4 ms·

Uber has been financing driver car purchases for years. They might as well own the car.

• projectramo 8y ago
  No, I don't agree with that logic. Credit risk is not the same as the risk on owning the asset. Your bank might lend you money to buy a house based on your excellent credit and your large downpayment. That does not mean they want to rent out your home, speculate on home prices etc. They may end up doing some of this tangentially (they have to dispose of the house if you end up not paying) but that is not the same business.
  • mcguire 8y ago
    A home loan is a speculation on house prices. That was the lesson of 2008.
  • busterarm 8y ago
    The bank financing your loan doesn't derive 100% of its income from their use of the home they loaned you. Uber's risks are additive here. They're extremely leveraged.