On the outside, becoming an Uber rideshare driver is an easy job. The growing number of people using ridesharing services and increasing costs of keeping a vehicle has led to a drastic rise in the demand for such services.
However, there are two sides to every coin, and the same is true for Uber rideshare drivers. They need to be active around the clock, picking up rides and ensuring that they safely arrive at their destination. Their car is the means to their livelihood, which means they have to take utmost care of their vehicles.
Having a car is not enough, there is so much more to ensure a sense of security before you take upon a new job as an Uber rideshare driver. Even before the first payment is transferred to your account, there are some expenses which must be borne out of your own pocket.
Here are some of the examples:
These expenses provide an insight into the many expenses that a rideshare driver has to incur before they even get to pick their first ride. Additionally, in order to get higher customer approval ratings, drivers are required to go above and beyond – such as providing water or mints inside the car.
These are not primarily expenses, but an investment to become a high-rated driver and thus, fetch more rides. The problem arises when a new driver looks for money to kick start their road to financial independence as a rideshare driver.
As the largest lenders, banks are the first thought that comes to the mind. Unfortunately enough, the banks seem to have a difficult time in granting loans to drivers of rideshare services.
Financial institutions require extensive paperwork, bigger ticket loans in addition to considerable money and a credit check. For a driver who is just looking to start out, such prerequisites can be hard to fulfill.
Additionally, rideshare drivers don’t always have a proof of income to present, and their fluctuating level of income is viewed negatively by banks. While rideshare drivers earn stable incomes, there is no future guarantee of the rides you will get. Devoid of an organization that employs you, as you are self-employed and dictate your efforts, is also a reason why banks tend to hesitate when giving loans to rideshare drivers.
However, banks aren’t the only lenders who can help you. Nontraditional lenders emerge as the best alternative for rideshare drivers who are looking for a quick loan to get started with their work, as they require little paperwork and provide quick financing.
There is no excessive documentation involved when you look to obtain car title loans in Phoenix – all you require is proof of identification and your car, which is to be registered as collateral.
The general stereotype of menacing and predatory lenders has become outdated, with many professionals entering the business to provide impeccable service to those in need.
As ridesharing services, such as Uber and Lyft, continue to gain popularity – people are quickly turning away from conventional employment and require quick loans to begin on a new career.
In this regard, nontraditional lenders provide an excellent service of ensuring the driver embarks on a new career as soon as possible. With competitive interest rates and minimum requirements, you can quickly rise to become a consumer-favorite rideshare driver in no time!
If you’re asking yourself whether you should buy, lease or rent a car in order to work for Uber or Lyft, it’s advised to do your research beforehand.
The best case scenario for you to begin working for Uber or Lyft is that you already own a vehicle that qualifies for a ridesharing app service. In most cases, people do not have cars that qualify for Uber or Lyft, which forces them to buy, rent, or lease, which can set them back a lot of money.
More often than not, you’ll have to go in debt to be able to work for Uber or Lyft, which is counterproductive for what you’re trying to achieve. For instance, a driver who participated in Uber’s leasing program ended up making $70,000 a year, but $50,000 of that went to Uber to cover his vehicle costs.
Below we will give you a run down as to what your car options are so you can make the decision that best suits your needs.
Having a vehicle doesn’t mean that you can automatically begin working for Lyft or Uber. This is because Lyft and Uber each have different car requirements that vary from state to state.
For example, New York City has some of the strictest laws in regards to being a ridesharing driver because these apps negatively impact the income of other taxi drivers in the city.
Read more: Uber vehicle requirements
Based on the information above, you might be sad to find out that your car doesn’t qualify for Uber. Well, you’re in luck because you could become a Lyft driver since the requirements for this app differs from Uber.
Drivers who have bigger cars can qualify to sign up for Lyft XL, which consists of minivans for groups of five or more people. Keep in mind that Lyft XL costs more than 1.5 times the amount of a standard Lyft, so you might end up making more money driving a vehicle that qualifies as a Lyft XL one.
Moreover, as a Lyft XL driver, you can accept requests for regular or XL rides, so imagine all the options at your disposal.
Those who either have a vehicle that is not approved by Lyft and Uber or simply don’t have a car are forced to think outside the box. You won’t be the first driver to deal with this problem, so you should take advantage of the multiple solutions already available to you.
