. I may sell my junk heap and get a car through xchange leasing...but the risk is making enough to make the car payments as well putting extra money in MY bank and not the Uber CEO's account.
Hey Karin, if you sell your car I think you might be better off just using that money to lease a car regularly and use that to drive for Uber instead of leasing through uber exchange since the payments are way more expensive. That would def help keep more $$ in YOUR pockets
Do a thorough breakdown of costs. Or find one of the ones that are out there. Do not believe Uber's claims on hourly wages. The only good thing about the xchange program is that you can cancel with only a 2 week notice. There are no cancellation fees. At least, that's what another youtuber claimed. I have no first hand experience.
I think selling your car (if it is paid for) to take on new debt is a terrible idea. Especially if you are in a bad position financially. If it doesn't work out you will be left with no car and a big bill from Uber. If it does, you are enslaved by Uber making very little money.
If you don't mind driving for a living there are companies who will pay to learn how to drive a tractor trailer and give you a job when training is finished and you have your license. I saw one the other day that claimed to pay new drivers 58-60k per year.
I DON'T HAVE A CAR I WANT TO LEASE WITH UBER HOW DO I SIGN UP. PLEASE HELP ME!!!!!!!! MY CREDIT IS OKAY.
You need to go to the uber leasing website and fill out an application. If you have okay credit than you shouldn't have a problem qualifying. Check out the website here: www.uber.com/drive/vehicle-solutions/leasing/
If your credit is okay, don't lease your car through Uber. Just buy one..it'll be way cheaper. I would ONLY recommend XChange Leasing to someone who has no way of getting into a car otherwise (terrible credit).
thank you for this!! just sub to your channel!! will be shouting you out on my next video!!
Thanks Dajour! I appreciate it. Glad the video was helpful. Just checked out and subbed to your channel as well. You have great content!...looking forward to seeing more
Gabe Ekemezie aww thank you!! i would love to meet you! i hope you are in atlanta!:)
Im actually in Philly right now but I LOVE Atlanta! Haha its an awesome city. Im always out and about tho so next time Im down there it would def be nice to connect :)
Does anyone know if AAA insurance will cover for uber drivers?
Ambslaps1994 from what I've heard I don't think so. But I would research and double check just in case. That may have changed
Paying $117.00 a week....... which I can make in 2-3 hrs
Hi about the car maintenance does it include like brakes and tires or is it just oil change and tire rotation?
The maintenance includes just oil changes and rotations. I believe everything else you have to do out of pocket which sucks. But thankfully you dont have to do those too often.
Gabe Ekemezie cool thanks for the info 🍻
You have a great smile and personality you must do well with tips.
Thank you! I guess I get my fair share lol. It's mostly about making people feel comfortable
So when I applied for the leasing program online, it was asking me for insurance upfront so that it can be verified. I don't have any because I don't have a car right now. I can't complete the app until I have insurance ? But then I have to purchase insurance AGAIN at the dealership when I go pick up the car? I'm a little confused
Hey Karena, that must be something new that they recently added because you don't have to have insurance yet just to apply. I would recommend contacting one of the dealers you are thinking about getting a car from and speaking with them directly. You might be able to get that information first from their end and just go back to fill out the application to make it official.
This is a 2016 video. I would LOVE to hear your insights as of this date 2019. I don't think Uber is still working with Hertz...not sure tho... I'm in Florida. Thank you and I too love your smile and kindness in your eyes :-)
Thanks Irene I appreciate you 😁 and you're right this is an older video. Maybe I'll do one that is updated for this year. Thanks for the idea!
Gabe Ekemezie Can you do one for 2020 if you didn’t already do one for 2019?
Im thinking about it, im in san diego, I have a full time job I can drive for about 24 to 30 hrs per week, 12 hours straight Saturday at 11pm to 11 am sunday... I dont, know if it will work out for me.
Hey Cesar Reyes I would suggest doing whatever you feel comfortable. I've done 12 hr shifts before and they can be really long days so I wouldn't do them back to back. If you decide to get started use my promo code in the description so you can atleast get some bonus money to get you going
Gabe Ekemezie thank you...what happens if in the first 30 days you decide to return the lease, can you go back to it if you change your mind
I HAVE A QUESTION ...
