No car? No problem for ride-sharing companies like Uber and Lyft.
These companies are offering rentals, leases and financing deals aimed at getting more drivers on the road. After all, the more drivers they sign up, the more rides are available and the more money they make. But critics say drivers are paying high and even predatory prices.
“The lease terms are awful, you could buy the car for what they are being leased for, or maybe even less,” said Greg McBride, chief financial analyst at Bankrate, of Uber’s Xchange leasing program.
Read this story now for free
To continue reading, sign up for our newsletter and get unlimited access to WABE.org
You can select your preferences for news and local content. We will never share your email address. Learn how your newsletter sign-up will support WABE and Public Media