You have three options to choose from, and depending on your particular situation.
In a majority of cities, Uber partners with both Enterprise and Hertz to equip their drivers with vehicles. The weekly rate for a car rental is a minimum of $180 a week, which is something you have to keep in mind before you sign over your time to Uber.
Before you even pick up the car, the car rental requires a $200 deposit that is returned to you after you hand in the car.
People are often taken aback by the weekly rate for the Uber car rental, but you shouldn’t it be. Uber deducts the rental fee from your paycheck, so unless you didn’t make enough money that week, your expenses for your car should be covered.
You also don’t have to pay for insurance since it is already included in the overall price of the rental. Another perk of renting through Uber is that you have unlimited mileage, which includes personal use. Whenever it’s time for an oil change, that’ll be free of charge as well.
The downside to renting a vehicle is that the option to reserve one in advance might not always be available to you. Whoever gets to the rental car lot first chooses the car. If there aren’t any cars free, then you’re out of luck.
And if you wish to make some more money on the side by driving for another ridesharing app, you can’t do so with a car you rent from Uber.
As of now, Uber offers car rentals through services such as Fair and Hertz, which you may have used in the past for traveling purposes.
– Hertz OR Fair
Driving with a Hertz vehicle means you have to provide a $200 refundable deposit while Fair requires you to pay a $500 one time fee. The upside of choosing Fair is that weekly rates are much lower than those of Hertz. For example, Hertz can cost as much as $200 a week while Fair is $70 cheaper a week.
If you plan on using a car rental for more than a month, then you should rent with Fair since it offers better deals for long-term rentals. Hertz, on the other hand, is ideal for those who aren’t sure as to the length of their rental.
Lyft has their rental vehicle program called Express Drive. Lyft rental program is similar to Uber’s in that in order to access a car; you pay a weekly fee that ranges anywhere from $180 to $235 a week. The payment includes car maintenance, unlimited miles, as well as insurance.
– How Does Express Drive Work?
Express Drive functions to the benefit of Lyft drivers since it will offer drivers exclusive rates on car rentals from Flexdrive or Hertz. To make money off Lyft, the app matches you with people who request rides. Thanks to Express Drive, a portion of your check will go to your weekly rental fee.
You should think of Express Drive as a rewards program for drivers that will give you the incentive to drive more through Lyft. The more you drive, the less your weekly rate ends up being. When you reach a specific number of rides, you can offset the rental cost, which is good news for drivers who want to do this full-time.
Make sure to click on the “Rent Vehicle” option when you’re applying to be a Lyft driver. Those who want to stop using their car can opt out to rent a vehicle only meant for Lyft driving purposes.
Unlike with Uber, Lyft allows you to make a reservation beforehand which saves you time. If there are no cars available, you can try again a couple of hours later because someone is bound to return theirs.
Don’t forget that a refundable deposit is a requirement and that the amount will be specified in your application. Once everything is in order, you simply have to wait for an email from Lyft confirming your pickup time.
A standard car lease is the typical route Uber, and Lyft drivers take if they are in the market to lease rather than to rent or buy. You’ll have to acquire a lease from a private dealership, but you need to read the contract carefully.
Most dealership car leases don’t permit rideshare drivers to use their car for commercial reasons, which includes Uber and Lyft. As an alternative, you could find leasing companies that specifically lease cars to Lyft and Uber drivers. Plenty of these companies have sprung up in the last couple of years, so you won’t have a problem locating a car.
The optimal route to take when it comes for working for either Lyft or Uber would be to purchase a car. Only take this route when you can afford it. It wouldn’t make any sense to take out an auto loan on a vehicle you will use only for ridesharing purposes.
The apparent benefit of owning a car is that it’s yours and you can choose to sell it if you want. Keep in mind that your car won’t be worth what it was when you bought it so prepare to be settled to sell it for less.
Before you dedicate yourself to a profession, you need to find out how much you’ll be earning an hour. On average, rideshare drivers make about $14 an hour, and this is before expenses such as gas, insurance, maintenance, and depreciation. At the end of the day, you’ll probably make about $8 an hour, which is not worth the effort of buying a new car.
Ultimately, owning a car is a definitive way of making a profit off of ridesharing apps such as Lyft and Uber. If that isn’t an option for you, then renting a car from a vendor working with the applications or one that permits you to rent straight from other drivers is the best solution for you.
