For those who may perhaps not be in the know Uber is a firm that works by seamlessly connecting riders with the right drivers that meet their requirements and preferences. This company carries out its wide and varied operations in more than fifty nations and a total of three hundred cities across the globe. Singapore is by far its leading market niches in the Asia Pacific region.
Apart from enabling drivers to earn a lucrative custom by meeting the transportation needs of their clientele base, Uber also provides car owners with an invaluable platform to augment their income. Quite simply by permitting them to rent out car to any driver of their choice.
– There happen to be numerous mitigating reasons why you may be driven to make such a decision if you are a car owner.
– To begin with, you may be planning to travel abroad for an extended period of time, but just do not know what to do with your car.
– Alternatively, you may have perhaps purchased a new vehicle , and frankly do not know what to do with the old one.
– On the other hand, you may not be very keen on paying monthly installments to a car rental or leasing firm. But you do not want to risk stopping doing so as selling you car outright can make you sustain a major loss. This is exactly Uber comes into play. This rent out car service is highly noted for its unmatched convenient and straightforward aspects.
– Currently this firm only deducts twenty percent from the amount every one of its drivers earn as a service fee. Which allows these individuals to pocket an attractive eighty percent for all their troubles.
– On the flipside, Uber offers what is known as surge pricing, which is simply an automation criteria that is geared to fully optimize rental car supply with rider demand.
– This one of a kind functionality features an automatic fare pricing multiplier that permits you or your driver to earn more while driving. Which in essence means that when rider demand surges up, so does the money you can expect to make. You may be at this juncture be probably wondering just how you can rent out car to an m Uber driver? Well, simply put nothing could be more easier than doing this.
– First of all you will need to determine whether your vehicle falls under the various categories of fleet models utilized by this firm. As we speak there are currently two different Uber rental car services, which are UberX and UberExec.
– The first one requires cars that at least possess four doors, are in excellent working condition and where manufactured latest 2006. There is currently no color restrictions for any vehicle that can be entered into the UberX service.
– When it comes to UberExec the given mandatory requirements are noted for been a bit stringent. As you may have probably realized by its name this rental car service offers luxury transportation in Singapore.
– Therefore, it is only high end cars such as Mercedes Benz 7 Series that were manufactured latest 2010 or newer. Mercedes S class sedans that were made in 2012 or later (black in color). Along with Alphard or Velfire (black in colour) that were manufactured `by latest 2012 or newer. Finally, Audi A6, Audi A7 and Audi A8 cars that are black in colour and were manufactured in 2010 or later than that.
– If the specific vehicle you wish to rent out car fits in any of these categories , you can definitely start earning an extra income through UberExec.
– The next thing to take into consideration after ascertaining the eligibility of your car for Uber is undoubtedly finding the right driver for it.
– Currently Uber drivers in Singapore must be at the minimum twenty five years of age, and have a valid class 3/3 A driving license. The last stipulation is only considered if the license in question has been in continuous operation for at least one year.
– Your driver will also have to be a Singapore citizen or one whose permanent residence is in this nation.
– Consequently, if for one reason or the other you may not be willing to do the actual driving, you will certainly have to find someone to do it for you.
– To this end, there happen to be a wide variety of firms in Singapore that offer an indispensable platform that enables car owners to hook up with reliable Uber drivers.
– These services are of course to be had for a specific fee, but it in the long run makes it cost effective than opting for ordinary car rental firms that operate in this country.
– Opting for these services also completely does away with the need to foot hefty monthly installment fees to keep your vehicle operational in either rental or leasing basis. Which is undeniably what characterizes most instances of these services, not only in Singapore, but also virtually everywhere in the world.
– To make things even better most of the reputable rent out car firms that specialize in Uber services have gone one step further and set up highly interactive websites. Where you can effortlessly get an evaluation of your car as to whether it fits into the previously mentioned UberX or UberExex car rental services.
– It definitely goes without saying that by making use of such websites you can be one step away from getting an Uber accredited driver, whose integrity and reputation has been vouchsafed . This goes a long in eliminating the high risk of falling prey to an unscrupulous individual that may be out to fleece you. As the exact rent out car firm will take upon itself the risk of providing you with an untrustworthy driver.
– Therefore, should you not really know where you should start when it comes to how to rent out your car to an Uber driver, this can be definitely as good place as any to start. And in the long run you can place yourself in an excellent position of augmenting your income in an extremely stress-free manner. Hope this article has been insightful.