Friday, November 10, 2017

Uber Has Ended Its Subprime Car Leasing Program for New York Drivers



By Alison Griswold

Uber has ended a troubled car leasing program for drivers with bad credit in New York.

The company told Quartz it terminated the lease-to-own program it operated through partnerships with four car dealers in New York City after an internal audit of its “vehicle solutions” in the city. That review was prompted by a Quartz investigation into the subprime car leases that Uber marketed to its largely immigrant driver population, which came with three-year contracts and high termination fees. Uber halted referrals to the car leasing program in June, after being approached about it by Quartz. 

Click here for the full article. 

Source: Quartz (via The Empire Report)

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