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Home » Ridesharing » How to Rent or Buy a Car for Uber & Lyft: Best Options?

How to Rent or Buy a Car for Uber & Lyft: Best Options?

Updated October 21, 2019 By DougH188 Comments

Want to drive for Uber or Lyft, but don’t have access to a qualifying car? Many drivers will have to buy or rent a car to use for ridesharing jobs. What’s the best choice?

The good news is that you can be approved to drive for Uber or Lyft even if you don’t currently have access to a vehicle. You can apply and see if you pass the background screening before you go through the trouble of accessing a car.

Article Contents
  • How to Rent a Car For Uber
  • How to Rent a Car For Lyft
  • Other Rideshare Rental Options
  • Should You Buy a Car For Uber & Lyft?

When you decide to get a car to drive for Uber or Lyft, is it smarter to buy a car, rent a car, or lease one? And what companies currently offer rideshare rentals? This article covers all of your vehicle options for Uber and Lyft: Upsides, downsides and how to get started.

How Uber and Lyft drivers can get qualifying vehicles

  • Use a car you already own
  • Buy a car, typically a used hybrid or compact
  • Rent a car for Uber through their partnerships with rental agencies
  • Rent a car for Lyft through the Lyft Express Drive program
  • Rent a car through HyreCar, a peer-to-peer service

What types of cars qualify for Uber and Lyft?

Requirements vary among cities, but these are the general Uber and Lyft vehicle requirements:

  • Must have 4 doors and seat belts for 4 passengers
  • 10 years old or newer (in most cities)
  • Must pass a mechanical inspection and be in good cosmetic shape
  • Read more about Uber vehicle requirements and Lyft vehicle requirements

Minivans, SUVs, and entry-level luxury cars qualify for more expensive Uber and Lyft services, so some drivers looking to get a new car may try to find an affordable used minivan, SUV, or luxury car.

How to apply to drive for Uber or Lyft when you don’t have a car

Here’s a common dilemma: You want to drive for Uber or Lyft, but you don’t currently have a qualifying car and you’re not sure if you will pass the background check and driving record check. You want to see if you will be accepted as a driver before you go through the trouble of accessing a car.

Uber and Lyft allow you to apply even if you don’t currently have access to a qualifying car.

Uber: Visit this application and select “I need a car” to find out if Uber will hire you without having to provide vehicle information on the application.

Lyft: Start driving with Lyft here. Select “I need a car” to apply with the Express Drive program. I may receive a bonus from Uber or Lyft if you sign up using my link.

Find the Cheapest Insurance Quotes in Your Area

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Best solution for part-time drivers: Use the car you already own

If you already own a car that qualifies for Uber, use it! Your car payment, if you even have one, will almost always be lower than a lease or rental payment. Even accounting for vehicle depreciation, it can be wise to use the car you already own as long as you don’t drive full time.

For full-time drivers putting 1000+ miles on their car each week, rideshare rentals may be the best option. At that point, vehicle depreciation and maintenance become major expenses.

The only exception to using your own car might be if you’re investing in an Uber Black vehicle and commercial registration and insurance. If you just want to drive for Uber X, XL, or Lyft XL or Premier, use what you already have.

  • Uber vehicle requirements – See if your car qualifies for Uber
  • Lyft vehicle requirements – See if your car qualifies for Lyft

How to Rent a Car Through Uber and Lyft Vehicle Rental Programs

Both Uber and Lyft now partner with rental companies to provide weekly rental cars in many cities. With an Uber or Lyft rental, you pay a weekly fee to rent a newer model car. Insurance and unlimited mileage are included in the weekly cost of the rental.

One limitation to remember is that you can’t use your Uber rental to drive with Lyft, or your Lyft rental to drive for Uber. Drivers who use a personal vehicle don’t have that limitation.

Upsides to renting: You can try driving for Uber and Lyft without having to purchase your own car. Insurance is included, so you don’t need to have your own insurance. You can get approved for some rentals with no credit or bad credit.

Downsides to renting: Very high weekly cost. Not available in all cities. Rentals are in high demand, so it can be hard to get a car in busy cities.

How to Rent a Car For Uber: Uber Rental Programs

Uber currently partners with Hertz, Getaround, and Fair in many cities across the country to provide rental vehicles for Uber drivers. What are the main differences between the two offers?

