Toyota and Uber Auto Lease partnership
Toyota has joined the bandwagon of auto manufacturers investing in ride sharing. The auto giant announced that it would be entering a partnership with Uber. Uber and Toyota would work on creating new leasing options that would allow Uber drivers lease vehicles with Toyota Financial Services providing financing to these drivers.
Toyota’s decision to sell cars to Uber invariably means Uber drivers stand to lease cars from Uber at even more favourable rates. Lease repayment will be flexible enough that partners and drivers that need to lease cars can do so and still make good profit at the end of the day.
Uber also has entered a partnership with Leaseplan, a leading multinational fleet management and driver mobility company, to create a convenient vehicle leasing solution to Uber drivers and partners across Europe. This service will be called Uber Auto Lease.
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