Finder makes money from featured partners, but editorial opinions are our own. Advertiser disclosure

Financing a car for Uber

Buying a car may be the best long-term option, but it's a big commitment.

Driving for Uber is one way to supplement your income from another job — or as a main job if you like to work on your own schedule. While the company recently ended its financing and leasing programs, you still have other rental and financing options to choose from.

Why did Uber end its financing or leasing programs?

Uber discontinued its financing program in 2017, when it was reported that many drivers struggled to earn enough money from driving to pay for the high monthly payments and outstanding interest rates from their car loans.

Similarly, Uber sold its leasing program Xchange to Fair in 2018 after reportedly losing $9,000 per car on average. While Uber mentions a fleet program on its website that involves driving a car belonging to someone else, there isn’t any further information on how this works.

How can I get a car to drive for Uber?

If you don’t currently have a car and need one for personal use as well as for your side hustle, you may want to consider buying or leasing your own car. Buying a car could cost you anywhere from $15,000 to upwards of $50,000, while leasing would likely run you at least $200 per month with an extra amount due at signing.

While independently buying or leasing may cost you more up front, it gives you freedoms you wouldn’t have if you were renting. These include the option to customize the car to your liking without paying any extra fees.

Can I rent a car for Uber?

Yes, but you’ll need to rent from one of Uber’s partners. Options include hourly, daily, weekly and monthly rentals.

Compare your car loan options to drive for Uber

Name Product Filter Values Minimum credit score APR Loan term Requirements
LightStream Auto Loans
Good to excellent credit
2 to 7 years
Must have a good to excellent credit profile, be a US citizen or a permanent resident with a valid green card, have a valid Social Security number, credit card verification requested upon loan approval and have a valid US address.
Quick car loans from $5,000 to $100,000 with competitive rates for borrowers with strong credit.
Varies depending on the lender
3 to 6 years
Varies depending on the lender
Go to site
CarsDirect auto loans
No minimum credit score
Varies by network lender
Must provide proof of income, proof of residence, and proof of insurance.
Save time and effort with this lending service specializing in beginner-friendly or subprime car loan.
No minimum credit score
3.9% to 27.9%
1 to 6 years
18+ years old, annual income of $4,000+, no active bankruptcies
Get pre-qualified for used car financing and receive competitive, personalized rates.

What are Uber’s vehicle requirements?

While it’s up to you to decide which type of car to drive for Uber, there are several requirements it needs to meet:

  • Model year less than 15 years old
  • Four doors
  • Carries at least four passengers
  • In good condition with no missing pieces or cosmetic damage
  • Not salvaged, reconstructed or rebuilt
  • No commercial branding or taxi paint jobs
  • Driver must be listed as an insured driver if using a vehicle you don’t own

Should I buy or rent a car?

Whether you rent a car or buy or lease your own car to drive for Uber depends on your personal situation, including your budget and goals.

Consider renting a car to drive for Uber if you…

  • Don’t want a long-term commitment.
  • Don’t want to be responsible for maintenance.
  • Can’t afford to buy or lease a car just yet.

Consider financing or leasing a car to drive for Uber if you…

  • Want a long-term commitment with one car.
  • Want to use the car for personal use as well.
  • Can afford it, as it saves you more money in the long run.

I got a car to drive for Uber. What’s next?

If you have a car that fulfills all of Uber’s vehicle requirements, you’re ready to sign up. Either download Uber’s mobile app or go to its website to begin the process. The application will ask for your contact information and Social Security number. You’ll also need to upload a photo of your driver’s license, vehicle insurance card and vehicle registration for the background check.

Uber is again open to new drivers in New York City

As of December 2022, Uber is accepting applications from drivers in New York City either full time or part time. Go to the Uber website to see the latest opportunities.

What documents will I need to apply?

Uber requires new drivers to provide the following documents:

  • A valid US driver’s license issued within at least one year
  • Proof of residency
  • Proof of insurance — only if you’re driving your own car

You may be asked to provide additional documentation depending on where you live.

Bottom line

Driving for Uber may be able to help you earn some extra cash on the side. But you’ll need to use your own car or rent one through its partners to qualify.

Learn more about driving for Uber and your car financing options.

Frequently asked questions

  • How new does my car need to be to drive for Uber?

In order for your car to be Uber-eligible, it must be less than 15 years old.

  • How long does it take to get approved to drive for Uber?

The approval and activation process typically takes up to a week, according to Uber’s website. However, each city varies.

  • How much can I make driving for Uber in my spare time?

It depends on where you live, how many hours you clock in and what days of the week you drive.

Ezra Wolfgang's headshot
Written by

Graduate publisher

Ezra Wolfgang was a video producer at Finder, helping people compare providers to choose the best for their needs. Prior to joining Finder, Ezra interned on the assignment desk at ABC News in New York, where he helped find, develop and write breaking news stories. Ezra earned a BA in media studies from Hunter College, taking a healthy dose of courses in film and documentary production, print and digital reporting and studio television. In his spare time, Ezra goes on the occasional run, takes photos, writes scripts and shoots his own tiny, short films. See full bio

More guides on Finder

Ask a Question provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Go to site