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Uber partners with SocietyOne to deliver car loans to it's Drivers

everythingsuber

Well-Known Member
This finance offer is interesting. One of the essential elements of a contract by my understanding is legality of object. The condition of this contact seems to be that you are driving for über which I think was proven to be illegal certainly in Victoria last week in the courts. As this finance contract involves you doing something that is illegal I'm not sure how enforceable it is should you choose to default on it.
 

groovyguru

Well-Known Member
This finance offer is interesting. One of the essential elements of a contract by my understanding is legality of object. The condition of this contact seems to be that you are driving for über which I think was proven to be illegal certainly in Victoria last week in the courts. As this finance contract involves you doing something that is illegal I'm not sure how enforceable it is should you choose to default on it.
The fubars at uBer probably don't care how legal it all is or if the borrower defaults, either. By then they have already factored the lease and income into their revs and multiplied it by 1,000,000 times and borrowed against it and spent the money on chicks and booze.
 

MyRedUber

Well-Known Member
And after you've financed your new car, will Uber guarantee you work, or might they still "deactivate" you, leaving you with the credit liability?
 

everythingsuber

Well-Known Member
I think über make it pretty clear they are a arms length from the finance providers. I imagine the likely outcome for anyone taking up the finance offers would be a good car for a couple of years then as the car becomes less reliable and a little worn the drivers rating will slide and he will be deactivated with a couple of years worth of payments still left to take care of. Starts well ends badly.
 

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