Whereas this enables Uber’s drivers entry to new economic system or mid-sized automobiles, many have famous that the leasing funds are fairly costly, with most drivers paying round $600 a month to lease the automobile. Whereas these are new vehicles, many would be capable to purchase a used automobile for a decrease fee. For individuals who be part of the Xchange program after which determine the month-to-month funds are too excessive, Uber permits them to return the automobile with a two weeks’ discover. They lose the deposit, however they aren’t obligated to make any additional funds.
Xchange has accounted for a excessive variety of leasings in some areas. At one Nissan dealership in Chicago, for instance, Xchange made up 41 % of the dealership’s gross sales in Could. Because of Xchange, the dealership additionally doubled its 2015 quarter one gross sales in 2016.