When leasing with Uber Xchange you said after a month of driving you can give it back ...
my question is how does that effect your credit !?
im asking this because i would like to do Xchange then when i save up enough to put a down payment on my own car i give it back ?
How is your credit effected ?
Great question man. As far as I know I do not believe it effects your credit (I asked the dealer the same question) since you are not breaking your lease in a negative way it should be deducted from your credit score. I'm not 100% on that answer though so I would def do some more digging just to find out for sure
Can you cash out daily
Yes you can!
Nice, i'm trying to lease with bama leasing. so therefore in comteplating on choosing either a prius 2 for $170 per week or a prius c for $150. Mr Gabe, what car do you think will be more roomy and economical? thank you.
I think the prius 2 will be a bit more roomy then the prius c. Probably why they charge a bit more. However, if you really on a budget and want to save on monthly payments and over gas and maintenance the prius c is your best bet becuase it is a bit smaller. And it makes it alot easier to parallel park if you are in a city. Let me know what you end up going with!
Hi Mr Gabe, thanks for replying, i finally bought my own car from my own Prius c from my own pocket. i appreciate you concern thank you.
Awesome choice man. And honestly getting your own car is the best decision vs even doing a lease. You'll be able to make alot more money and keep most of it lol. Safe driving!
thank you!
what happens with the lease if get fired with uber after the 30 days
I would contact your dealership because since you got the car through uber I would imagine they would not let you keep the car if you were not working for them anymore. But they would know more about the process. Even if they did let you keep the car you would be paying WAYY more for the lease then if you just got your own regular lease from a car dealer.
I want to use the leasing program for this plan:
1) Move to SanFrancisco
2) Stack just a few more grand (because I've already got some money I just want a safe buffer fund)
3) Buy my own car with cash after a month or two
I imagine the cancel anytime lease would come in handy for this.
JJSmith Lago yes it would just remember that weekly prices can be a bit expensive so keep that in mind
I'm trying to do the same thing
What about fair ? Fair is Uber partner does anyone know about that or have done it ?
I havent done it personally myself
Is it worth trying if your wanting to drive for uber part time
how much down is required to give for the insurance at the dealership?
Hey Royal, it usually depends on what insurance you go with. In my case it was a little over 1,200. That includes the first 6 months which comes out to about 200 a month
Don't go through a broker for insurance!! They can charge some pretty outrageous broker fees, and want to charge a lot of the policy up front. I would recommend State Farm, as they're popular with Uber drivers- get on their monthly, and you shouldn't have to pay much at all to get started with them (I think just the first month's payment, which shouldn't be too much if you qualify for Uber to begin with, because that should mean you have a good driving record).
Yea I agree. Brokers tend to charge way more (learned that from experience) I had to dish out close to $1000 for the first 6 months since they wanted it up front. But if you go through State Farm or Geico, you will only have to pay monthly installments which is so much better. And I believe you dont have to pay your first payment till about a month after you get the policy
Gabe Ekemezie Just one thing to note: it may be easier to obtain Geico, becuase you can do it online and don't have to go to an agent, but they require that you have a commercial policy. State Farm doesn't.
That leasing program is a big rip off. Only a person with no other options in life would put themselves in that slave contract. It doesn't make sense economically to join. And it doesn't matter how much you drive either.
Yonathan Ben Israelite
Yep. I know from experience... unfortunately...
are the registration and tag's on your name cuzz i owe central collection unit
Yup. For my car they are in my name
If the car is in your name on the registration and tags.. did you have to register the car and pay for that also? That was one of my questions since I have been accepted to lease from XChange. I just need to get the money up. I have a go fund me account that has helped a lot.
Yea I had to register and pay for it as well. I did all of that when I got my car from the dealer
How much did you have to put down for insurance before you get off the lot
Hey man thanks for the comment! In my case I had to put down about half (you pay half when you get the car and the other 6 months later) Ended up being around $1,200.
