FlyerTalk Forums - View Single Post - Uber "helps" drivers sign up for $800+ a month, autoloans/lease.
Old Oct 16, 2015, 2:58 am
  #7  
Schweden
 
Join Date: Oct 2013
Location: Montreal
Posts: 586
What's the lease mileage allowance per year? What is the length of the lease term?

While the amount may seem outrageous, you would also have to consider that traditional auto leases prohibit you form using the car as a commercial vehicle so you would default on your lease if the financing company ever found it. Apart from the usurious interest rate, the only other worrying area is that Uber can choose to lower the price of fares and sign up more drivers (which cuts down the lucrative surge pricing earnings), which would severely impact his earnings given his lease obligations.
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