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How to buy a new car with bad credit to drive for Lyft and Uber?

If you’re struggling with employment, bad credit, or transportation, you may want to consider ridesharing.   Although, you need a car you have several options to get that transportation like the following:

1. Buying a car

Buying a car is a big challenge for a person with bad credit.  However, you still have options to own a car and build a business through ridesharing.  If you’re employed but have bad credit you can buy a car from a buy here pay here car company.  They do not look at your personal credit which is perfect if you have bad credit. You may also have the option to borrow a car from a love one that has multiple cars and making payments to them.  Understanding buying a car is no small purchase, however, having the opportunity to up $16 an hour ridesharing it may just be worth the investment.

2. Express Drive

Lyft has partnered with General Motors to provide rental cars via the Express Drive Program, with weekly rates between $135 and $250. Drivers are eligible for $0 weekly rates when they hit 75 rides a week.

You’ll need to drive most of the week to bank that many rides, so it’s best for people who are looking to test the full-time driver lifestyle but don’t want to commit to buying a car.

3. Hertz and Enterprise

Hertz has partnered with Lyft and Uber to provide rideshare rentals. Lyft's deal starts at $165 for weekly rentals of compact sedans. After a certain number of rides per week, which varies regionally, drivers can earn a Power Driver Bonus to cover the rental cost.

Uber’s deal with Hertz is similar to Lyft Express Drive, but the two programs are offered in different cities. The Uber program has a $180-per-week base rate, which drops to zero after 75 rides a week.

Enterprise’s rentals, specifically for Uber, are a pricier $215 a week.

Renting is typically more expensive than buying a car and making monthly payments, but if you're a high-volume driver it basically can become free. Plus, if you don’t like rideshare driving, you can quit after a short trial period.

4. Uber Xchange

Uber Xchange offers short-term car leases from partnering car dealerships. Drivers pay a $250 deposit to start 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.

For example, a 2013 Toyota Camry L Base leased through Uber Xchange may cost 156 weekly payments of $130, or $520 monthly. Comparatively, leasing a 2017 Camry through a Toyota dealer is only $199 a month — though you need a good credit score.

Xchange saves drivers money by including maintenance and insurance, but this means full-time drivers are dependent on Uber servicing their cars quickly.

“My car was in a shop over a month while a claim was investigated, and the people in the Xchange office had no willingness to work with me on payments since I was generating no income,” says James Taylor, an Uber driver from Los Angeles.

However, Xchange offers unlimited mileage, whereas traditional leases typically start charging extra after 12,000 miles. It also allows members to return the car and back out after 30 days – minus the $250 deposit.

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. Remember, some lenders may be able to help you buy a used car at a better price.

5. Hyrecar

Hyrecar 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. There are no contracts or sign-up fees, and daily rates are as low as $35. Weekly rates float around $200 to $300.

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Should I Co-sign A loan, credit card, or Apartment for a Family member?

If you’re a parent then I suggest to add your kids on your credit accounts as authorize user.  This will build up their credit, so you as the parent will not need to co-sign for their student loans, cars, and apartments. 

Now, if you have a family member or love one that having credit issues and they ask if you would sign for them a car, credit card, or apartment, then I would suggest you not to do it.  The reason is that it could ruin the relationship.  For example, if a family needs to move into a new apartment and they ask you to co-sign and you decide to do it.  If that person loses his or her job, then you’ll be stuck with making the payments or ruining your personal credit and the relationship.

I always suggest if a person is having credit issues offer to help them repair their personal credit, if they refuse, then you know that person is not the one to be offering help too.  Some may argue that you should look at how financially responsible the person is in order to determine if it’s worth you putting your good personal credit on the line.  However, you must factor in that things could happen to the person or their employment and that may leave you on the hook for extra bills.

So, in conclusion, I would suggest find other ways to help them, rather reserve the relationship then jeopardize personal credit if the person is not will to fix their own credit.

In business, marketing is the key to survival. Marketing takes a lot of planning, organizational skills, budget measures and timing. Proper planning and accountability measures will enable you to position your business for success.  To ensure maximum ROI (Return on Investment) of your marketing plan, these are 6 tips for a successful business:

1.   Update Your Marketing Plan

If you are planning to expand your business or wish to give it a directional turn, then it is important to update your existing marketing plan. With a well thought out marketing plan, it becomes easier for a business owner to systematically promote the company.

In addition, it is imperative that marketing collateral such as business cards, logo, signage and promotional material are in alignment with your overall message.

Updates to your plan should be based on careful assessment of the market, understanding the needs of the consumer and consideration to the objectives and outcomes of the plan.

2.   Create a Marketing Budget

Marketing is crucial for business success. For every marketing plan to reach its full potential, it is vital that a budget is in place.  Allocating too little capital can be a detriment to your future goals. For example, a new business that calculates start-up costs for business cards, logo, flyers, a website and custom shirts is a smart move.

