Uber xchange leasing

Uber Xchange Leasing

What is Uber Xchange Leasing?

The Uber Xchange leasing program is basically designed to get people who want to drive with Uber but don’t have access to any vehicles. This xchange leasing program is owned and run by the Uber Company.  Although the program was designed to help new drivers or those with no vehicle access, but existing drivers can also get approved.

Should you choose to lease a car for the sole purpose of ride-sharing, you’ll have to first get approved by the Uber Xchange leasing program. Then Uber will send you to any Uber approved dealerships in your area with financing on hand.

How do drivers pay for their car lease through the Xchange leasing program?

Uber will deduct the car lease payments from the drivers’ earnings on a weekly basis. With that being said, Uber is basically owned you for while; I meant to say as drivers you’re going to have to drive as much as you can to meet at least the weekly car lease payments.

Uber Xchange Leasing Features:

  • Unlimited mileage – This is a very good deal if you ask me.
  • Car lease payments can be as low as$98.00 per week for very good used vehicle, taxes and fees are not included.
  • Wide range vehicle options from 2012 and newer.
  • Drivers can end the lease anytime, as long as you give a 2 week notice.
  • Oil changes, tire rotations, and air filter replacement are all included.
  • You don’t need a good credit.

Xchange Leasing Vs. Xchange Access

The Uber xchange leasing depends on two main tiers. In other words, an Uber driver can either qualify for tier 1 or tier 2.  The first tier is known as “Xchange Leasing”, and the second tier is known as “Xchange Access”.  If you are approved for tier 1, you’re automatically eligible to pick any approved and available vehicles at any dealerships of your own choice.

Most dealerships have more new cars than used ones available on this uber xchange leasing program.  Not many drivers want to lease a new car to drive with Uber. There’s a scarce of pre-owned vehicles since not many are available and a lot of drivers preferred them because they’re less expensive and have low weekly payments.  I talk to many drivers and they told me that they had went to many dealerships in hopes of getting a used car, but they’re always redirected to the new ones instead at first.  But if they are patient and lucky then a pre-owned vehicle might become available.

The second tier is known as Xchange Access. This tier is basically a take-over, meaning you get reassigned a vehicle from a previous driver who decide that he/she doesn’t want the Uber car lease anymore. Obviously it will be a used car since it was previously owned and operated by a driver already.  Let me put it this way, if you’re get approved for this tier, basically you get to choose from any vehicles that have been previously driven and returned by  an Uber driver from  the first tier.

The Terms

Leasing a vehicle to drive with Uber is an expensive option for any anyone seeking to get behind a new set of wheels. Under this Uber Xchange leasing with over 28 pages of terms and conditions, Uber drivers pay a $250 upfront deposit and weekly payments as low as $98 to Uber for a 36 months lease.

Uber will deduct the car lease payments from the drivers’ earnings on a weekly basis. If a driver wants to keep the vehicle after the 36 months term, he/she must pay whatever the vehicle’s worth at the end of the lease term agreements.

What Vehicles are Eligible for Xchange Leasing?


  • Must be model year 2009 or newer
  • 75,000 miles or fewer
  • No “salvage”, “rebuilt” or “flood” vehicle titles
  • Four full-size doors
  • Minimum of 5 seatbelts (driver and four passengers)
  • Automatic transmission

Brand New Eligible Vehicles Models

  • Chevrolet: Malibu
  • Ford: Focus
  • Honda: Accord, Civic, Fit
  • Hyundai: Elantra, Sonata
  • Nissan: Altima, Sentra, Versa
  • Toyota: Camry, Corolla, Prius C/2/V, Yaris

Pre-owned/Used  Eligible Vehicles Models

  • Honda: Accord, Civic, Fit
  • Hyundai: Elantra, Sonata
  • Nissan: Altima, Maxima, Sentra, Versa
  • Toyota: Camry, Corolla, Prius C/2/V, Yaris

You’re Approved for the Xchange Leasing: Now what?

After you get approved for the Uber Xchance Leasing program, you will receive an email and text messages from Uber anytime within the next 24 hour. The email and SMS will contain a list of participating dealers. You just have to call and make an appointment.

