Uber drivers' next stop: Bankruptcy?

0
705

uber-lyft

To keep drivers on the road, both Uber and Lyft are offering an ever diversified range of financing options that include short-term rentals and subsidized leases. But when it comes to their personal finances, many Bay Area drivers say they’re running on empty.

Drivers — who shoulder a wide range of expenses tied to their work — often describe tenuous financial circumstances that can crash quickly owing to events beyond their control: A company’s decision to lower rates – as Uber did in January – vehicle expenses, tickets, and even “vomit events” that can delay their ability to drive.

“I used to be able to survive, but once they started manipulating the prices I really fell behind,” says Jason, a Bay Area driver who didn’t want his full name used because of his relationship with Uber.

Both Uber and Lyft now offer subsidized, short-term rental systems for drivers who don’t own and don’t want to use their own vehicles for ridesharing: Uber says that its Xchange Leasing program, providing short-term leases that come with basic maintenance like oil changes and tire rotation, is a very popular choice among its fleet of drivers.

“Read the Full Article at www.bizjournals.com >>>>”

ATTENTION READERS

We See The World From All Sides and Want YOU To Be Fully Informed
In fact, intentional disinformation is a disgraceful scourge in media today. So to assuage any possible errant incorrect information posted herein, we strongly encourage you to seek corroboration from other non-VT sources before forming an educated opinion.

About VT - Policies & Disclosures - Comment Policy
Due to the nature of uncensored content posted by VT's fully independent international writers, VT cannot guarantee absolute validity. All content is owned by the author exclusively. Expressed opinions are NOT necessarily the views of VT, other authors, affiliates, advertisers, sponsors, partners, or technicians. Some content may be satirical in nature. All images are the full responsibility of the article author and NOT VT.
Previous articleCivilian life offers multiple challenges for women veterans in Duval
Next articleIraq war veteran plans project to help other veterans