Discover latest Indian Blogs Visit BlogAdda.com to discover Indian blogs

Tuesday 4 October 2016

Comparison Of All Rideshare Rental Options



As one of the most successful business model, Uber has created astounding opportunities for driver partners. Most importantly, this unique platform offers incredibly flexible income opportunities for numerous individuals. With Uber, they have the option to earn more money alongside their 9-to-5 gigs. A majority of driver-partners also choose Uber as a mainstream job option, and it’s nothing other than the flexibility of the platform which makes it happen.
Since its emergence, Uber has seldom failed to satisfy its users and partners. By ensuring a unique rideshare experience for both passengers and drivers, this particular platform has revolutionized road trips like never before! From taking a joyride to going for work, there’s an Uber for every action.
Latest announcements
When it comes to vehicle options, Uber surpasses all its contemporaries. With the launch of “Uber X-Change Leasing Program’ in the year 2015, the cab sharing business arena experienced quite a few changes. New entrants in the taxi-sharing business are coming up with diverse vehicle options for driver partners.
These options have been popular amongst drivers, which has provided Lyft and Uber the impetus to launch rideshare rental programs. On that note, let’s get down to discussing the importance and benefits of these rideshare rental solutions. Take a look!
Benefits of rideshare programs
When it comes to discussing the advantages of rideshare rentals, you will come across the following options:
  • Lack of car research hassles
  • No associating with dealerships
  • No price bargains
With these amazing benefits, rideshare rentals will bring great news for Uber drivers in uber clone app. If market reports are anything to go by, both Lyft and Uber have invested in profitable and meaningful partnerships. While Uber has chosen ‘Hertz’ and ‘Enterprise’ as its rideshare rental partners, Lyft opted for ‘Hertz’ alone.
With that brief introduction, let’s dive headlong into discussing some of the most popular rideshares rental options.
What makes rideshare options special?
Rideshare companies are making life quite tough for driver-partners. A majority of drivers are finding it really difficult to own and operate rideshare vehicles. As if this wasn’t enough, rideshare business models have further planned to increase their pain points. With reduced fare costs, Uber drivers are also earning less.
Although Uber wishes to promote its customer-centric business model, things become worse for the drivers. Owning a complete vehicle has its fair share of benefits that include:
  • Excessive stress of bearing high operational costs
  • Vehicle maintenance costs associated with regular wear-and-tear
  • Driver retention problems
Such grave issues undoubtedly create the demand for a unique alternative. And it’s here that rideshare rentals emerge as the best solutions. Let’s turn to their benefits, shall we, for a detailed insight into the matter.
Knowing the benefits
When owning a vehicle seems to be a tedious task, rideshare rentals emerge as the best options. Here’s why they prove to be better than owned Uber vehicles:
  1. Easy Payments: Rentals take away a lot of stress when it comes to calculating operational costs. Drivers don’t even need to think or worry about vehicle depreciations or wear-and-tear. All they need to do is pay weekly charges.
  2. Easy returns: Once the ‘honeymoon period’ gets over, many drivers plan to leave Uber. Rentals offer them the opportunity to do so, whereas owned vehicles bind them for at least 2 to 3 years lease. With the former option, you will have the opportunity to return the vehicle and leave the platform.
  3. Access to efficient drivers: Rentals also create amazing opportunities for seasonal drivers such as part-timers, students, and professionals. Their entry into the Uber business arena will increase the number of vehicles thus adding to revenues earned by the company.
  4. Performance Testing: With the best rideshare rentals, drivers will also have the chance to put their vehicles through performance tests. You come to know how different vehicles perform in diverse road conditions and situations.
The following benefits speak a lot about the significance of rideshare rentals. When it comes to Uber, tax deductions emerge as highly crucial aspects.
Understanding tax payments
When it comes to choosing rideshare rentals, drivers must develop crystal clear ideas of tax payments and deductions. ‘Leasing and renting’ are included in separate tax calculations. If you are going for it, you will have to sacrifice Standard Mileage or IRS Deductions of around $0.54 per mile. You will have your actual expenses deducted, once you start working for rideshare platforms such as Lyft and Uber.
Drawing comparisons
With Uber leading the pack, quite a few rideshare rental options have achieved immense popularity amongst users. Let’s do a comparative analysis of their solutions.
  1. Enterprise-and-Uber rideshare rentals
With services in New Jersey, San Diego, Boston, and other areas, the Uber-Enterprise partnership continues to be important and popular until this day. Breeze through the following points for detailed ideas.
  • $250 refundable deposits
  • Enterprise handles management tasks
  • Unlimited mileage
Charges for rentals are around $215 along with minimal startup or signup fees.
  • Vehicle types available: The vehicle options available in this partnership include Toyota, Nissan, Corolla, Chevy Cruze, and several others.
Another remarkable partnership is between Uber and Hertz.
  1. Uber-Hertz partnerships
Hertz captures attention and grabs eyeballs by bringing down rental charges to $180/week. The permissible upper limit for rental vehicles will be around 28 days. Depending on the specific interpretations and understanding of these companies, you will have to choose amongst Corolla or Toyota.
  1. GM Express Drive-Lyft
On that note, it’s high time to know about the Lyft Rideshare rentals. Lyft partnered with GM Express Drive thus developing a new alliance. While using this platform, you will have to take additional care of quite a few aspects.
Pricing options: When it comes to paying per week charges, all you have to do is pay around $149. However, the costs will be dependent on the vehicle options. You will have to pay nominal fees for Sedan and exorbitant fees for crossover SUVs.
  • Vehicle maintenance: Maintenance needs are handled jointly by the Lyft and Express Drive
  • Deposits: Might be refundable upon completion of the first ride
  • Rental Period: Depending on market needs and forces, a rental period can be anything between 4 to 52 weeks
  • Expensive platform: You can’t use these options on another platform. Even if you stick to the platform, operational costs will come down. Apart from the ones mentioned above, here are some additional rideshare rental options.
  1. Lyft-and-Drive-and-Hertz Rent Program
Whether you wish to offer weekly or hourly rentals, the best business models will extend complete support. Users will also have the option to choose startups venturing into this particular market. Let’s take a look at the most popular name:
  1. Hyrecar
Hourly rental services with EverCar
Although these platforms offer distinguished services and features, they also share a common aspect. Flexibility and convenience are the two main factors in this context.
  1. Signing off
As rideshare rentals are new to the market, they are a bit costly. However, the investment seems to be worthwhile. With the most reliable and unique rideshare solutions, driver partners will be at the beneficial end. They will find the best alternatives to traditional ownerships. Whether its cab app driver or uber clone script, principles will remain the same.
With numerous driver-partners joining in, rideshare rentals are already heading towards unprecedented growth and popularity.