Lease news and trends

SoftBank Wants Majority Stake In WeWork, Sans Liabilities
Investments // October 21, 2019

SoftBank looks to become the majority owner of WeWork without getting into long-term lease obligations, Reuters said on Saturday, Oct. 19. Sources told Reuters that SoftBank has delivered a $5 billion financing rescue that The We Company — parent of New York-based WeWork — is...

IKEA Launches Furniture Rentals
Retail // February 04, 2019

IKEA will start leasing furniture as it transforms its business model in an effort to attract more customers and reduce its carbon footprint. The world’s largest furniture retailer will soon launch a trial program in Switzerland, with offerings that include several different types of furniture,...

Lease-To-Own Services Make A Comeback With Overstock.com
Retail // September 24, 2018

Lease-to-own services are making a comeback with eCommerce retailers. Overstock.com is bringing a lease-to-own purchase option to its financial service offerings. The option, provided by Progressive Leasing, allows customers to lease products for as long as a year and is available for over three million products on...

Uber Rented Drivers Cars It Knew Were Unsafe
Ridesharing // August 04, 2017

Uber Technologies may have a new fraud problem on its hands after The Wall Street Journal reported news that Uber managers in Singapore leased the Honda Vezel to Uber drivers after the vehicle was recalled by Honda Motor Co. for safety reasons.   According to a...

Quick Reads
SoftBank Wants Majority Stake In WeWork, Sans Liabilities

October 21, 2019
SoftBank looks to become the majority owner of WeWork without getting into long-term lease obligations, Reuters said on Saturday, Oct. 19. Sources told Reuters that SoftBank has delivered a $5 billion financing rescue that The We Company — parent of New York-based WeWork — is considering alongside a proposal by JPMorgan Chase. SoftBank gave WeWork […]

IKEA Launches Furniture Rentals

February 04, 2019
IKEA will start leasing furniture as it transforms its business model in an effort to attract more customers and reduce its carbon footprint. The world’s largest furniture retailer will soon...

Uber Rented Drivers Cars It Knew Were Unsafe

August 04, 2017
Uber Technologies may have a new fraud problem on its hands after The Wall Street Journal reported news that Uber managers in Singapore leased the Honda Vezel to Uber drivers after...