For nearly two years, Uber has offered a car leasing program that aims to remedy one of the biggest obstacles for those who wanted to sign up as a driver, but didn’t haven anything to, you know, actually drive. While some Uber drivers have expressed their frustrations with the Xchange Leasing program, a new report suggests that those taking …
NYS Entity Status
NYS Filing Date
DECEMBER 12, 2013
NYS DOS ID#
NYS Entity Type
DOMESTIC BUSINESS CORPORATION
2013 - JFK RENTAL & LEASING INC
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Uber’s Xchange Leasing program, which allowed Uber drivers to lease new cars that they could pay off by picking up passengers, was heavily criticized for charging lease rates far in excess of what drivers could get elsewhere, but it wasn’t until Uber realized it was losing boatloads of money on the program that it was in jeopardy — and now …
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Uber Technologies Inc. on Wednesday confirmed it is shutting down its U.S. auto-leasing business, months after it discovered it was losing 18-times more money per vehicle than previously thought.