Inside Uber’s Auto-Lease Machine, Where Almost Anyone Can Get a Car

In a deal led by Goldman Sachs, Xchange received a $1 billion credit facility to fund new car leases, according to a person familiar with the matter. The deal will help Uber grow its U.S. subprime auto leasing business and it will give many of the world’s biggest financial institutions exposure to the company’s auto leases.

Goldman Sachs + Uber + subprime lending. What could possibly go wrong?

Read more at Bloomberg

/via @jimray