Rideshare Rental Guide: How to Rent a Car for Uber or Lyft

Share

When you start doing rideshare or delivery, you’ll want to make sure you have a reliable, durable, and attractive vehicle. Finding the best car for Uber or Lyft might seem stressful. Maybe you don’t own a car, or maybe you don’t want to use your own. If you’re struggling to figure out the “ride” part of rideshare, it might be time to check out these rental options for Uber and Lyft Drivers. 

What kind of vehicle do I need to look for?

Rental car companies make it easy to select a car that will meet Uber and Lyft requirements. The specifics vary between cities and states in the U.S., but in general Uber and Lyft require:

  • 5-8 seats (including the driver’s seat)
  • 4 doors

Most rideshare services also have vehicle age requirements (i.e. your vehicle must be X years or younger to signup). These requirements vary city-to-city and service-to-service. Check what the requirements are in your city before you start shopping.

What to remember when choosing between rideshare rental companies

Once you start swiping through the vehicles available on any rideshare rental site, your options may seem limitless. Here are some things to consider while choosing between rental companies and the cars they offer:

  • Price: The car’s rental rate is almost never the full price. Most rental companies charge additional fees.
  • Availability: How often do you plan to drive? Are there mileage caps on the vehicle you’re looking at?
  • Fees: Are there any hidden rental fees? Does the company take a cut of your rideshare earnings?
  • Eligibility: Are you old enough to rent from the company? Is your driving record clean? Most rental companies have age requirements and will check your motor vehicle records.
  • Perks: What kind of perks can you get when signing up? Will the company waive certain fees?

Top rideshare rental companies

Some rideshare rental companies are more popular than others. HyreCar, Getaround, Fair, and Turo are all known for their availability and ease of use.

HyreCar

Hyrecar is the most convenient service because it has been designed with Uber, Lyft, and delivery drivers in mind. The service is similar to Airbnb or Vrbo. Hyrecar connects rideshare-ready vehicle owners with drivers looking to rent. One of the biggest draws for Hyrecar is that the company doesn’t partner with one specific rideshare app. This means that renters are free to use any app that will allow a Hyrecar rental (think delivery services like DoorDash and Postmates). Hyrecar advertises no contracts and zero signup fees. You can get behind the wheel in as little as 24 hours. Anyone looking for a rideshare rental car service that will get them on the road quickly without locking them into a vehicle, may want to look closer at this option.

HyreCar Breakdown:

  • Price: Economy rentals average $30-45 per day in Boston, MA. Check out the cars available in your area here.
  • Economy Rental Example: A 2016 Toyota Corolla costs $388.30/week in Boston, MA.
  • Mileage Caps: Vehicle owners can choose to set mileage caps. Hyrecar isn’t transparent about how much it costs per mile when you exceed that cap.
  • Fees: Drivers pay a weekly rental rate, an additional insurance cost, and a “Hyrecar fee” that is 10% of their rental cost.
  • Age Restrictions: Must be 21 years or older to rent
  • Availability: Available in all 50 states.
  • Insurance: Hyrecar charges renters $10 a day for insurance. That means a weekly renter will pay $70 in insurance fees. Hyrecar’s insurance policies cover drivers while they are operating the vehicle, but not while they are driving for a rideshare company. Once you agree to a ride and pick up a passenger, the rideshare app’s insurance kicks in.

Getaround

Getaround is a perfect option for renters looking to exclusively drive for Uber. Getaround is an Uber partner, meaning renters cannot use their vehicle to drive for other apps.

What sets Getaround apart from other rental companies is that its Uber rental cars are available for hourly rentals. The carsharing service also offers renters the ability to unlock its cars with an app, removing the need to meet up with an owner and exchange keys.