  • Hertz rentals for Uber: $200 refundable deposit, weekly rates around $200 per week
  • Fair rentals for Uber: $195 per week, $195 refundable deposit
  • Getaround rentals for Uber: Rent cars by the hour with Getaround, a peer-to-peer vehicle rental network. More about Getaround

Basic facts about Uber rentals

  • Cost of rentals for Uber is $195 per week and up
  • To qualify, you first need to sign up to drive and pass background screening
  • Select “I need a car” when you sign up for Uber to begin the rental process
  • A deposit is required, typically equal to one week’s rent
  • The deposit is returned after you turn in the car
  • The rental fee is deducted from your weekly pay
  • Insurance is included price of the rental
  • Unlimited mileage. Personal use is allowed
  • Routine maintenance is included
  • You can’t always reserve your car in advance. First come first served
  • You can only use your Uber rental to drive for Uber

How to see which Uber rental options are available to you

Uber rental options aren’t the same in every city. To see what is available to you, open the Uber Driver app, tap on your profile image, then Account, then Vehicles. A button labeled “View Rental Options” should appear. Tap that button to see a list of all rental options in your area.

How to view uber rental options in the driver app

Find available rental options in the Uber Driver app

An example listing of Uber rental options

The rental options available to me in Los Angeles

How to Rent a Car for Lyft: The Lyft Rental Car Program

Lyft offers a vehicle rental program for drivers called Express Drive. Much like Uber, you pay a weekly fee that includes unlimited miles, insurance, and vehicle maintenance. Currently Lyft partners with Hertz and Flexdrive and the cost of Lyft rentals is around $200 – $240/week. You rent the car on a weekly basis, and renew the car each week or return it. You can only use your Lyft rental to drive with Lyft.

  • Is renting a car from the Lyft Express Drive program a good idea?

Express Drive cost and Rental Rewards in Orange County, CA

Can you use an Uber rental for Lyft, or a Lyft rental for Uber?

No. You can only use a rental from Uber to drive for Uber, and you can only use a rental from Lyft to drive with Lyft. The rental agreements for both Uber and Lyft strictly prohibit using the vehicle to drive for another platform. It is a major limitation of the vehicle rental programs because it’s often most profitable to drive for both companies.

These rideshare rental platforms allow you to use a rental vehicle for more than one platform:

  • HyreCar
  • Maven Gig

Other Rideshare Rental Options

Many drivers choose to rent vehicles through Uber and Lyft, but there are several third-party companies that also offer rentals for rideshare drivers.

HyreCar, a Peer-to-Peer Rideshare Rental Service

HyreCar is a vehicle marketplace that allows you to rent Uber-approved vehicles from private owners and use the car to drive for Uber.  After you create a HyreCar account and show them that vou’re an approved driver, HyreCar gives you the registration and insurance information you need to add the rental car to your Uber account. They also provide insurance for you as soon as you take possession of the rental. It’s a good option if you want to try Uber before you buy a car, or if you need a car temporarily.

  • HyreCar 101: Step-by-Step Guide to HyreCar

I am affiliated with HyreCar. I receive incentives to link to their service.

Maven Gig: Rideshare & Delivery Rentals

Maven Gig is a vehicle rental service for rideshare and delivery drivers that allows you to rent a car and use it on any platform you’d like. You can use it for Uber, Lyft, delivery apps, or any other on-demand app. Like other rental options, you pay a fairly high weekly fee that includes unlimited miles, insurance, and maintenance.

  • How to use Maven Gig to rent a car for Uber, Lyft, and delivery apps

Getaround: Hourly & Weekly Rentals (Uber Only)

Getaround is a peer-to-peer vehicle rental service that rents cars for Uber drivers. Renters can rent the vehicle by the hour or by the week. Getaround uses technology that allows renters to find and get inside the car with a smartphone, so you never have to meet up with the vehicle owner to hand off car keys.

Getaround for Uber is currently available for drivers in Atlanta, Boston, Denver, Los Angeles, Philadelphia, San Diego, San Francisco, Washington D.C., and Portland. Sign up for Getaround here. I am affiliated with Getaround, and I may receive a commission for referring you.

  • What it’s like to rent a car with Getaround

What’s the Difference Between Uber Rentals, Lyft Rentals, and Other Rideshare Rentals?

Now that there are several rideshare rentals options, it’s hard to keep track of all the benefits and drawbacks of each service. The table below shows the features of each major rideshare rental service to help make it easier for you to see which one might work for you.

 UberLyftHyrecarMaven Gig
Price~$200 per week and up~$200 per week and up~$30/day and up, $200/week and up~$199 per week and up
Deposit$200 refundable for Hertz, $500 non refundable for Fair$250 refundable$200 refundableNone, rental fee is held on your car in advance
Rental PeriodWeeklyWeeklyDaily, weekly, or monthlyWeekly, up to one month
Insurance$1000 deductible$1000 deductible$2500 deductibleLiability included, collision coverage optional
Use for other services?NoNoYesYes

How to Rent a Car For Uber or Lyft on Craigslist

Some vehicle owners rent their vehicle to Uber and Lyft drivers on Craigslist. The car will already be registered with Uber, and the owner will have to list you on the vehicle insurance policy. The vehicles are typically owned by fleet owners looking to hire drivers. This is a common way to drive for Uber Black.

