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:
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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:
- 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.
- 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.
