The extenson of a micro-leasing program to dealers marks a milestone for DriveItAway, which now has the potential to offer quality used vehicles to hundreds of thousands of prospects shut out of the market, said DriveItAway founder and CEO John Possumato.
DriveItAway Holdings, Inc., a provider of new automotive industry digital mobility platforms with unique “micro-lease to purchase” technology, this week announced its retail app, software platform, and lead base to all interested automotive dealers.
It’s combining the tech offerings with fleet credit line financing from Westlake Fleet, part of Westlake Financial, one of the largest privately held finance companies in the U.S.
DriveItAway also recently announced the national expansion of its partnership with Partners Personnel, a large U.S. staffing companies, to give all employees access to quality personal transportation on its micro-lease to purchase platform, regardless of down payment or credit score. This helps solve one of the biggest problems in entry-level employment today: A lack of transportation to get to work.
The resulting positive response and demand for the DriveItAway program following the announcement nationwide has been overwhelming, requiring more vehicles on the platform for customers, and the company is now encouraging dealers to partner up and use its app and platform as a software as a service (SaaS), offering the DriveItAway micro-lease program to satisfy this demand and their showroom customers who may not meet down payment or credit requirements for conventional vehicle financing.
A critical element for a dealer to use the DriveItAway SaaS platform and benefit from the national demand is fleet financing, while the cars are on the micro-lease program paid for by the driver. Westlake Fleet, part of Westlake Financial, now will provide funding options to DriveItAway SaaS platform dealers allowing for easy scale and implementation.
“This marks a new milestone for DriveItAway, and our micro-lease platform, which has the potential to offer hundreds of thousands of prospects now shut out of the market a quality used vehicle,” said John F. Possumato, founder and CEO of DriveItAway Holdings, Inc., in a news release.
“Our partnership with Partners Personnel has now given us overwhelming nationwide demand for our micro-lease solution, so now is the time for the rapid expansion of our SaaS solution for all car dealers nationwide, to satisfy these customers vital to dealers who want to expand sales and market share,” Possumato said.
