The Rise of The Car Leasing Platforms

The car leasing and rental market is forecasted to be worth $124B in 2022; NY-based Honcker and IL-based Carlease.com are hoping to get a piece of the action. The two startups, which raised $26.5M combined last week, promise to ease the frustrating offline experience by taking it online.

Although their service is different, both startups act as car leasing aggregators, while offering a complete solution in one place. Customers can browse different cars, see prices, and start the application process online to later get their car delivered.

“Leases now account for nearly one-third of all new vehicle sales, with those percentages going up significantly across luxury makes and with millennial buyers” – Carlease CEO, Andy O’Dower.

Bottom line: potential partners for those of you with API capabilities; you know who you are.