Do you actually know anything about their lease program? The lease program is designed for Uber drivers who want to work full-time. There's no mileage limit, and it's meant to just return the vehicle, so things like residual value, etc are meaningless. Uber drivers can easily put on 70k miles in a year, something you never could do on a traditional lease. And you can walk away from the lease with a 2 weeks notice.
How exactly is this predatory? If you're only driving minimally, then it's definitely not a good deal, but it's not meant for those drivers. It's for drivers who drive full-time, ie. 40+ hrs a week.
Just to clarify, you're completely wrong about the program. As I said, it's designed for full-time drivers, not casual drivers. But you can return it after 30 days with 2 weeks notice, and that's it. You are not on the hook for payments. It has unlimited miles and it includes oil change, air filter and tire rotations.
All car leasing schemes are expensive in the long run, this one seems to fall in the middle ground - less upfront costs than most, more expensive ongoing. But the cost and repayment method is all quite clear, anyone with a few minutes and a calculator can work out if this is a financially sound option for them.
If you can't understand what you're signing then you shouldn't be signing it, very simple really. For some people this leasing scheme would be fine, for other's it could lead to financial trouble - Uber doesn't have to work that out for people.
Not sure where pay day loans come into this? Uber has some kind of once off upfront pay advance incentive thing, but there's no interest and the terms are something quite generous like 15 weeks so it's not even remotely like a pay day loan.
This one takes your car payment out of your pay check. Stop driving and the negative balance accrues. You can work it down by driving. In a traditional lease you can default and get sued. In this case you can default by stopping work, and accumulate a negative balance. If you start working again the balance due is taken out of your next paycheck-essentially becoming a slave.
How exactly is this predatory? If you're only driving minimally, then it's definitely not a good deal, but it's not meant for those drivers. It's for drivers who drive full-time, ie. 40+ hrs a week.