;)
Zipcar has reduced its vehicle cost over the past few years by switching over to purchasing vehicles rather than leasing them, Forbes reports.
Through access to lower-cost vehicle financing, the company that lends vehicles to consumers when they travel, or when their cars are in the shop, is reducing their overall costs with the shift.
Trefis reports that the company should experience a 27 percent gradual profit margin increase over the next few quarters, party due to the new change that will save the company money in the long run.
Through a credit company, Zipcar has been loaned $50 million in vehicle financing that also boast more favorable interest rates and collateralization, according to the news source.
Currently, Zipcar's fleet – in the U.S., Canada and the UK, has a total revenue of 70 percent, including the leasing costs. While leasing will continue in Canada and the UK, the U.S. fleet will completely shift to purchased vehicles. The number of leased cars in the U.S. has already dropped from 90 percent in 2009 to 50 percent in 2011.
You can refinance a car loan with bad credit. But you might miss out on the best interest rates. If your existing auto loan payment for a new or used car is putting a strain on your budget, refinancing could be the solution you’ve been searching for. A refinance…
There's no shortage of lender options to refinance your car loan. Is a credit union best for you? So, you’re in the market for a new auto loan. Maybe your credit has improved since you first bought your car. Or perhaps you’re unhappy with your current lender. There’s no…
Yes, you can trade in an upside-down car. But that doesn’t mean you should. They say life comes at you fast. Well, so does car depreciation. The typical new car loses more than 10% of its value in the first month of ownership — and 20% in the first…