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Hyundai Capital America and flexdrive partner to develop alternative models to vehicle ownership

Hyundai Capital America (HCA), the captive finance company for Hyundai Motor America, and flexdrive, a mobility subscription technology and services platform, announced a strategic partnership to support the development of alternatives to the traditional vehicle ownership model that include economic benefits for both automotive dealers and consumers.

The companies are co-developing various financial options that support the industry’s evolution towards vehicle subscription as an alternative to traditional ownership, which provides tangible value to consumers and dealers.

In addition, HCA and flexdrive are providing access to thousands of vehicles to rideshare drivers across the country through flexdrive’s partnership with the Lyft Express Drive program.

Comments

HarveyD

Ride and vehicle sharing could become cheaper than owning a vehicle, specially for people retired or with lesser use.

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