> 1. Uber/Lyft don't own the cars. They are leveraging car owners capital In Singapore they tried out the model to own cars because car ownership is pretty low

> 1. Uber/Lyft don't own the cars. They are leveraging car owners capital In Singapore they tried out the model to own cars because car ownership is pretty low here in general ~10%. They bought cars at a massive scale. This model seems to be working for them and they have expanded this model to other countries. Check out Lion Car Rentals. 100% Uber owned.