“Xchange Leasing” …..a $1 billion credit facility led by Goldman Sachs:…includes capital from Citigroup, Deutsche Bank AG (New York Branch), JPMorgan, Morgan Stanley and SunTrust,….
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The company created Xchange Leasing last year as a wholly-owned Uber subsidiary. For a $250 deposit, an Uber driver can lease a new midsize or economy car, be it a Chevrolet Malibu, Honda Accord or Toyota Prius.
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Uber knows full well that for many people the Uber gig lasts just a few months. Owning a new car is not always feasible nor is it a priority. Here's the key: The car can be returned at any time with two weeks' notice, and the customer just loses the deposit with no further obligations.
Hatte mich doch irgendwie verwundert, dass UBER bereits im JULY 2016 diese weitere rd 1 Milliarde Kredit von Goldman Sachs erhielt, nachdem UBER doch erst einen Monat zuvor die rd 4 Milliarden aus Saudi Arabien bekam.
Die Auflösung ist einfach. UBER bekam diesen Banken-Kredit für “Xchange Leasing”, womit UBER mögliche Uberfahrer recht unbürokratisch mit neuen Autos versorgen kann zu wöchentlichen Raten ab rd usd 120,- ++ (also rd. 600,-/Monat).
Derart Uberfahrer können ein Auto binnen 2 Wochen unbürokratisch zurückgeben und verlieren lediglich die hinterlegte usd 250,- Deposit. Zurückgegebene Autos werden zum nächsten Uberfahrer weitergereicht (insofern: „Xchange“). Alle möglichen Autohersteller machen da mit und geben Uber noch einen satten Bonus, …..auch Toyota. Für operative/kalkulatorische Verluste kommt UBER auf (also: „Subventionierung Fuhrpark“).
Auf diese Weise bekommt UBER diverse weitere Fahrer mit Auto auf die Straße, die jedoch oftmals schnell die Lust an dem „schlechten Geld“ verlieren und das Auto wieder zurückgeben wollen (auch deshalb “Xchange”).
Diese verlustgeneigte „undurchsichtige Uber-Struktur“ möchte Kalanick beibehalten, solange möglich und sagt selbst, dass ein Börsengang (IPO) in weiter Ferne steht („
That level of transparency won't improve anytime soon. Kalanick told CNBC in March that he'll make sure
an IPO happens "as late as possible"). Nur, wenn die „Subventionierung“ von UBER mangels Geldnachschub abreißt, wird es in USA ein wenig krachen. Ist der Umsatz bei UBER / USA erst groß genug, könnte UBER „too big to fail“ sein und selbst D. Trump mag dann aushelfen, Kalanick notzubeatmen (Amarica first).
Der ganze Artikel: „Uber is gearing up to upend the auto loan market“
Hier lediglich ein paar Auszüge / weitere Phrasen aus dem Artikel:
http://www.cnbc.com/2016/06/07/uber-wan ... ustry.html
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Financing cars by the thousands is hugely expensive. Xchange secured a $1 billion credit facility led by Goldman Sachs, according to a person familiar with the matter. The facility was put in place last week and includes capital from Citigroup, Deutsche Bank AG (New York Branch), JPMorgan, Morgan Stanley and SunTrust, the person said.
The credit facility was previously reported by Bloomberg News.
https://www.bloomberg.com/news/articles ... -get-a-car
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By the end of 2016, Uber expects that 100,000 cars will have been provided globally through the vehicle solutions programs, with $2 billion going toward car sales.
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Drivers approved for the program pay around $120 to $160 a week, and the money is deducted automatically from their earnings. At $600 a month or so for many drivers, that's a hefty lease, leading critics to claim that the terms are predatory.
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At Stevens Creek Toyota in San Jose, Xchange accounts for 5 percent to 10 percent of monthly sales, said Ray Khandan, e-commerce director at the store. That's enough volume for Uber to have its own showroom.
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Selling a brand-new car is only part of the deal. To avoid buying an overabundance of vehicles and sending many to auction after they get returned, Xchange has dealerships reassign cars to other Uber drivers when they get returned. It can be after a few weeks or a few months, and Xchange leases them to drivers with more troubled credit profiles.
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In his interview with CNBC, Kalanick said he takes an "Amazonian" approach to building Uber, referring to Jeff Bezos' tactics of constantly moving into new businesses.
It's a useful framework, considering Uber's aggressive push into auto leasing.
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Chapin was managing operations at Uber in New York at a time when the company was exclusively a service for black cars. In his many conversations with drivers, he would frequently hear about the challenges they, their friends and family had getting financing for vehicles because so many were immigrants and lacked a credit history.
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And for those who want to own, Uber has deals with all the major manufacturers for fleet discounts typically of $1,000 to $5,000. In May, Toyota invested in Uber as part of a strategic deal that will include new leasing options through Toyota Financial Services.
„Noch sitzt ihr da oben, ihr feigen Gestalten. Vom Feinde bezahlt, dem Volke zum Spott. Doch einst wird wieder Gerechtigkeit walten, dann richtet das Volk. Dann gnade Euch Gott !“