EVs, Driverless Cars Spark Most Interest From Millennials, Chase Finds

  • Natalie Mattila
  • December 20, 2017
Millennials are showing the most interest in purchasing an electric or autonomous vehicle over other age groups, according to a recent study conducted by Chase Auto Finance. Chase found that 43% of millennials are likely to purchase an electric vehicle, as compared to 37% of consumers ages 35 to 44; 20% of consumers ages 45 […]

Partnerships ‘More Productive’ Than Equity Investments, Getaround CFO Says

  • Natalie Mattila
  • November 30, 2017
LAS VEGAS — While equity investments are beneficial for startups, “arms-length” transactions or strategic partnerships that rely on factors other than equity return are often “more productive,” Getaround’s Chief Financial Officer Adam Kosmicki said at the 2017 Auto Finance Summit. “The expected value of [that equity investment] can often be a lot lower than investing internally […]

BMW Investment in Fair Signals Potential Partnership

  • Natalie Mattila
  • November 17, 2017
BMW i Ventures’ recent investment in Fair — a used-car, no commitment leasing app — might evolve into a “strategic business partnership,” Fair Co-Founder Georg Bauer said at the Auto Finance Summit. “There are ways of turning this monetary investment into a strategic business partnership,” Bauer said, adding that, for now, it is “a starting point” […]

Fair to Close Funding Round, Secures Offers for Nearly $1 Billion in Capital

  • Natalie Mattila
  • October 23, 2017
Fair — a used-car, no commitment leasing app — is closing a strategic funding round for an undisclosed amount and has additionally secured offers for nearly $1 billion in capital from a group of institutional investment banks, the company announced today. The funding round was led by BMW i Ventures, and includes investments from other strategic […]

Canadian Digital Platform Launches U.S. Version

  • Natalie Mattila
  • October 20, 2017
USA Drives, the U.S. division of auto loan platform Canada Drives, is already seeing a quick consumer and dealer adoption rate one month after launching, founder and co-Chief Executive Cody Green told Auto Finance News. Vancouver-based Canada Drives launched in 2010 and works with dealer partners’ existing lenders to secure indirect financing or personal loans for the vehicle they […]
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