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My theory 2 years ago was that the likes of Uber, Lyft et al. would cause more and more people to buy new cars that couldn't really afford it. Should demand for
by venantius 7y ago
My theory 2 years ago was that the likes of Uber, Lyft et al. would cause more and more people to buy new cars that couldn't really afford it. Should demand for ride sharing ever stall or fall off, the continued increase in people entering the "gig economy" workforce in such a levered manner would be catastrophic to the auto loan industry.
- jjeaff 7y agoI think uber recently killed of it's in-house leasing program. But I imagine they may have a huge amount of liability on the books depending on how many of those leases haven't expired yet.