Uber Xchange leases to marginal drivers

Mike Isaac’s Super Pumped (p. 265) describes perils in Uber’s Xchange program, in which Uber provided vehicles to high-risk driver with poor or nonexistent credit.  One, these drivers had disproportionate rates of safety incidents including speeding tickets and sexual assaults. Two, dealerships were pushing these drivers into expensive leases that lowered profits for both drivers and Uber — causing Uber to lose more than $9,000 per vehicle.  Furthermore vehicles were returned in far worse condition than anticipated.