Nonprime new EV financing up 53% YoY
The share of nonprime consumers financing EVs rose sharply over the past year and has doubled since 2020. In the ...
Tag: driveitaway
Leasing drives EV adoption, but consumer skepticism persists
EV leasing has helped drive adoption, but more education is needed to win over skeptical consumers. “We have an EV ...
Podcast: Unlocking EV potential through leases, used market
Leasing an EV or buying a used one offers a more affordable option in today's challenging market, but many consumers ...
DriveitAway secures $2M credit line
NASHVILLE — DriveItAway Holdings has secured a $2 million credit facility led by Auto Leasing II as the subscription-to-own platform ...
Westlake offers fleet financing to DriveItAway dealers
Westlake Financial Services is offering fleet financing for dealers that have signed on to mobility platform DriveItAway’s subscription-to-own model. ...
Lower credit tiers key to EV growth
Prime consumers have dominated electric vehicle purchases and financing, but for adoption to reach OEM benchmarks, near-prime and subprime consumers ...
EV leasing climbs amid high prices
EV leasing is gaining traction as consumers try to capitalize on federal tax credits, even as EV prices continue to ...
5 questions with … DriveItAway Holdings Chief Executive John Possumato
Driveitaway Holdings founder and Chief Executive John Possumato views this as the most exciting time to be a part of ...
