Shared, Leased Vehicles Coming from Ford

In what could reshape the “sharing economy, starting next month, Ford Credit is offering leases on Ford vehicles to self-organized groups of three to six people, in Austin, Texas.

Here’s how it works: Starting next month, Ford Credit is offering leases on Ford vehicles to self-organized groups of three to six people, in Austin, Texas. Lease groups can reserve drive time, check vehicle status, keep up with maintenance, communicate with each other, view their account, and make payments through a vehicle plug-in device and app.l

“People already are sharing everything – from books to homes,” said David McClelland, Ford Credit executive vice president, Marketing and Sales. “We’re seeing the potential for a shift from a single consumer paying for a single vehicle to several people sharing costs and benefits. Ford Credit Link makes Ford vehicles more readily available to people who may not want or need their own vehicle but have mobility requirements that must be met.”

That could include households with multiple licensed drivers, neighbors with intermittent needs for a special vehicle such as a pickup truck, or friends, coworkers and college students.

Tags: featured

Category: Consumer