Xchange Leasing May Not Be Shuttered as Uber Still Pursues Buyers

  • Emma Sandler
  • October 3, 2017
Uber Technologies Inc.’s Xchange Leasing program may not be out of the game yet, Auto Finance News has learned. After months of losing money — and weeks of speculation — Uber announced yesterday that it was beginning to wind down its subprime leasing program in the U.S. market. But the rideshare company is still pursuing buyers, a company spokesman […]

Subvention in Jeopardy as Carshare Signals ‘Subscription’ Financing

  • Natalie Mattila
  • April 19, 2017
Financial incentives have been one of the most powerful tools for manufacturers to boost sales and finance volume for years, and in the past, OEMs have relied heavily on their captive finance arms to help make these promotions happen. That might end soon. “You will see OEMs that will say, ‘Hey, if you stay with […]

Credit Cards to Play Big Role in Autonomous Cars, Analyst Says

  • Natalie Mattila
  • April 14, 2017
The credit card industry might get a massive boost once autonomous vehicles come to market, and what’s more: Consumers will no longer need excellent credit when financing a car. “Today, you can either buy, finance, or lease a car, and all three things require excellent credit; I believe in the future, that’s going to go away,” Grayson […]