Uber South Africa Launches $500 a Month Car Lease Which Includes Replacing Tires
An anonymous reader writes: Taxi hailing platform Uber has experimented with vehicle financing schemes around the world this year: it launched a pilot program for car loans in three US towns in the summer and had a two year relationship with Santander too. It's South African arm has gone one step further, however, with an official vehicle leasing — rather than purchase — scheme backed by local lender Wesbank. For about $500 a month which covers the car, maintenance and even tire wear, drivers get access to a mid-sized sedan. Hertz and other car hire firms are also joining in with similar schemes to boost the number of Uber drivers in the country.
Seems a bit pricey. Unless it includes all mileage for a full-time taxi service, it's not all that attractive and if you do have a full-time taxi service, you might as well outright buy the car.
Custom electronics and digital signage for your business: www.evcircuits.com
How is a leasing plan by a taxi operator "tech news"? It isn't even using bitcoins or some micropayment scheme. Goodbye, Slashdot, I've finally had enough Uber.
>> For about $500 a month, (Uber) drivers get access to a mid-sized sedan (that they can use to drive people around for Uber)
In Soviet Russia*, you pay taxi company to drive for it!
(*=for values of Soviet Russia equal to "South Africa")
...everything they need to do their. jobs.
Time is what keeps everything from happening all at once.
In * you pay taxi company to drive for it. Where * is every country in the world.
"A prefixal use of uber, adverb and adjective, with the basic meaning "over, beyond."..."
Soon we can expect Uber insurance company, Uber auto manufacturing, Uber legal defense fund, Uber uniform company, and special Uber discounts at Disney World, all for Uber drivers (who may or may not be employees).
...omphaloskepsis often...
Does that include a kaffer, or do you have to provide your own?
For the kind of cars i drive, $500 would buy me a replacement car every month.
(1.21 gigawatts) / (88 miles per hour) = 30 757 874 newtons
Time to finally finish my Johnny Cab bot and sign him up as an Uber driver! Along with the Go Pros to capture the terrified looks on the vict^H^H^H^H riders' faces.
"Hellua day, huh?"
Now this does make uber more liability in case of accidents and This can also lead to labor issues like with FedEx and there drivers that had to Lease / rent or buy FedEx trucks but where not W2's and the courts said that they can be 1099's due to the rules. Now if this really there car to use then they should be able use it on lift / for other stuff as well.
Taxi hailing platform Uber. . .
So Uber is admitting it's a taxi service but doesn't believe it has to abide by rules for taxi companies, nor do its drivers who don't have a business license or insurance to protect their passengers.
Good to know people can make up whatever shit they want. I think I'll open a theme park, with blackjack and hookers, and call it recreation sharing. I'll make a ton of money since I won't have to worry about paying taxes or dealing with any ridiculous licensing or permits.
We will bankrupt ourselves in the vain search for absolute security. -- Dwight D. Eisenhower
Read the terms of the lease, they are usually distance-limited.
This would make them useless for even a part-time taxi-style service.
My Other Computer Is A Data General Nova III.
Yawn.... same old model. Cab companies have been leasing to prospective drivers for years and car companies, rental agencies, and dealership have been leasing for years to other drivers.
Wake me when they come up with something truly innovative. You know, something that is new and not just has "on a mobile device" or "on a computer" tacked on the end.
putting the 'B' in LGBTQ+
"Taxi hailing platform Uber"?! At least we know this wasn't written by Uber's PR company, unlike most Uber stories.
To have a right to do a thing is not at all the same as to be right in doing it
Does this crazy high price also include medical cover? Given the mafia like state of the formal/informal taxi industry in South Africa, you'd also hope the cars are bullet proof too.
so the company owns the dispatch "app" and the vehicle yet claims none of the responsibility, putting all that on the sucker..err..driver who signs up to pay most of what he makes (or more) towards the "lease" of the vehicle he or she needs to do the job. Fall behind in lease payments when ridership lowers or Uber drivers saturate the area market, then pay out of pocket. Is there a real nasty early termination fee too?