Getting an Uber approved car can be very costly for intending drivers and most shy away from regular car finance programs because of high rates. With this in mind, Uber has partnered with Xchange leasing India to help Uber drivers secure cars for their Uber businesses at affordable rates. Now called Uber Xchange, leasing India, the rideshare service structured the leasing program and tailored it specially for Uber drivers/partners in the Indian market. The Uber Xchange leasing program can also be found in other places round the world.
How it Works
Drivers who wish to get in the Uber xchange leasing program have to make a very low security deposit of about Rs. 30,000 per month. This is really low compared to all that drivers have to pay in the case of regular car finance. Also, preventive maintenance, Insurance, Registration and all permit and taxes are taken care of by Xchange Leasing. Payments are collected weekly and you do not have to visit the office to make your payment.
A significant benefit of using Uber Xchange leasing is that the vehicle ownership transfers to the drivers after 3 years / 4 years (This is optional). Drivers also get 4 weeks rental exemption per year and a zero depreciation bumper to bumper insurance. What’s more? Drivers get phone support that ensures proper guidance anytime you need it. There are no mileage caps with Uber xchange leasing.
For more info about Uber xchange visit the Uber office in Delhi: SCO 300, Sector 29 Gurgaon. POC – Naveen Kumar 8447525628. You can visit anytime between 10am and 4pm.
We contacted Uber to verify documents needed to signup for the Uber Xchange leasing program and they provided the following details:
Drivers/Partners have to provide the following:
- Address Proof ( Current & Permanent )
- PAN Card
- Aadhar Card
- One Photograph
- Bank Statement for past month
- Valid Commercial Driving License
- Rental Agreement
- Electricity bill
Things to Note
To signup for this service, interested drivers/partners must only drive with Uber and no other rideshare or taxi service. Also the leasee must be the only driver of the vehicle and no other.
Its obvious that this program was designed with Uber partners in mind. To enjoy this mouth-watering offer, please visit the closest Uber office to you for more information.
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For our blog posts on some of Uber’s Services, see the links below:
- How to Become an Uber Driver (in India)
- List of Approved Cars in Surat, India
- List of Approved cars in Pune, India
- List of Approved Cars in New Delhi, India
- List of Approved Cars in Nagpur, India
- List of Approved Cars in Mumbai, India
- List of Approved cars in Kolkatta, India
- An Introduction to Different Uber Services
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
- How to Become an Uber Driver (In the US)
- Uber Customer Service