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How to Drive for Uber with a Car Loan in Ohsweken

How to Drive for Uber with a Car Loan in Ohsweken

One of our clients told us how they turned around a potentially difficult situation the other day. They were falling behind on payments and getting into financial trouble while they were on furlough because of the pandemic. Then they started driving for Uber with a car loan.

 

We tasked out Ohsweken auto loans team to check out how viable it is to drive for Uber with a car loan to earn a little extra to help you through.

 

Requirements to start driving for Uber with a Car Loan

 

Uber have made it relatively easy, some say too easy, to be able to drive for them.

 

You just have to have an Ontario G Driver’s Licence, be of a legal age to drive for rideshare, have an eligible car, have proof of work eligibility, have at least 1 years’ driving experience, be able to pass a background check and be prepared for a vehicle inspection for a Safety Standards (SSC).

 

You will also need a Private Transportation Company (PTC) licence to be able to drive in Toronto, Mississauga and Oakville.

 

Uber car requirements

 

There are also some vehicle requirements you may need to conform to, depending on what type of Uber you want to offer.

 

  • Uber X – Four door vehicle with space for 5
  • UberPool - Four door vehicle with space for 5
  • UberXL - Four door SUV or minivan with space for 6
  • Uber Eats – Vehicle less than 20 years old
  • Assist - Four door vehicle with space for 5
  • Premier - Four door premium vehicle less than 5 years old
  • Premier SUV - Four door premium SUV less than 5 years old

 

How to start driving for Uber

 

If you can work with those requirements, you could start driving for Uber whenever you like. You can begin earning within a few days to help pay your auto loan or other debts.

 

Here’s how:

 

  1. Sign up to Uber
  2. Provide the required documents to show you conform to the requirements
  3. Download and install the driver app on your phone once you’re approved

 

Once you sign up and Uber have verified your documents, you’ll be provided with a link to download the driver app. Install this on your phone and you can begin working as a driver.

 

You’ll also need to tell your auto insurer you’re a rideshare driver.

 

Is it worth driving for Uber?

 

It can be worth driving for Uber if you need extra money. If, like our client, you needed to earn some extra to make ends meet, it can be a good way to make some money.

 

However, there are no guarantees of earnings. You’ll earn different amounts depending on where you operate, the hours you work and number of hours you work.

 

Some types of Uber are more popular than others in different provinces so check out your area for demand.

 

You’re not an employee when you drive for Uber, you’re a contractor. That means all operating expenses are yours. You will have to put money aside for taxes and pay for your own gas, tires, repairs and vehicle maintenance.

 

That said, it is entirely possible to make $10-$20 an hour driving for the company as long as there is sufficient demand in your area.

 

We will use all our skill and experience to deliver the lowest possible Ohsweken auto loan rates, guaranteed. Contact Car Nation Canada Direct to learn how we can help.

 

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Categories: Auto Loan

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