If you’re thinking about being an Uber driver, you may have heard about some of the financing options it has on offer. In the guide below we’ll take you through everything you need to know about Uber car loans, plus some alternatives offered by banks and lenders that you may want to consider.
Who is eligible for an Uber car loan?
You can only get a loan from the Uber finance marketplace if you are:
A current Uber partner. This means you have already completed the sign-up process and are currently an Uber driver, or;
Looking to sign up as a Uber partner driver. You need to be over the age of 21 and have held an unrestricted licence for at least 12 months. Other eligibility criteria also apply.
Residing in a city where Uber is available. You need to be living in Sydney, Melbourne, Canberra, Brisbane, the Gold Coast or Perth.
What Uber car loans are available?
There are a few different financing options available:
Rental. If you need an eligible car to get you on the road with Uber but aren’t ready for a car loan, you can consider renting through one of its partners.
Car loan. Standard car loans are also available with one of Uber’s company partners.
Rent with the option to buy at term’s end. These loans function in a similar way to a car hire purchase, where you are essentially hiring the car, and at the end of the term you have the option of owning the vehicle. Another one of Uber’s partners gives you the option to own, upgrade or hand back the vehicle at the end of the term.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Uber’s loan partners each offer varying features with their loans. You can use these features to compare and find the right loan for you:
Structure of the loan. The finance might be a rental, car loan or “lease to buy” scheme, so decide which one will work best for your needs and situation.
Type of car the loan is suited to. Some of the partners have restrictions as to what kind of car you can finance with the loan. For instance, you may only be able to select particular new makes and models.
Interest rate and fees. How competitive is the loan? Compare the loan with other offers available with Uber’s partners. You should also compare them with loans from banks and other car loans lenders to make sure you’re getting a good deal.
Loan terms. If you’re renting the car, how long can you hold onto it for? If you’re renting to own, how long are the terms? You also need to check the terms on offer for standard car loans. Will the terms make for manageable ongoing repayments?
Additional features. Some loans come with additional features, such as complimentary comprehensive insurance or refundable deposits. Check to see what’s available.
What are the alternative loans to those offered by Uber?
Selecting a loan offered by Uber isn’t the only way to finance a car to drive with Uber. You can also consider loans offered by banks, credit unions and standalone car loan lenders. Here are some of your options:
Secured car loans. If you find an eligible vehicle you can use it to guarantee the loan. These car loans come with very competitive rates and you can choose from fixed or variable rate loans, depending on what works best for you.
Unsecured personal loans. Are you planning on buying a used car? You might want to consider an unsecured personal loan. You can select fixed or variable rate loans from a range of lenders and have between one and seven years to repay.
Becoming an Uber driver is a great option to consider, with flexible hours and a $30 per hour guarantee in the first month. If you’ve decided to be a driver, Uber car loans could be the icing on top of an enticing cake, helping you get into an eligible vehicle to get you onto the road as an Uber partner.
Loans.com.au - New and Dealer Used Car Loan
Loans.com.au - New and Dealer Used Car Loan
From
4.67 %p.a.
fixed rate
From
5.22 %p.a.
comparison rate
Early payout available
No monthly ongoing fee
Borrow up to $100,000
100% confidential application
Loans.com.au - New and Dealer Used Car Loan
A competitive fixed rate to purchase a car up to four years old. Option to add on-road costs into loan amount.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Elizabeth Barry is Finder's global fintech editor. She has written about finance for over six years and has been featured in a range of publications and media including Seven News, the ABC, Mamamia, Dynamic Business and Financy. Elizabeth has a Bachelor of Communications and a Master of Creative Writing from the University of Technology Sydney. In 2017, she received the Highly Commended award for Best New Journalist at the IT Journalism Awards. Elizabeth's passion is writing about innovations in financial services (which has surprised her more than anyone else).
Mountain hikes, artistic cities, charming townships and wilderness cruises, they all have the makings of a family getaway these school holidays in Tasmania.
Hi, I already have a secured personal car loan with a credit union. Can I still claim the remaining payments against the tax if I began working for Uber?
Thanks for getting in touch with Finder. I hope all is well with you. 😃
I’m afraid I can’t provide a straightforward answer to your question, Serena. However, generally speaking, you can make tax deductions when you drive Uber. Anything that you spend for business purposes can be deducted on your tax.
Since we are not tax experts, it would be a good idea to speak directly to a tax specialist. They should be more than happy to assist you with your query.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
My name is lala looking for van for uber and i am a uber client just need car pls help or to see if i can lease or rent or just options to take for uber driver .
How likely would you be to recommend finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Important information about this website
finder.com.au is one of Australia's leading comparison websites. We compare from a wide set of banks, insurers and product issuers. We value our editorial independence and follow editorial guidelines.
finder.com.au has access to track details from the product issuers listed on our sites. Although we provide information on the products offered by a wide range of issuers, we don't cover every available product or service.
Please note that the information published on our site should not be construed as personal advice and does not consider your personal needs and circumstances. While our site will provide you with factual information and general advice to help you make better decisions, it isn't a substitute for professional advice. You should consider whether the products or services featured on our site are appropriate for your needs. If you're unsure about anything, seek professional advice before you apply for any product or commit to any plan.
Products marked as 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product. You can learn more about how we make money here.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labelling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. Acceptance by insurance companies is based on things like occupation, health and lifestyle. By providing you with the ability to apply for a credit card or loan, we are not guaranteeing that your application will be approved. Your application for credit products is subject to the Provider's terms and conditions as well as their application and lending criteria.
Please read our website terms of use and privacy policy for more information about our services and our approach to privacy.
Hi, I already have a secured personal car loan with a credit union. Can I still claim the remaining payments against the tax if I began working for Uber?
Hi Serena,
Thanks for getting in touch with Finder. I hope all is well with you. 😃
I’m afraid I can’t provide a straightforward answer to your question, Serena. However, generally speaking, you can make tax deductions when you drive Uber. Anything that you spend for business purposes can be deducted on your tax.
Since we are not tax experts, it would be a good idea to speak directly to a tax specialist. They should be more than happy to assist you with your query.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua
Good morning,
My name is lala looking for van for uber and i am a uber client just need car pls help or to see if i can lease or rent or just options to take for uber driver .
Hi Lala,
You can find out about your car financing options on this page. There is also a vehicle leasing service you can read about here.
Hope this helps,
Elizabeth