In addition, a business owner should follow a goal-based budgeting plan; one that includes customer service initiatives, communication, and all prospecting activities.

3.   Implement a Marketing Campaign

A marketing campaign includes several activities carried out to accomplish a pre-planned goal; generally the promotion of a product or service.  To see how well a marketing campaign works, consider planning it as a 30-day or 90-day trial to avoid unforeseen losses. By running it for a short period allows you monitor the feasibility of the plan with your target market; set clear campaign objectives; and plan the outcomes accordingly.

Successful campaigns are carefully researched and centers on details and implementation, rather than on a single, big idea.

3 Memorable Marketing Campaigns:

1. “Just Do It” – Nike
2. “Where’s the Beef?” – Wendy’s
3. “Absolutely, Positively Overnight” – FedEx

4.   For Heaven’s Sake… Find FREE Marketing Opportunities

When you want to reduce your marketing budget, it is essential to take advantage of free marketing opportunities. With so much impetus being laid on web-based marketing services, you can find a multitude of free PR on the internet. There are numerous press release and article submission services, Google and Yahoo local listings, online directories and similar services to create company profiles and promotional opportunities.

5 FREE Offline & Online Services

• Social Media Networks - Facebook, Twitter, LinkedIn, Pinterest, Foursquare, Google+
• Guest Blogging
• Customer referral program
• Public speaking
• Business Network Group – online and offline

5.   Ask For Referrals

Referrals… a powerful selling tool!  To be introduced to a potential client through a personal recommendation is GOLD! Asking your clients, associates, partners or consumers for referrals is a cost-effective way of expanding your network. People do business with those they know, like and trust. So, the best compliment you can earn is from those who like your product or services.

There are also fee based referral programs that provide extensive leads to specific consumer markets.

6.   Always… Always Follow Up!

Last but never the least, always follow up!  A follow up process is extremely important in securing business from new clients and in maintaining rapport with existing ones.

4 Easy Ways to Follow Up: 

• Send a thank you note
• Make a phone call
• Email a greeting card
• Mail a special gift

 In business, there are no guaranties for success; however, incorporating these 6 tips will significantly improve your chances of having a profitable company.

About Sylvia:  Sylvia Browder is a small business consultant, trainer and author. She is founder of National Association Women on the Rise, a virtual community for aspiring and established women entrepreneurs. She has served as an online volunteer SCORE counselor since 2004. For FREE weekly articles go to Sylvia Browder’s Blog for Women Entrepreneurs, www.sylviabrowder.com.  Want to work with Sylvia? Go to, www.browderconsultinggroupllc.com. She can be contacted at info@browderconsultinggroupllc.com.

Marketing is so important for small businesses. Whether you realize it or not it is something that you have to do constantly to get and keep your name in the public eye. A local marketing guru here loved my bookmarks and labeled them unique.  He stated his first question to a business owner is, What is your budget for marketing?" If they can't give him a fiqure, even if its only $25.00 a month, he ends the meeting. He stated, You have to make a commitment to consistently do something". According to him if there is no commitment to consistently market your business, then you are just spinning your wheels.

The bookmark below is my primary offline marketing tool. The current version includes a 10% off code "Bookmark" for both my sell sites.  My reasoning is that people will hold on to it longer. I'd like to hear from you if you think this is effective? Should the design be changed? Do I need my picture included?

Have you thought about or outlined your marketing paln for 2011? What materials are you using to market your business? Are you finding them effective to get traffic to your sell site or blog? Inquiring minds want to know? Smile

http://wirequeen.blogspot.com/2011/01/marketing-for-new-year-2011.html

Your ad strategy should begin before you even put the "Open" sign in your window. Getting ready for customers starts with the decision that you're going to open up your own business. Gear up now to reap the rewards of success for the life of your business.

Develop Your Message
Know what you want to tell customers about your business. Let's say you want to open up a furniture store.

Do you want to be known as the discount furniture store or the upscale furniture store? Do you have a large inventory or select pieces?

Develop your message to help customers identify your business. A vital tool in developing your message will also come from your marketing plan¹.

Consistency in Look
The colors you choose, your logo and all of your materials should be consistent. Don't just choose red because it's your favorite color.

Take this major decision one step further. Companies spend a lot of time and money on developing their look.

No matter what the size of your company, you should too.

McDonald's is known for its golden arches. Home Depot is known for its bright orange. You've got to think about how you will brand your company right from the start.

Your logo's look, the font size and type you use, even your slogan should be consistent from the business cards you have printed to the front door your customers will be opening.

Identify Your Competitors
What other businesses in your area will you be competing with for the customer's dollar? Identify those competitors and your differentiators.

What makes your company better? What makes their company better? Take your company's strong points and use them to attract customers. Take your company's weaker points and see how you can improve them to fill those gaps.

Even when your company takes off, continue to analyze your differentiators. There's always room for improvement and more sales as business evolves.