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Lease-to Own, Can i make money in LA, Am i Crazy

Discussion in 'Pay' started by painfreepc, Aug 1, 2014.

  1. grams777

    grams777 Moderator Moderator

    Location:
    Nashville
    What I said is what the policy states. See my previous post with the actual uber policy here:
    https://uberpeople.net/threads/is-uber-insurance-now-primary.1184/page-2#post-13012

    Coverage at public airports is higher than elsewhere. It actually makes sense because the airports want full primary coverage while on their grounds for the various permits. This is why uber added this part. Hence, the only time it is secondary and lower is while waiting for a ping when you are not on airport grounds (in California at least, perhaps other states).
     
    Last edited: Aug 6, 2014
  2. chi1cabby

    chi1cabby Well-Known Member

    Location:
    Chicago
    Driving:
    UberTAXI
    Sorry Grams! Please re-read the entire thread. It is ONLY primary when on an Active ride.
     
  3. grams777

    grams777 Moderator Moderator

    Location:
    Nashville
    That's not what the policy says. There is an exception on public airport grounds. Did you read the uber policy?
     
  4. chi1cabby

    chi1cabby Well-Known Member

    Location:
    Chicago
    Driving:
    UberTAXI
    From page 1 of
    From page 1 of the thread
    http://i.imgur.com/sUcww6j.png
    Please re-read the part about "primary while on an Active ride". And never mind the higher coverage on airport grounds.
     
  5. grams777

    grams777 Moderator Moderator

    Location:
    Nashville
    That's the point I was making. What you said is true except on public airports, then it is different. This is the actual policy. There is a part a, b, and c. All three apply.

    IMG_0994.JPG
     

  6. chi1cabby

    chi1cabby Well-Known Member

    Location:
    Chicago
    Driving:
    UberTAXI
    Thanx Grams...sorry bout the confusion! :)
     
    UberFox likes this.
  7. grams777

    grams777 Moderator Moderator

    Location:
    Nashville
    That's ok. For some reason uber didn't bring attention to it. I didn't even know until I read it. One point might be, you have better coverage sitting at an airport.

    You bring up a valid observation which I share. They are just doing what they were about to be forced to do by regulators. If they really cared, they would go primary with higher coverage during all aspects when the driver is logged in. As it is, drivers still have a significant insurance gap when in between rides. The argument that they don't know if you are driving for multiple companies could be addressed by pro rata type wording or superiority of claims in the policy. This is rather frequent in other lines of insurance and is not unheard of or that difficult to word. They just don't want the expense.
     
    UberFox likes this.
  8. chi1cabby

    chi1cabby Well-Known Member

    Location:
    Chicago
    Driving:
    UberTAXI
    Grams they will not get away without "App on" primary coverage. The insurance industry will not give up the fight in order to not subsidise ride-sharing on the backs of ordinary personal car insurance policy holders. And as far as multiple apps being on simultaneously, the companies can figure out the minutia...after all they are "tech companies", right?
     
    grams777 likes this.
  9. Allaffair

    Allaffair Member

    I was considering the Santander option also just for these reasons.

    : can get a late model Camry (gas savings) 2013/14 with little upfront money tied up
    : can use the vehicle for both lyft and uber
    : I thought it would keep working coming to you if payments are coming out of checks

    I am wondering how well the last one will hold up though.
     
  10. painfreepc

    painfreepc Well-Known Member

    Location:
    Fontana, CA
    Driving:
    UberX
    just found out, the weekly payments you make on your uber lease-to-own car, will not help your credit score.
     
  11. UberXNinja

    UberXNinja Active Member

    How's the leasing process going for you painfreepc. Think you'll be able to hit the road soon? Or did you get a deal-breaker from them?
     
  12. SCdave

    SCdave Well-Known Member

    Location:
    LA / OC
    Driving:
    UberX
    If you haven't already, send out Email to 5-10 Toyota Dealers asking about the Uber Promotion for Toyota Camry Hybrid. See what response is. Which dealers have experience with it or are interested in the program. Ask if you can stack whatever Uber Discount is with other promotions that are currently available. Ask if they can add an extended warranty.

    Google Uber Driver Lease Program and this Sacramento Area Toyota Dealer came up. Good luck. Leases I've had in past always had Gap Insurance included. Make sure this program has it too.
    http://www.rosevilletoyota.com/toyota/rosevilletoyota/uber
     
  13. Kwame

    Kwame New Member

    Location:
    Washington DC
    Driving:
    UberX
    You guys are putting some serious miles on your vehicle. How are you doing your taxes for business? Are you taking the mileage deduction the government is allowing for home based business use? I projected to drive 24,000 this year including going back in forth to my day job. $24,000 x $0.56 a miles = $13,552 in tax deductions x my tax bracket 25% = $3,388 added cash refund from Uncle Sam. I would post a link, but I need one more like to meet this forum minimums to post a link. Watch this video here.

     
  14. painfreepc

    painfreepc Well-Known Member

    Location:
    Fontana, CA
    Driving:
    UberX
    The 40,000 unlimited miles, is not unlimited if you return the car before end if contract, you are only allowed 40,000 miles per year, overage is $0.25 per mile.

    The mileage is not prorated, if you returned car in 12 months the limit is 40,000 miles, return car in 23 months the limit is still 40,000 miles, return car in 24 months the limit is 80,000 miles.

    have questions, call santander consumer usa, @ 855-443-1994 this number is for the uber lease-to-own.

    Have your uber ID number ready
     
    Last edited: Aug 23, 2014
  15. Oscar Levant

    Oscar Levant Well-Known Member

    Driving:
    UberX

    For me, personally, it would be a bad idea. I've driven those kinds of hours, in years past, and living life in a car gets real old, real quick.
     
  16. DriverJ

    DriverJ Well-Known Member

    Location:
    Petticoat Junction
    Driving:
    UberX
    As long as you don't require food, shelter, clothing, medical care - any of that crap, you should be good to go.
     
    Sydney Uber and UberPissed like this.
  17. UberGirl

    UberGirl Active Member

  18. Oscar Levant

    Oscar Levant Well-Known Member

    Driving:
    UberX
    With these low rates, we are effectively not compensated for use of our cars.
    In essence, Uber is stealing our cars to pay it's own overhead.

    If you stole one dollar each from a million people, would you be any less of a criminal than if you stole one million bucks from one person?
     
  19. SCdave

    SCdave Well-Known Member

    Location:
    LA / OC
    Driving:
    UberX
    Affirmative Oscar. Uber is using Driver Assets (Vehicle) to help finance growth. All of the investors know this. It is now becoming like a "PayDay Loan" for many drivers. You know, getting cash out now (of new vehicle) and paying for it later (depreciation).
     
    grams777 likes this.
  20. UberPissed

    UberPissed Well-Known Member

    Location:
    Chicago
    Driving:
    UberX
    You cannot deduct miles that are commuting.
     

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