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 […]

RideAustin Explores Driver Incentives With OEMs

  • Emma Sandler
  • May 25, 2017
RideAustin is currently in discussions with OEMs to provide “innovative programs” for drivers — which might include a leasing program similar to Uber’s Xchange Leasing or other driver incentives, Mobility Finance has learned. Founded after Uber and Lyft left Austin, Texas, last year — in protest of the city’s rule that drivers need to be fingerprinted by a […]

4 Companies Using Off-Lease Vehicles for Mobility Services

  • Emma Sandler
  • May 23, 2017
Off-lease vehicles have been climbing in recent years, causing a downward pressure on used pricing. However, this influx of off-lease vehicles provides a new opportunity for mobility-as-a-service providers. The rising popularity of leasing has resulted in a higher-than-average inventory of used vehicles returning back to car lots. Data also shows that as residual values drop, MSRPs have continued […]

Mastercard Talks About Trends and Views on Mobility and Electronic Payments

  • Emma Sandler
  • May 17, 2017
The world is moving toward a cashless society, and companies working on electronic payments are starting to recognize this new source of revenue by partnering with mobility services. Mastercard, in particular, has been working with whole cities to enhance transportation through open-loop payment systems. “There is real significant momentum for open-loop payments,” Ian Slater, senior […]

What Does the Lyft, Waymo Partnership Mean for GM?

  • Emma Sandler
  • May 15, 2017
Lyft and Waymo confirmed a partnership with each other yesterday to advance autonomous cars, appearing to provide evidence that Lyft might be distancing itself from its other major self-driving car partner — General Motors Co. However, that’s just the appearance. GM has invested $500 million in Lyft to develop autonomous vehicle technology together, and has teamed up for a slew of […]
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