Car shoppers now have several new options to avoid long-term debt and commitments.
Automakers and startups alike are increasingly offering services that give buyers new opportunities and greater flexibility around owning and using vehicles.Cars-as-a-ServiceIn the first part of this feature, we explored the different startups attempting to change car buying.
But not everyone wants to buy a car.
After all, a vehicle traditionally loses its value at a dramatic rate.Some startups are attempting to reinvent car ownership rather than car buying.Dont buy, leaseMy favorite car blog Jalopnik said it best: Cars Sales Could Be Heading Straight Into the Toilet.
Citing a Bloomberg report, the site explains automakers may have had the worst first half for new-vehicle retail sales since 2013.
Car sales are tanking, but people still need cars.Companies like Fair are offering new types of leases combining a traditional auto financing option with modern conveniences.
Even car makers are looking at different ways to move vehicles from dealer lots.Fair was founded in 2016 by an all-star team made up of automotive, retail and banking executives including Scott Painter, former founder and CEO of TrueCar.