Uber Launches Car Leasing Program To Attract More Drivers

There’s one big obstacle for anyone who wants to sign up as an Uber driver and hit the road — if you don’t have a car, you’ve got nowhere to put any passengers. Uber wants to make it easier to attract potential drivers, launching its own auto leasing subsidiary unit that will bring the ride-hailing company into the financial services industry.

There aren’t many details about the costs of the new leasing pilot project, called Xchange Leasing, butUber says it will offer both new and used cars. Participants in the program can return the vehicle with two weeks notice and “limited additional costs,” the company said.

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