A new deal between Toyota and Uber will explore ride-sharing opportunities and create new leasing options for car shoppers.
Toyota on Tuesday said the two companies will offer the new leasing options in which car purchasers can lease their vehicles from Toyota Financial Services and cover their payments through earnings generated as Uber drivers.
The new leasing options may be available later this year.
“The leasing period will be flexible and based on driver needs,” Toyota said in a statement. “This initiative builds on Uber’s current Vehicle Solutions program.”
Uber said that Toyota vehicles are among the most popular cars on the Uber platform worldwide. The Toyota lineup includes the Toyota Corolla, Toyota Camry, Toyota Sienna and Toyota Tacoma.
“We look forward to collaborating with Toyota in multiple ways going forward, starting with the expansion of our vehicle financing efforts,” said Emil Michael, chief business officer of Uber, in a statement.
In April, Edmunds published its own list of 10 Best Cars for Uber Drivers.
Edmunds says: The future of mobility is creating some intriguing lease options for car shoppers.
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