10 Innovative Startups Disrupting Mobility Finance

  • Emma Sandler
  • May 30, 2017
It’s old hat now to say that auto finance is an industry ripe for disruption because, quite frankly, it’s already happening. From keyless carsharing technology to bringing the entire car-buying process online — including discovery, financing, purchase, and trade-ins — the shakeup of finance is well underway. Each company has a different business model and offers consumers […]

Lease Program Is On the Horizon for Fasten Rideshare

  • Emma Sandler
  • May 30, 2017
Fasten plans to explore opportunities to offer a leasing program to its drivers, following the startup’s nationwide expansion, Mobility Finance has learned. The Boston-based rideshare company, founded in 2014, came to prominence in 2016 when Uber and Lyft left Austin, Texas, last year — in protest of the city’s rule that drivers need to be fingerprinted by a third-party service as a […]

Two Japanese Firms Partner to Offer Vehicle Leasing in Cambodia

  • Emma Sandler
  • May 26, 2017
Two Japanese companies — Renet Japan Group Inc. and SBI Holdings — will be creating a new leasing company in Cambodia, the companies announced Wednesday. The joint venture leasing company, called Mobility Finance Cambodia, will carry out commercial taxi leasing and other business activities as the first step. After the company is set up, it will […]

Fair Eyes New Partners as It Preps for Launch, President Says

  • Natalie Mattila
  • May 25, 2017
SAN DIEGO — Fair, although still in startup stealth mode, appears poised to launch its business by next year, and is seeking new partners. That according to comments from Georg Bauer, the company’s co-founder and president, was the upshot from Auto Finance Innovation 2017 last week. “At the next [Auto Finance Innovation] conference, I would be delighted […]

Tesla Offers End-of-Lease Upgrades to Maintain Production Levels

  • Emma Sandler
  • May 24, 2017
It’s been three years since Tesla introduced its in-house leasing program, and now thousands of owners are coming off their Model S leases every quarter, prompting the automaker to introduce vehicle upgrades earlier this week as an end-of-lease option. A standard Tesla lease is 36 months, and three years ago the only vehicle available was the […]
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