It was kinda pricey because it was the first time I got car insurance under my name. After 6 months the rate drops down significantly. Hope that helps
You went to a broker, I'm guessing? Saaave some money for yourself- that's outrageous! Get the maximum deductibles allowed, and try State Farm. :)
yo bro you said ah G and up (it ranges). you talking ah thousand ? why so expensive?
Marquiseb Pinder hey man sorry for the late response just seeing this. But the insurance can be up to A thousand dollars in terms if all the payment you have to make in a year. But usually you will have to pay 6 months at a time which can be a bit expensive depending on your insurance
If you rent a car are you still eligible to take part in all the bonuses n stuff other Uber drivers that arnt renting take part in?
Yes I believe you still have access to all the additional bonuses
When tf did Draymond start driving Uber?? & Wzup w/ that sh*t w/ KD....U hurting the team dogg. #cutItOut
Needed a break after the suspension...had to clear my head 😅
Make your 150.00 on day 1 then other 6 days home free.
John Moore basically!
Did you say 1000$ for insurance?
Yeaa..so I was a complete noob when I first signed up lol didnt do my research when it came to insurance and ended up paying way more than I should have. So I would def recommend looking at different insurance companies that you can sign with. The reason it was $1000 was because I payed the first 6 months up front but I'm sure other companies have a payment plan as an option
no they denied me!
Whaaa!?? I'm sorry to hear that Elizabeth :( Did they ever give you a reason as to why?
Xchange Leasing no longer exist !!!!! Why do you people keep talking about it ? If you are so up on it,how come you keep talking about Xchange Leasing ? Damn !!!!!!!
William L. Davis Sr. Lol I uploaded this video like 2 years ago. Things change. But I just keep it up just in case people are still curious about uber
If your video is 2 years old,why don't you update it and leave out Xchange Leasing so people won;t be trying to get a lease from them ? Peace !!
William L. Davis Sr. Very true! Thanks for the tip. Ill look into doing that 😊 it's about time anyways haha
Wanted to know if age was a factor in this I'm 24 .. I've been dying to rent a car for uber however I'm a year too young for it so I was thinking this might be a pretty good alternative
I dont think age is a factor but the program is changing all the time so I would double check the requirements
leasing is a.waste of time and a rip off!!! 800$ a month after 6 weeks of non payments my cousin was repossessed??!! I told him you can get a carnote for $275/month...duh
This doesn't sound good at all. I'd rather have my own vehicle and make my money. Hits a rip off 800 a month is rent in some places. Not a good idea at all
just been approved to drive for Uber . but I need a car how the hell do you lease one. been trying to figure it out for 2 days now. what do I need to do to apply for it
Hey Charles, thanks for the comment and great question! Did you want to lease a car through uber? When you sign up there is an option asking if you are interested in getting a car. From there you can log into your partner account and apply for the lease (the application is fairly easy and done online). Once approved they will give you options on cars and dealerships in your area that you qualify for. Check out their site if you want to apply: xchangeleasing.com/
Just sign in if you already have an uber account. You dont have to make a new one. Does that answer your question? Let me know if you have any issues.
Gabe Ekemezie hey man thanks for the info keep your 4 Wheels rolling
Anytime man. You do the same :)
driving for cents a mile, no thanks U must be section 8 to pay $800 a month for a lease
Lol might as well be! It is a pretty high price for a lease smh
Such a jerk.
He’s being racist but you’re laughing .... come on bro
the CEO is in his office right now prolly laughing his ass off, i mean either way if you rent or go on finance thats 250 out of your pocket which means you need to work more days and hours
Lol yea man either way the CEO is winning big time
Gabe Ekemezie i only just thought about it today cause for the last week ive been thinking of renting. so for now ill be using my car till i scrape up some money to buy another. thats really the only way to have freedom buy a car outright even if its half a bucket of crap lol
Haha honeslty bro that's the smartest thing to do. Another person actually mentioned that in the comments earlier. I would have done exactly that if I had an older car to go with when I got started just to get it going. But yea use what you have for as long as you can! Uber takes away enough from us in "Uber fees" anyways lol
Gabe Ekemezie thats true if you dont have a car itd be hard
DanT exactly
..... and your soul is crying to drive for Uber looool 🤣😂
Lol!
How white is he gonna try to act?