How to rent a car for Uber on Craigslist

  • Search your local craigslist for “Uber rental” or similar keywords
  • Contact the owner and review any offered leasing arrangement
  • The vehicle owner will then add you to both the vehicle’s insurance policy and their Uber Partner account
  • If you haven’t already, you will have to undergo background screening

Renting via Craigslist is one way to get experience driving for Uber without having to make a big investment in a new car or figuring out the complexities of becoming and Uber Black driver.

Should You Buy Your Own Car to Drive For Uber & Lyft?

Owning your own car to drive for Uber can be the cheapest option, with fewer restrictions than leases and weekly rentals. The car will be yours to do with as you want, and the monthly payment will almost always be cheaper than the monthly cost of rentals.

If you decide that buying your own car for Uber is the way to go, buy the type of car that can realistically make you money with current Uber rates: An older used car in great condition that costs $5,000–$15,000 will be nice enough to please your riders and won’t dig too deeply into your weekly ride earnings.

Always make sure to closely check Uber vehicle requirements before you purchase a car, and email Uber just to make sure your car qualifies, especially if you’re aiming to use your car for UberXL or Lyft XL/Select.

Good auto loans — If you decide to buy a car

If you decide that buying a car to drive for Uber is right for you, it’s worth taking a moment to compare a few different auto loan options. In my own search, I’ve found that these are a fast and easy way to get a sense for the kind of cars and loans you can qualify for.

  • 1-800 Auto Yes - One-step application process

The links above are my affiliate links. I may receive a commission for referring you.

Upside: You’ll own the vehicle, so you can use it as you wish, sell it whenever you want
Downside: If the vehicle is too expensive and Uber isn’t very lucrative in your area, you might get stuck with a car payment you can’t afford

Don’t buy a car until you’re approved to drive!

Some readers have gone out and bought a car before they were approved to drive by Uber or Lyft. In a lot of cases, these people were confident they could pass the driving record check and background check, so they went ahead and got the car before Uber approved their application. Then something happened in the application process — delays, or a rejection — and now they’re stuck with a car payment that they may not be able to afford. Don’t put yourself in that position.

Get approved to drive before you get the car! The initial application process — providing your personal info and passing the background check — should only take a few days, or up to a week. Apply and find out if you’re approved to drive. Both companies now have a “I need a car” option when you sign up, so you won’t need to enter vehicle information to complete the application. You can figure out how to get the car after you’re approved.

  • How to contact Uber
  • Rejected from Uber: Can you reapply?

Is it Worth Buying a Car Just to Drive For Uber or Lyft?

Buying a car exclusively to drive for Uber or Lyft is a big investment that may not pay off if your area isn’t busy with ride requests. According to my research about how much Uber drivers make, you should expect to make around $10–$20/hour after expenses. Many drivers are able to make money with an affordable used car ($10,000 or less), but other drivers who splurge on a more expensive model find that it can become a breakeven or a loss.

Try before you buy: If you’re new to Uber and you’re not sure how strong the local market is, try renting a car through HyreCar or Getaround to see if the job is right for you.

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Originally Published July 30, 2018
Filed Under: Lyft, Ridesharing, Uber

Comments

  1. Wlliam Brewer says

    November 8, 2019 at 12:39 am

    Need car for Lyft would like to rent

    Reply
    • DougH says

      November 8, 2019 at 9:47 am

      Check out their Express Drive program.

      Reply
  2. Amanda Mitchum says

    September 17, 2019 at 2:08 pm

    Great info for newbies! Thanks for the in-depth post!

    Reply
  3. Hikmatyar says

    August 20, 2019 at 5:30 am

    Can you still apply for uber if you have 6points on your driving license?

    Reply
    • DougH says

      August 20, 2019 at 10:14 am

      Most likely not, but you can still try

      Reply
  4. Ronald says

    April 24, 2019 at 2:27 pm

    Do Uber have the rental car program in Phoenix Arizona

    Reply
    • DougH says

      April 25, 2019 at 11:22 am

      I don’t think so. Check out this page and follow the links in the Vehicle Partners section. None list Phoenix

      Reply
  5. Sie says

    April 4, 2019 at 12:05 pm

    In New York City Uber is not open to drivers, do you know if this will be changed.

    Reply
  6. Tracy Mortensen says

    March 27, 2019 at 4:01 pm

    Iv already been approved for lyft but no cars are ever available. What the best way to rent a car

    Reply
    • DougH says

      March 27, 2019 at 4:45 pm

      Check each morning. Also look into HyreCar and Maven Gig.

      Reply
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