Friday, September 18, 2020

Fair Adds Traditional 2-Year, 3-Year Leases

Santa Monica-based Fair, the used car leasing company, said this week that it is adding longer, 2-year and 3-year leases to its menu of options, as a complement to the firm's month-to-month car options. According to Fair, the new lease options will offer up monthly savings to customers who want to keep their cars longer, with customers saving $40 per month on a 2-year Fair lease, and $70 a month on a 3 year lease. The move to add the more traditional, longer term lease options are an unusual move for Fair, which launched with its twist on the traditional leasing market being the ability to rent a car from month-to-month, and the ability to switch out cars quickly. Fair said the move will make it the only platform offering up pre-owned leases "at-scale".

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