Uber, valued at over $60B has proven itself to be a profitable business for registered Uber drivers. However, not every intending driver can afford the vehicles required for some Uber services. There exist other options for acquiring vehicles to help drivers run their Uber businesses that would not significantly affect their take home pay at the end of the day. In South Africa, there are location specific options for drivers who want to lease or rent a car for their Uber business. These car leasing options will help drivers make a reasonable amount of money despite the fact that they are not using their private cars. This post will be focused on providing Uber drivers with options for car leasing in Johannesburg.
Leasing with WesBank
For car leasing in Johannesburg, WesBank seems like a great option. With WesBank, you have a low-fixed cost and a variable rate per km (P.O.A). The initiation fee is about R3,420 and the deal lasts for 36 months. Drivers traveling 5,000km per month can expect to pay from R1, 700 per week for a brand new vehicle of their choice. Only drivers who will be using this vehicle as their ONLY VEHICLE will be able to qualify. You will not be allowed to use a WesBank vehicle if you already have an active vehicle with the exception that the leased vehicle acts as a replacement for the active one.
What’s more, drivers with bad or no credit history can also apply (although subject to review). You also have insurance and maintenance cost covered for you. With few easy steps, you can complete the application process. Begin by filling the form on this page, then you wait for WesBank to review and provide feedback on the outcome of your application – this takes about 14 days. If successful, you will then proceed to choose your preferred vehicle type, vehicle colour, sign your lease agreement and pay the initiation fee. Once completed, you go on to upload all your documents to the Uber application site and you are set.
Other Options for Car Leasing in Johannesburg
With UberFinder, you have rates as low as R1/per km, a wide range of car models, and you are covered in case there is an accident, Minimum term – 30 days.
With FleetData, you have an offer that requires just R6,000/month and R0.80/km (FREE 5,000km each month). Your car models can be a Chevrolet Cruze or similar. You have a cover in case of accident, and a minimum term of 90 days.
With Pace, you have R5,600/month and R0.45/km, accident cover included, and a minimum term of 180 days. Your vehicle options with Pace include the Nissan Almera or a Toyota Corolla Quest. Please note that this option is open to active drivers only.
Hertz provides you the same range of cars but with a price range starting from R6,000/month and R0.40/km, accident cover and 30 days’ minimum term.
Europcar is different because they do not provide accident cover. The price stands at about R5,800/month and R0.40/km, with 30 days’ minimum term for a Toyota Corolla or similar.
The last time we did an estimate of Uber driver earnings, we reported driver earnings estimate in Johannesburg as R540, 172. This means that the most expensive of the rental services would take out R72, 200 per year, which is less than 20% of driver’s yearly income. You would consider this a good deal for someone without a car.
And that’s all there is to know about the top Uber leasing programs in South Africa!
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For our blog posts on other Uber Services, see the links below:
- Top Leasing Programs For Uber Drivers and Entrepreneurs
- An Introduction to Different Uber Services
- Uber Car Requirements: 420 Uber Black Cars Analyzed.
- Uber Car Requirements: 90 Uber SUV Vehicles Analyzed.
For other popular posts you might be interested in, check the links below:
- How Much Do Uber Drivers Make?
- How to Verify Your Uber Revenue
- How to Find the Highest UberX Fares
- Uber Customer Service (297 Cities)
- How to Become an Uber Driver