Uber, a “disruptive technology” that has changed peoples’ lives with app-based ride sharing, keeps stirring the pot by creating new opportunities for its drivers that some say are not in drivers’ best interests. The latest wrinkle in this saga is the San Francisco, Calif.-based company’s decision to offer direct car leasing to its drivers.
Uber will lease cars to drivers through a subsidiary called Xchange Leasing. Unlike most multi-year leases that have fees for early termination, drivers who participate in Xchange for at least 30 days can return the car with only two weeks’ notice, and limited additional costs.
The program allows unlimited mileage and the option to [...]