Uber and other ride sharing services offer drivers a great way to earn additional income. When deciding on how to finance your Uber car, it is helpful to know that you can find a low rate Uber car loan to get your business started quickly and within budget.
Lending criteria for borrowers working in the ride sharing industry is more specific. It helps to get National Finance + Loans on your team because we will discuss your individual Uber car loan application with lenders who have lending criteria suitable to give you fast approval.
The lending criteria for Uber car loans is slightly different compared to other car loans due to the higher risks associated with the industry. We've done this a few times so our team can guide you through the process of getting a car loan for Uber. We can help position your application to get approved and so you can start earning!
Although Uber offers driver finance and leasing options, be sure to read the fine print! These options often come with a higher interest rate and less flexible repayment options. You are likely to end up saving if you do some research and give yourself a few different options.
Our teams are knowledgeable and experienced in finding different types of Rideshare car loan solutions from our panel of over 20 lenders. Our panel of lenders includes banks (both big and small), non-traditional lenders, and peer to peer lenders. This means we can help you find low rate loans that you might not see advertised.
An Uber car loan is a car loan for Uber drivers, and drivers of other ride sharing services. Uber car loans have slightly different lending criteria so it helps to know which banks and lenders may have the product that is right for you and your unique situation.
Your monthly payment figure is calculated using the latest competitive bank interest rates. In most cases a deposit of approximately twenty percent of the purchase price of your new or demo vehicle will be required. This twenty percent can be made up of cash and or trade of your old vehicle. The loan term offered will be from one to four years. No final or balloon payment is required, you will OWN the vehicle after the four years
Our Rideshare finance options enable you to OWN your vehicle at the end of the loan term. You have the option of a one to four year loan term. There are no final balloon or lumpsum payments at the end of the loan term. This will mean you have acquired an asset you can sell or perhaps trade in for an updated vehicle
Nearly all vehicles are eligible for our rides hare finance options, however, the vehicle must be NEW or a DEMONSTARTOR model. This provides you with the flexibility of the vehicle being used for your own family and other work commitments. Car manufacturers are releasing more models of vehicle than ever before so why not choose a vehicle that is best suited for multiuse
You must be a holder of an ABN which in most cases must be GST registered. It can be a new ABN if required
Our Rideshare loan products also provide scope for vehicle modifications and conversions to be finance. This will assist for those drivers working in a niche market
Ready to get your business moving with a new car? Get National Finance + Loans on your team. Ask questions or apply today by phone, online or in person.