Uber & rideshare car loans
Get expert advice before taking out a rideshare car loan
Rideshare services like Uber can be profitable side hustles. But you need a set of wheels to do the job. So it can seem more convenient to go with the financing or leasing options recommended by Uber.
But convenience often comes with strings attached. These options may come with higher interest rates and less flexible repayment terms. That means you’ll pay significantly more over the life of your loan.
Don’t settle for second best. Our experienced team can save you money by giving you more loans to choose from. We help you compare rates and terms, so you’ll find the right rideshare car loan that suits your unique situation.
Get on the road faster by speaking with our team today.
Get a better deal on an Uber car loan
Our team regularly helps Uber drivers get a better deal on their finance. That’s because we work with over 30 lenders so can match you with the right loan for your needs.
In most cases, these loans require a deposit of around 20%. This can be cash, trade-in of your old car, or a mixture of the two. In exchange, you’ll get a competitive interest rate and a loan term that works for you with no final balloon or residual payment to worry about. The best bit? You’ll own the vehicle once the loan is paid.
Find your better deal today by speaking with our team today.
Own your own rideshare car
You usually have three options when it comes to getting a rideshare car: leasing, rent-to-buy, and finance.
The biggest downside of leasing is that you will never own the car, even though you’ve made regular payments. With rent-to-buy, you’ll end up paying significantly more than the car is actually worth to own it. So if you want to own your car, finance may be your best option.
Our rideshare car loans never come with balloon or residual payments attached. So once you’ve made your last repayment, the car is yours.
Get started by speaking with our team today.
Choose what you want to drive
Seen a car you like but not sure if you can finance it for Uber? As long as it’s new or a demo model, you probably can with our rideshare car loan options. Got a family or another job to do? You’ve got the flexibility to choose a vehicle that suits these needs too.
Modify or convert your rideshare vehicle
One of the downsides of rent-to-buy or leasing a rideshare car is that you don’t have control over the vehicle. That means you can’t convert it even if it makes business sense. Our rideshare products give you that control so you can modify the car if you need to.
Get started by speaking with our team today.
Get your rideshare vehicle faster
Lenders often view rideshare car loans as riskier than other car loans, so their lending criteria is more specific. We’ve helped many Uber drivers, so our team can guide you through the process. We know which lenders to approach and can position your application so it gets approved faster.
Just starting out and need a car loan?
Rideshare drivers are self-employed, so you need to be an ABN holder. In most cases, you must also be GST-registered. But don’t stress if you’re a new ABN holder. We can get you finance too.
Avoid damaging your credit rating
The criteria lenders use to assess your application as a rideshare driver is different than if you wanted a car loan. So your chances of being rejected if you go it alone are often higher. An unsuccessful car loan application could damage your credit rating.
Avoid rejection by speaking with our team today. We know who the most suitable lenders are and regularly help rideshare drivers arrange finance.