Getaround Breakdown:

  • Price: Economy rentals average $40-$60/day in Boston, MA. Check out the cars available in your area here.
  • Economy Rental Example: A 2016 Toyota Corolla costs $367.76/week in Boston, MA.
  • Luxury Rental Example: A 2016 Mercedes Benz E-Class costs $728.05/week in Boston, MA.
  • Mileage Caps:Drivers pay $.50 per mile when they exceed the mileage cap they agree to when booking the vehicle.
  • Fees: Drivers pay a $10 license fee, a $99 one-time onboarding fee, and a booking fee that is 3% of the trip price with a $1.00 minimum.
  • Age Restrictions:Must be 19 years or older to drive. Getaround charges an “Under 25” driver fee. A 19-year-old pays 75% of the trip cost while a 24 year old pays just 5%.
  • Availability: Hourly and weekly rentals are available in Atlanta, Boston, Denver, Los Angeles, Philadelphia, San Francisco Bay Area, and Washington, D.C. Hourly-only rentals are available to drivers in Portland and San Diego.
  • Insurance: Getaround’s driver insurance policies are built into their vehicle costs. You can’t opt-out of insurance and must meet Getaround’s eligibility requirements. Getaround’s insurance policy includes liability, collision and comprehensive coverage.

Turo

Turo is a carsharing marketplace that advertises a wide range of vehicles — everything from practical to luxury. Hosts list their vehicle and guests hire a car for a minimum of one day. Turo’s cars rentals are an “experience.”

It’s important to note that if you’re looking for an Uber car rental or a Lyft car rental, you’re out of luck. Turo prohibits drivers from using their rentals for Uber or Lyft. However, Turo does allow its cars to be used for delivery services like Grubhub and Doordash.

Even if you don’t opt to rent a vehicle from Turo, you might want to consider listing your car on the platform. Turo makes it quick and easy to become a car “host.” Listing your vehicle will allow you to earn passive income when you aren’t driving.

Turo Breakdown:

  • Price: Economy rentals average $25-$45/day in Boston, MA. Check out the cars available in your area here.
  • Economy Rental Example: A 2016 Toyota Corolla costs $231/week in Boston, MA.
  • Luxury Rental Example: A 2016 Mercedes-Benz E-Class costs $504/week in Boston, MA.
  • Mileage Caps: Mileage caps depend on the vehicle. Excess mileage can cost between $0.01 and $3.00 per additional mile.
  • Fees: Drivers pay a trip rate, an optional protection plan fee, and a “Turo fee” that’s 10% of the rental cost. If drivers book a single car for a week or more, they may get a 10% weekly discount on the rental fee.
  • Age Restrictions: Drivers 18-20 pay $25 per day or more depending on the car they book. Drivers 21-25 pay $10 or more depending on the car. Drivers under 21 cannot opt-out of a protection plan. Drivers under 21 can’t book a vehicle with a market value higher than $20K.
  • Availability: Available in 5,500 cities across the US, Canada, Germany, and the UK.
  • Insurance: Turo offers protection plans that are a form of insurance while operating their vehicles. They offer three options: the premier plan, the standard plan, and the minimum plan. The price of each plan is based on the cost of your rental. You’ll be able to see and compare plan costs at checkout.

Fair

Note: Fair plans to end its weekly rideshare rental program in April, 2020. As of February 16, 2020 there are no vehicles available to rent for rideshare drivers on Fair’s website.

Fair is an official Uber car rental partner that offers a “forward-thinking alternative to traditional car ownership.” It’s closer to a lease than a rental, but there’s no contract and you can keep the car as long as you want. You pay on a monthly basis, so you won’t have to worry about a weekly withdrawal from your bank account. Fair’s monthly payments aren’t standardized. Your monthly payment will depend on two things: the vehicle you select and your credit. After scanning your license during the signup process, Fair conducts a soft credit check. This credit check helps Fair determine how much you’ll pay monthly.

Fair Breakdown:

  • Price: Rental rates starting as low as $130/week
  • Mileage Caps: Every rental comes with up to 10,000 miles, although you’re free to go over that amount for an additional payments.
  • Fees: Drivers pay a one-time, non-refundable $500 “start payment,” as well as an administration fee to cover processing and handling.
  • Age Restrictions: Must be at least 18-years-old to rent
  • Availability: Available in major U.S. cities including Los Angeles, San Diego, Miami, Chicago, Cleveland, Pittsburgh, and Nashville.
  • Insurance: Fair offers insurance to drivers in every state except New York. Insurance can be bundled with through the app for about $35/week. Fair’s insurance is a pretty standard auto policy.

Rentals through Uber and Lyft

Uber Rental Marketplace

You can’t lease or rent a car directly through Uber. Instead, the rideshare app partners with a number of rental car companies. Uber has a vehicle marketplace that matches drivers with rental options based on their needs and location. Hertz, Avis, Zipcar, and Getaround are all Uber rental car partners.