Renting allows you to give up the car on a weekly basis, so you don’t have to fret about having to pay bills from month to month. The amount of money you’re willing to spend on a vehicle will determine whether you should buy, lease or rent a car for Uber and Lyft.
Whenever there is a problem that needs to be solved within a company and the owners cannot do anything about it, then the only solution is to turn to people that have authority like council at the City Hall. I have been a part of such event before because I had many years of experience as a driver, so I can explain it to you the importance of this rally. First of all, what you need to understand is that every driver and employee of the company you are working for wants the same thing as you do and that is better working standards.
This means that you have to work together to achieve some changes, you alone won’t be able to do anything, but if all of you or the majority of drivers stand together, they can have a really loud message that will be heard across the country. The council at the City Hall is the only place that can make some really huge changes that will affect your future, so if you have an idea that can work, you have to make a proposal for that idea.
The more people you gather to come with you to this even the better will be for the outcome because the council will realize that you are all dealing with a great issue that needs to be solved. They know that if they don’t do something about it, you will never stop complaining and making problems for them. They don’t want to see you protest at the City Hall, so they will do anything to get rid of you all. In some cases, the problem will be solved another way that you didn’t expect it. The key thing is to work together with your co-workers and create a working environment that you are satisfied with.
In most cases, these are very big events where few hundred people are gathering to share one message with the council. The goal of these events is to make some changes to the system that will benefit the drivers in the future.
No matter what type of job that you have you will always find things that annoy you and represent an issue for you. I had a lot of experience working as an Uber driver, so I can tell you about the things that always annoyed me. This way, you can prepare yourself mentally for some of the things that you might face. Driving itself is frustrating sometimes because you have to constantly deal with other drivers on the road that might not be that experienced in driving. One of the first things that I needed to surpass was the frustration that I get from inexperienced drivers. After some time, I was immune to almost everything that other drivers were doing around me, I just avoided every conflict and continue to drive safely. Here is a short list of some other things that you might come across when you start working as an Uber or Lyft driver.
Every passenger will want to get a fast ride to the destination they want, but only a very small amount really understands the reality that is traffic. Some passengers that I had were extremely upset because they didn’t get to their destination on time and they blame the driver. Well, with people like that you cannot even start arguing because they are too stubborn. With some passengers, you might be able to explain that you cannot control the traffic or the sudden roadblocks.
|Tip: Best Time To Drive Uber|
Accidents happen all the time on the road and you cannot predict any of that. Trust me, the longer you have the passenger in your car, the more money you will get, but in some cases, you will want to get rid of them as soon as possible because they will be extremely annoying. However, if you want to make money, then this is something that you have to deal with on a daily basis, especially if you are working in a very populated area.
As a driver for Uber or Lyft, you will have to use their official app in order to get passengers. Unfortunately, these apps will sometimes malfunction, and you will have to fix it in order to continue working.
Being an Uber driver isn’t easy and a lot of people make the mistake of thinking it will be simple and a lot of fun. Don’t get me wrong it can be a lot of fun, but only if you love driving and you are doing everything the right way. Of course, when you first start driving, you will be making all kinds of mistakes and bad decisions, but along the way, you will be learning from those experiences. In this article, you will find all kinds of simple tips that will definitely help you become a successful Uber driver. You can also use these tips and implement them to any other driving job such as a taxi or Lyft driver.
As a driver in general, your main income depends on the number of people you are driving and also from the tips that you get from them. of course, there will be times when you won’t get any extra tip for the ride, but don’t let that discourage you. If you are the very friendly person who is always sharing positive energy with passengers, you will start getting better reviews and tips from passengers. Other than just being polite to people, you can also place all kinds of snacks and water bottles inside your car that the passengers can eat and drink while traveling.
Keep in minds these snacks and water bottles are for them to use for free, so don’t get mad when someone eats or drinks it all. People will appreciate this, and they will give you a great review as well as a good tip. Also, these snacks and drinks can come in handy for you also when you are on a long ride and you don’t have time to eat or hydrate at all.
Take advantage of this app and see where the other drivers are located. Try finding an area where there isn’t a lot of competition and you can make a lot of money this way. Avoiding very popular areas can actually benefit you.