Here Are Five Ways to Drive for Uber, Lyft Even If You Don't Own a Car

If you'd like to drive for Lyft or Uber but don't have a car, there are a lot of options to get you rolling. Here are five to consider.1. Buy a carRideshare drivers average $14 to $16 an hour, according to used vehicle in the $5,000 to $15,000 range gives you the best chance of paying for the car with your rideshare earnings.Don't forget that you'll need rideshare insurance.2. Express DriveLyft has partnered with General Motors to provide rental cars through the Express Drive Program, with weekly rates between $165 and $180. Drivers are eligible for $0 weekly rates when they hit 75 rides a week.3. Rental car companiesHertz has partnered with Lyft and Uber to provide rideshare rentals. Lyft's deal starts at $165 for weekly rentals of compact sedans. Uber's deal with Hertz is similar to Lyft Express Drive, starting at $180 per week base rate, but the two programs are offered in different cities.Enterprise's rentals specifically for Uber are a pricier $210 a week but drop to zero after 75 rides a week.4. Uber XchangeUber Xchange offers short-term car leases from partnering car dealerships. Drivers pay a $250 deposit and make weekly payments over three years. Xchange leases to people with poor credit, but monthly totals and interest rates are much higher than with conventional financing.Consider Xchange only if you're driving 40-plus hours per week, want a car for personal use and can't get other financing because of your credit.5. HyrecarHyrecar is a peer-to-peer rental service specifically for ridesharing. Uber and Lyft drivers connect with car owners to use their vehicles at varying daily, weekly and monthly rates. You can sign up on Hyrecar's website to find cars near you.These prices and promotions change frequently, and you should always double check all the rules of the program before committing.Nicole Arata is a writer for NerdWallet, a personal finance site.  Continue reading...

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