The biggest hurdle in entering the billion dollars rideshare industry is having a car which qualifies the minimum vehicle requirements of rideshare companies such as Uber, Lyft and Tryp. The second biggest hurdle is ensuring that the car you have is not a money guzzler. In a different article we have covered why it is always economical to lease your rideshare vehicle. This article focuses on why leasing a hybrid car make more sense.
- Cost savings means more money in your pocket
The biggest recurring expense that rideshare drivers face is fuel. These days Hybrid cars provide up to 60 miles to a gallon. By merely switching to a hybrid car, you cut down your fuel expenses by Half if not two-thirds. With rideshare companies tightening their belts on driver pay-outs, this cost savings can go a long way.
- Less time at the pump means more time in Drive Period 1, 2 and 3
With higher fuel efficiency you will be spending less time at the pump. This means you have a higher chance of being assigned a ride and showing up on or before time. With a hybrid car, even when you are low on gas, you are might still be able to finish the ride before requiring to stop for gas while the passenger is still in your car. All these things also lead to better driver ratings.
- Drive full time for rideshare and do not worry about car depreciation
Ever try to sell a used car with extremely high mileage. Yes, it is extremely difficult to sell one. And when you provide a reason for high mileage the buyer wants to negotiate further because they classify your car as a pseudo fleet vehicle. Don’t be surprised if the auto industry ends up classifying cars used for rideshare as fleet vehicle. But with a carefully chosen lease program like RenLease Hybrids, you can comfortably lease a hybrid vehicle for the very specific purpose of ridesharing 50,000 miles a year.
- Treat mother nature like your own mother
Yes, the mother of all reasons why you should lease a hybrid car. With all the fuel economy and mileage, you will be doing your bit to go green. Feel good about driving passengers around town, knowing you have made a smart choice.
They say 2020 will be the year of the electric car. However, until the entire ecosystem around electric cars is matured, leasing a hybrid car for your ride share business seems like a better bet than any other lease program out there.