Uber drivers can now lease cars through uber... But prices look insane!!

S2007S said:
What many people don't understand about leasing is that if you sign an agreement where you are only allowed 10,000 or 15,000 miles a year and go over that amount that they think they have to pay the .15 cents or .25 cents for each mile they go over......you don't ....I know people who have leased including myself that if you go into a new car lease after the 36 month term is up they will wash away any miles over the miles you signed for at the beginning of the lease....of course if you decide to not lease again yes you will be charged for the overage on the odometer... But stay with the same company and hand in a car with 4500 miles over the limit you signed for and they will gladly look the other way.
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They don't look the other way, they tack that amount on to your new lease....
Rarely if they want to sell you a car desperately ( IE the car you selected has been on the lot a very long time or a model that is just not moving eg Pontiac Aztek )they may deduct that amount out of their profit but that is a very, very rare instance.
 
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S2007S said:
$650 is insanely high...I mean off the charts high...like higher than Dow 18000 high....
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Yes, it's high, and it's being compared to sub-prime leasing.

UBER is basically a public service. These drivers paying $160/week for a Corolla are barely making minimum wage when all factors are considered (see Bloomberg link) .

Once the infrastructure is built and autonomous cars become reality, UBER will no longer require their "indentured servants" to participate.

http://www.bloomberg.com/news/artic...ase-machine-where-almost-anyone-can-get-a-car
 
ScalperJoe said:
Yes, it's high, and it's being compared to sub-prime leasing.

UBER is basically a public service. These drivers paying $160/week for a Corolla are barely making minimum wage when all factors are considered (see Bloomberg link) .

Once the infrastructure is built and autonomous cars become reality, UBER will no longer require their "indentured servants" to participate.

http://www.bloomberg.com/news/artic...ase-machine-where-almost-anyone-can-get-a-car
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That's what I was thinking...the amount they have to make to just cover the expense of the vehicle is crazy...you would have to earn about $900-$950 before taxes to afford that car....that's ludicrous... Anyone thinking $160 a week for a corolla is a deal is an idiot....I could lease that corolla with maybe $500 out of pocket and about $199 a month....
 
dealmaker said:
They don't look the other way, they tack that amount on to your new lease....
Rarely if they want to sell you a car desperately ( IE the car you selected has been on the lot a very long time or a model that is just not moving eg Pontiac Aztek )they may deduct that amount out of their profit but that is a very, very rare instance.
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Unless you aren't paying attention to your new monthly cost of your new lease after you turn in the old one then yes ....if I trade in my car and I was paying say $250 a month and the new lease is the same car for say $289 then yes I know they are trying to some how make up for the overage on the odometer....I would make sure to roll into a new lease with the same monthly figures.
 
S2007S said:
Unless you aren't paying attention to your new monthly cost of your new lease after you turn in the old one then yes ....if I trade in my car and I was paying say $250 a month and the new lease is the same car for say $289 then yes I know they are trying to some how make up for the overage on the odometer....I would make sure to roll into a new lease with the same monthly figures.
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Best of luck to you....
 
S2007S said:
All I know is that you can lease a Toyota Camry for about $225-250 a month...with maybe $500 out of pocket..$650 a month gets you into a Mercedes E-350 an Infiniti Q70 ....a BMW 5 series an Audi A6...
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...I'd rather just buy a Porsche 911 :p:cool:
1999, black. only 73K miles. $18K (quite a steal, for a car that originally costs $90K brand new)

617a93188f_640.jpg
4f4d0c3c4a_640.jpg

http://www.ebay.com/itm/322137086573
i've been eyeing this car for a while. there are quite a few much cheaper then this, but i like this configuration.
(sorry for kind of deviating from the thread topic)
 
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lawrence-lugar said:
...I'd rather just buy a Porsche 911 :p:cool:
1999, black. only 73K miles. $18K (quite a steal, for a car that originally costs $90K brand new)

617a93188f_640.jpg
4f4d0c3c4a_640.jpg

http://www.ebay.com/itm/322137086573
i've been eyeing this car for a while. there are quite a few much cheaper then this, but i like this configuration.
(sorry for kind of deviating from the thread topic)
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For a 1999 model that Porsche has a timeless look to it...the cost to repair might be the only thing I would worry about though.....also scary to see how $100k+ cars are worth less than 1/2 their value after 5-7 years . especially the BMW 7 series which literally tanks in price after 5 yrs.
 
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