What Should I Bring to My Appointment?

Whenever you decide to go to your appointment at the dealership, you will need to bring your driver’s license and a 250 dollars deposit fee.  Some car dealerships accept cash and some don’t, but all accept cashier’s check.

Simple and Automatic Payments

The leasing payments are relatively low and payments get taken automatically on a weekly basis from your Uber earnings. All this happen through the app, and you’ll be able to see the charges, so there’s no worry about being late and get charged for late payments.

Insurance Requirements for Xchange Leasing

Do you need special car insurance?

It is required to have rideshare insurance  if you want to get a car through the Xchange Leasing in the state of California. Uber partners that are operated outside of California don’t need any rideshare insurance. Options that are available in the state listed below:

Lienholder Information for Car Insurance

Since you lease the vehicle,  you’ll have to add Xchange Leasing LLC as an additional insured to your car insurance policy. And below is the following information to use when doing so:

Xchange Leasing LLC
PO Box 390785
Minneapolis, MN 55439-078

Review Uber’s insurance policy for partners here:

For an overview of how Uber rideshare insurance works for Uber drivers, click here.

How do I return my Xchange vehicle?

You can return the car even after 30 days if you decide for any reason that it’s not working out for you.  If you give a 2 week notice before you return the vehicle, you will be OK. The only thing is that there’s a possibility that you might lose the 250 dollars initial deposit if the vehicle is damage. But if there’s no damage and no unusual wear and tear, you’ll get your deposit back.  Rest assured if there’s damage to the car, you’ll end up paying for whatever the cost adds up to. With that being said, make sure, you clean the car upon return it, and keep your receipts.

Maintenance + Unlimited Mileage

The Uber xchange leasing provides unlimited mileage to drivers. Oil changes and tire rotations are included after 5K miles, and air filter replacement every 25,000 miles.

Where is Uber’s Xchange Leasing Program available?

Uber are working with many dealerships from major cities around the country. They continue to reach out to more partnerships with car dealerships around the United States.

  • California: San Francisco, Los Angeles, San Diego, Sacramento
  • Georgia: Atlanta
  • Illinois: Chicago
  • Maryland: Baltimore
  • Pennsylvania: Philadelphia, Pittsburgh
  • Texas: Dallas, Houston
  • Tennessee: Nashville
  • Washington: Seattle, Tacoma
  • Washington DC.

How are fees assessed on the vehicle if I return it a year after ride-share driving? Will I get a big bill for damages?

If there’s no damage and no unusual wear and tear, you’ll get your deposit back.  Rest assured if there’s damage to the car, you’ll end up paying for whatever the cost adds up to. With that being said, make sure, you clean the car upon return it, and keep your receipts.

Is insurance included in my Uber Xchange Leasing?

Insurance is not included in the Xchange leasing,  you’re going to have to buy your own car insurance.


  • ouchiebaby

    I’m retired and my son just told me about Uber. N Houston TX USA. How do I get started? How does exchange leaseing wrk. Will someone help with info please. Thx n advance

  • i found this company and they were the cheapest financing option
    its lease to own vehicles for 220 a week

    • Never heard it before… have you used it to find a car and drive for Uber?

  • Elizabeth Hope

    Sounds like a good fit for me,except the part where they denied me! I know my credit probably sucks,but everyone else is getting approved! Am I the only one that got denied,are there any other options for leasing??

  • Chris Scales

    I already have a car with xchange and I’m about to move to Arizona and got the car in Illinois what do i have to do

  • Shay Boo

    do i need to have purchased the insurance before i get to lease the car with uber xchange access program? or can i just show the quotes i have received to the dealership, get approved, get the car, and then go and purchase the insurance?

    • Mike Morrison

      I’m sure, like any leasing program, they set you up with insurance right then and there. It isn’t legal to drive off the lot without insurance.

  • Steve Dixon

    If I live in Louisville KY can I go to Nashville to get a car?

    • @Steve Dixon, It’s possible that you can, I mean why not! You want to be sure though, so you might wanna contact Uber.