Um, in many many ways. It's probably easier to compare it to something similar, e.g. An ordinary car lease. Here, you have all the advantages/disadvantages of a leasing agreement, but you're now tied to work as a contractor to Uber, who have no obligations to you. No guarantee of work, no certainty of income, few benefits. Meanwhile, should you stop working for them or if business is not good, suddenly you are on the hook for a lease that you can no longer afford.