Advice for Vehicle Owners
1. Buy the right car at a good price
Making a good return on a competitive rental deal starts with purchasing the correct vehicle.
Remember, it doesn't matter if an Uber X is new or second-hand it still earns the same.
- Buy a second-hand car that is Uber-approved. See JHB approved vehicles | CPT approved vehicles.
- Mileage close to 30,000 km.
- Not older than 2015.
2. Set your rental to a competitive price
Experienced Uber Driver-partners who know how to earn consistently will look for competitively priced rentals, this means:
|Uber X||R2,250 to R2,850 per week|
|Uber XL||R2,500 to R3,000 per week|
|Uber Van||R3,000 to R4,000 per week|
|Uber Black||R3,000 to R4,000 per week|
There is still demand for higher priced rentals. However experience has shown that high priced rentals result in the car owner not receiving the full rental amount and the rental length gets shortened because the driver-partner will leave for a more competitive deal.
Key factors in being able to price a rental competitvely
- Initial cost of the vehicle.
- Minimise running costs. Servicing a new car through the original dealer is more expensive than using a quality independent service centre. Insurance/tracker costs can be reduced based upon the size of the fleet you own.
3. Choose a quality Uber driver-partner
Before committing to rent to a Driver-partner make sure to check their stats and speak with them. Do not wait too long because good driver-partners will find a car quickly.
- Look at their average historical Uber earnings (after Uber’s 25%) to see if this is enough to cover your weekly rental as well as fuel, data, cleaning and living expenses.
- Meet the driver-partner and get a feel for his/her abilities and build trust between the two of you.
- It is very important that the driver-partner knows how to login to and check their Uber partner account in a web browser like Chrome, Safari, etc. using the following link https://partners.uber.com/home/.
- Make sure the driver-partner understands the flow of money between themselves, Uber, DriverSelect and you, the car owner.