Marketplace®

Daily business news and economic stories

Uber’s divorce from auto leasing business highlights subprime market risks

Uber, amidst its many troubles, will be winding down one chunk of its business. The Wall Street Journal reports that Uber will end it’s car leasing program by the end of the year. You may remember from 2015 that Uber started an auto leasing division as a way to attract new drivers. The idea being, […]

Uber, amidst its many troubles, will be winding down one chunk of its business. The Wall Street Journal reports that Uber will end it’s car leasing program by the end of the year. You may remember from 2015 that Uber started an auto leasing division as a way to attract new drivers. The idea being, if you wanted to drive for Uber but maybe didn’t qualify for your own car loan, Uber would give you one! Well those borrowers were what we call subprime and the subprime auto market gets a lot of attention these days. 

Click the audio player above to hear the full story.

Related Topics

Latest Episodes

View All Shows
  • Marketplace
    9 hours ago
    25:13
  • Marketplace Morning Report
    14 hours ago
    7:08
  • Marketplace Tech
    19 hours ago
    4:54
  • Make Me Smart
    a day ago
    15:13
  • Million Bazillion
    2 days ago
    5:01
  • This Is Uncomfortable
    24 days ago
    2:27
  • Financially Inclined
    2 months ago
    12:30
  • How We Survive
    2 months ago
    22:09
  • The Uncertain Hour
    3 months ago
    22:50
  • Corner Office from Marketplace
    5 years ago
    20:58