Want To Be a Lyft or Uber Driver?

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11 Things You Should Know

Ride-sharing companies Uber and Lyft make it easy to become an Uber Partner or Lyft driver. You simply download the Uber driver app or Lyft equivalent, sign up online, pass a background check, and demonstrate that your car meets the company standards. Within a week or so, you’ll be a Lyft or Uber driver, carrying passengers around town and making a bunch of money.

Well, it’s not quite that easy or lucrative, despite the marketing. Deciding to drive for one of the car sharing companies is a more complex business decision, and you need to take all of the costs and risks into account before you make the leap. You’ll be using your personal car, so there are insurance, financing, and leasing implications that you need to consider. The rules vary by location and company, so there’s a significant amount of research that you’ll want to do before you commit.

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