How Uber car loans can help you get on the road

Want Uber to help you buy your car? We take you through the financing options available.

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.

Uber driver beside his car

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.

Calculate how much you can make driving for Uber

What lenders are available?

At the time of writing, Uber has partnered with the following lenders to offer financing options:

Keep in mind that not all of these partners will be available in every city.

Compare your Uber vehicle options below

Rates last updated March 24th, 2018
Name Product From Price Per Week Insurance included Membership Fee Excess km cost Product Description
Splend Car Rentals
Rent an Uber-ready vehicle from Splend and get access to fuel discounts, referral bonuses and member only benefits. Rent-to-Drive and Rent-to-Buy options available.
Driverlend is a finance broker. Lease or buy a car with Driverlend and you could get up to 20% discount on dealership prices for a new vehicle.
DriveMyCar Uber Rentals
A peer-to-peer rideshare platform that offers insurance, maintenance and 24-hour roadside assistance in the all-inclusive price. You'll get access to discounts if you rent longer than six months.
Europcar Uber Rental
Benefit from 24/7 roadside assistance, a wide range of vehicles and no signup fee to start driving with Uber. A minimum four-week rental period applies.
Hertz Uber Rental
You can Rent a car from Hertz get access to 24/7 roadside assistance, no lock-in contracts and no joining fees. Limited areas.

Compare up to 4 providers

How can I compare Uber car loans?

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 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.

Stratton Finance New Car Loan Offer

Stratton Finance New Car Loan


5.49 % p.a.

fixed rate


6.62 % p.a.

comparison rate

  • Rates from 5.49% p.a.
  • Loan terms 1-10 years
  • Fast approval
Security Logo

100% confidential application

Stratton Finance New Car Loan Offer

Apply for Stratton Finance Car Loan for purchasing a new car and enjoy a great fixed interest rate.

  • Interest rate from: 5.49% p.a.
  • Comparison rate: 6.62% p.a.
  • Interest rate type: Fixed
  • Application fee: $499
  • Minimum loan amount: $18,000
  • Maximum loan amount: $100,000
Go to site

Compare alternatives to Uber car loans

Rates last updated March 24th, 2018
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Monthly Service Fee Application Fee Product Description Monthly Repayment
Stratton Finance New Car Loan
From 5.49% (fixed)
1 to 10 years
Benefit from a car broker with over 25 years experience
RACV New Car Loans
From 6.49% (fixed)
1 to 7 years
A competitive rate car loan from RACV with no monthly fees and 5-hour loan approval.
Beyond Bank Low Rate Car Loan
From 5.69% (fixed)
1 to 7 years
A great rate for cars under 2 years old.
People's Choice CU Car Loan
From 5.64% (fixed)
10 years
A competitive variable rate loan to help you purchase a new car.
From 5.16% (fixed)
1 to 7 years
AutoCarLoans can match you with a lender from its panel with rates starting from 5.16% p.a. Suitable for vehicles up to 2 years old.
MyState Secured Personal Loan
From 7.99% (variable)
1 to 10 years
Apply for a loan up to $75,000 and benefit from loan terms up to 10 years. Your choice between secured or unsecured.
People's Choice CU Secured Personal Loan
From 7.99% (fixed)
1 to 10 years
Benefit from a low rate when you secure the loan with a motor vehicle.
Latitude Personal Loan (Secured)
From 12.99% (fixed)
2 to 7 years
$250 (Loans under $4000 - $140)
Benefit from a tailored fixed rate from 12.99% p.a. to 28.99% p.a. with a loan that can be used for any purpose.
St.George Secured Personal Loan - Fixed Rate
8.49% (fixed)
1 to 5 years
Use your car as security and benefit from a competitive interest rate.

Compare up to 4 providers

Picture: Shutterstock

Elizabeth Barry

Elizabeth is an editor for finder.com.au specialising in personal finance and fintech. She enjoys reading PDSs so you don’t have to.

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2 Responses

  1. Default Gravatar
    LalaSeptember 25, 2016

    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 .

    • Staff
      ElizabethSeptember 26, 2016Staff

      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,


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