  • Avis and Hertz rentals both start at $214/week
  • Zipcar offers hourly Uber rentals starting at $5.50/hour on weekdays.

Before you start exploring your options, you’ll want to signup to drive first. Make sure you click “I don’t have a car,” and you will be shown the available rentals.

Lyft ExpressDrive

Lyft ExpressDrive is a rental car program run by the rideshare app. By partnering with Avis Budget Group, Flexdrive, and Hertz, Lyft helps drivers get on the road faster. In exchange for agreeing to give 20 Lyft rides every seven days, drivers can rent a vehicle for as long as they want. There’s no commitment. Insurance and maintenance are included within the rental cost. Lyft car rentals can be used for personal trips as well as ridesharing trips. 

What make Lyft ExpressDrive unique is that the money you make from trips can be put directly towards the cost of your rental. If you’re looking for an all-inclusive rideshare experience, you might want to see if Lyft ExpressDrive is available in your city.

Lyft ExpressDrive Breakdown:

  • A Hertz rental through the Lyft ExpressDrive program starts at $219/week
  • No commitment (drive for as many weeks as you want)
  • Must give at least 20 rides every seven days
  • Must provide a $250 refundable deposit that will be returned when you return the vehicle
  • Insurance and maintenance included in weekly cost
  • Unlimited mileage
  • Weekly earnings go toward rental payments

Note: Lyft ExpressDrive ended its Rental Rewards program as of September 9, 2019. ExpressDrive renters are now eligible for the same Ride Challenges as regular Lyft drivers.

Note: Lyft ExpressDrive ended its Rental Rewards program as of September 9, 2019. ExpressDrive renters are now eligible for the same Ride Challenges as regular Lyft drivers.

Do I need insurance?

If you’re renting a car to drive for a rideshare app, you’ll be spending a lot of time on the road. This will increase your risk of accidents. It’s important to read the fine print of your rental’s auto insurance policy to understand just how covered you are if you happen to find yourself in a tough situation. You’ll also want to make sure you have your own insurance in case there are gaps in your rental insurance policy.

Do I need to get my rental vehicle inspected?

Before you start picking up passengers, you’ll need to get your rental vehicle inspected. There are a lot of choices when it comes to vehicle inspection.  Most states allow you to get inspected by a certified mechanic.  Some states have very strict rules about inspections. Rideshare Mechanic offers a virtual inspection that is accepted by Uber & Lyft in several markets across the U.S. You do a video call using your smartphone and a certified mechanic on the other end signs off on your vehicle.Yes, b

Should I just buy a car instead?

In a rideshare business, a car is an asset. The more you use the asset, the more quickly it will depreciate. More miles driven will turn into higher maintenance and repair costs. If you’re considering buying a new or used vehicle, you can use our New vs. Used Car Buying Guide to make sure you find the right option for you and your budget.

If you’re a new driver, you might want to consider renting for the first week or two. Using services like Getaround and Hyrecar will let you get a feel for a vehicle before you purchase it. If you plan to drive for a rideshare service full-time, you’ll want to make sure the car you’re selecting is the right one for you. Think of your week-long rental as an extended test drive.

If you do decide to buy a car, consider renting it out to other drivers on Hyrecar, Turo, or Getaround. That way, you can earn income even when you aren’t driving.

Making Your Decision

The best thing about trying rentals first is that you can do it for a week or two and return the car.  See how much gas and mileage adds up to and decide if it’s worth it to put all of that wear and tear on your own car.  You can try each service to see which one works best for you. If you buy a car for rideshare, you’re stuck with it. Make sure you do your research to make sure you’re not in a losing situation in a few years with a loan balance on a worn out car.

We may receive a referral fee for recommending some of the products, apps or services listed on this website.  This article is for informational purposes only. The financial data used for examples may fluctuate, but were retrieved in February of 2020.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top

100% FREE |$0 for Federal | $0 for State | NO UPSELL

Includes support for most common tax forms, including most 1099 forms & Schedule-C. (the forms rideshare drivers use to file). RideshareGuru.com receives compensation from our affiliates. Please support us by using our link to sign uo.

Days

LEFT TO FILE YOUR TAXES

Subscribe to get tools, updates, and news to help you earn more in rideshare.

Rideshare Roadmap