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The Uber Car Lease Program Sucks – How to Escape

This post may contain affiliate links.

Did you see the article about the pregnant lady who was driven into further debt by leasing a car from Uber?  One of my friends actually just lived through an Uber lease experience, and it is truly crappy.  $180 a week for leasing a car.



Why did my friend or the pregnant lady in the article take on a super expensive lease like this to start with?  Because my friend’s credit is bad, she only had stressful experiences with car buying, and Uber made it easy.

But buying a car, hell, even leasing a car regularly, would have been so much cheaper even with bad credit!

How to Escape an Uber Lease

If you ever thought about leasing a car through Uber, DON’T.

If you already have, here are a few steps I’d suggest taking right now:

  1. Get it through your head that you are getting screwed in a very not-fun way.

A cheap Uber lease is $180 a week…that’s $720 a month.  $720 a month for a regular car!!! Let’s say you don’t have the cash to buy a used car cheap off of someone.  Even with not stellar credit and no down payment, you can get a 13% rate on a new or used car at most dealerships.  And a $20,000 car for 60 months at 13% with nothing down at all is a $464 payment a month ($256 less per month than Uber).  And you can cut that down to $255 a month by getting a nice but used $11,000 car with an 8% rate from having a “meh” credit score.

That’s $465 less per month than Uber!  $465!!!  I don’t care who you are or how much you don’t care about money, who doesn’t want an extra $465 a month to spend or save how you want?

  1. Can you buy a used car in cash? No? Then…
  2. Get Pre-Approved.

    Go online or to your bank or credit union and get pre-approved for a car loan.  My friend got pre-approved through CapitalOne and even printed out a few cars from their site that she was interested in test driving in her area.

  3. Buy a Car. Or Lease a Car, Whatever…It’ll Still Be Cheaper.

    Here’s my free, detailed post on how to buy a car in case you’re interested.  In short, figure out what you may like and test drive them.  Once you choose the car you want, work out the terms and make sure those terms stay the same in the finance office.  Drive away with an upcoming monthly payment that is way less than Uber’s crappy setup.

  4. Return the leased Uber car as soon as you get your replacement!

    IN ONE DAY, my friend was pre-approved online for a car loan and found options for a new-to-her car at a Hertz place near her (that’s not an affiliate link, but Hertz was impressive and deserve a shout out).  She test drove three cars, picked one, and they made the paperwork process simple.  She went from paying $720 a month to $255 a month with just ONE DAY of research and test drives.  Really!

    Her new monthly payments start in May and her Uber payments have stopped.  One day of work and she’s banking $465 a month!  It’s worth it to switch.

If you have an Uber lease, stop that *hand smack*!  Email me if you have any questions or need a swift kick to your virtual butt.  Good luck!

FYI:  I worked at a dead end cubicle job from 2005-2011 for about $30,000 per year.  I went self-employed in July 2011 and make between $70,000-$90,000 through blogging, professional pet sitting, hubby's reffing, and our rental home.  If you’d like to start your own site (link to my free step-by-step guide), I highly suggest checking out Bluehost (my referral link with a nice discount for you, PLUS a free custom header banner from me!).  Please contact me any time at budgetingfunstuff*at*gmail*dot*com with questions or just to brainstorm! I’d love to help!
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5 thoughts on “The Uber Car Lease Program Sucks – How to Escape

  1. This is one reason I’m really leery of using Uber – they’re incredibly exploitative of their drivers. While I am all about saving money personally, I can’t get behind doing so while explicitly exploiting hardworking people who are busting their butts doing this side hustle trying to do better for themselves. I can afford the extra $2-5 per ride to not add to the bottom line of a company that treats women, and their drivers, worse than crap.

  2. @Money Beagle, right?! They could have done real leases for less than $350 a month and it would have been great for everyone…

    @Revanche, it’s sort of a weird situation. I want to support the drivers when I visit other cities (Uber or Lyft), but yeah, they do have some very crappy policies.

  3. Wow, what a shameless method to screw people out of their hard worked money!
    You made a god point, it’s much cheaper to buy your own car. And no, I don’t believe when anyone tells me they don’t actually need a car. Cars are always useful.

  4. {hyperventilate!} Holeee mackerel! That’s over twice what I’m paying for a practically new Venza. And I think I’m getting ripped off. What on earth would possess the lady?

    I guess outfits like Uber get by on the “one born every day” principle.

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