DriveItAway Holdings, Inc. Partners with Chapman Automotive Group in Philadelphia to Supply New Vehicles and To Provide Its Micro-Lease to Ownership Program to Chapman Store Customers
DriveItAway Holdings, Inc. (OTC: DWAY) has partnered with Chapman Automotive Group in Philadelphia to expand its micro-lease to ownership program. This collaboration aims to centralize DriveItAway's fleet purchases and offer the program to Chapman's customers. Key points include:
1. Chapman Auto Group will supply vehicles for DriveItAway's growing fleet.
2. The program requires no down payment or credit score, targeting customers turned down for traditional financing.
3. DriveItAway recently secured a credit line to operate its company-owned fleet.
4. The partnership offers a competitive advantage as credit becomes more restrictive for consumers.
5. Chapman sees long-term benefits in service and pre-owned departments from this collaboration.
This strategic move allows DriveItAway to scale its operations while providing an alternative path to vehicle ownership for customers facing financial challenges.
DriveItAway Holdings, Inc. (OTC: DWAY) ha collaborato con Chapman Automotive Group a Philadelphia per espandere il suo programma di micro-lease per la proprietà. Questa collaborazione si propone di centralizzare gli acquisti della flotta di DriveItAway e offrire il programma ai clienti di Chapman. I punti chiave includono:
1. Chapman Auto Group fornirà veicoli per la crescente flotta di DriveItAway.
2. Il programma non richiede acconto né punteggio di credito, mirando a clienti rifiutati per finanziamenti tradizionali.
3. DriveItAway ha recentemente ottenuto una linea di credito per gestire la sua flotta di proprietà.
4. La partnership offre un vantaggio competitivo poiché il credito sta diventando più restrittivo per i consumatori.
5. Chapman vede benefici a lungo termine nei settori del servizio e dei veicoli usati grazie a questa collaborazione.
Questa mossa strategica consente a DriveItAway di ampliare le proprie operazioni fornendo allo stesso tempo un percorso alternativo verso la proprietà del veicolo per i clienti che affrontano sfide finanziarie.
DriveItAway Holdings, Inc. (OTC: DWAY) se ha asociado con Chapman Automotive Group en Filadelfia para expandir su programa de micro-arrendamiento para la propiedad. Esta colaboración tiene como objetivo centralizar las compras de flota de DriveItAway y ofrecer el programa a los clientes de Chapman. Los puntos clave incluyen:
1. Chapman Auto Group proporcionará vehículos para la creciente flota de DriveItAway.
2. El programa no requiere pago inicial ni puntaje de crédito, dirigido a clientes rechazados por financiamiento tradicional.
3. DriveItAway ha asegurado recientemente una línea de crédito para operar su flota de propiedad.
4. La asociación ofrece una ventaja competitiva, ya que el crédito se vuelve más restrictivo para los consumidores.
5. Chapman ve beneficios a largo plazo en el servicio y en los departamentos de vehículos usados gracias a esta colaboración.
Este movimiento estratégico permite a DriveItAway escalar sus operaciones mientras proporciona una alternativa a la propiedad del vehículo para los clientes que enfrentan desafíos financieros.
DriveItAway Holdings, Inc. (OTC: DWAY)는 필라델피아의 Chapman Automotive Group과 협력하여 소액 임대 소유 프로그램을 확장합니다. 이 협력은 DriveItAway의 차량 구매를 중앙 집중화하고 Chapman의 고객에게 프로그램을 제공하는 것을 목표로 합니다. 주요 사항은 다음과 같습니다:
1. Chapman Auto Group은 DriveItAway의 성장하는 차량 플릿을 위해 차량을 제공합니다.
2. 이 프로그램은 초기 투자금이나 신용 점수가 필요 없으며, 전통적인 금융에서 거부된 고객을 대상으로 합니다.
3. DriveItAway는 최근 자가 소유 플릿을 운영하기 위한 신용 한도를 확보하였습니다.
4. 파트너십은 소비자에게 신용이 더 제한적으로 변하는 상황에서 경쟁 우위를 제공합니다.
5. Chapman은 이 협력을 통해 서비스 및 중고차 부서에서 장기적인 이점을 보고 있습니다.
이 전략적 움직임은 DriveItAway가 운영 규모를 확장하면서 재정적 어려움을 겪는 고객에게 차량 소유의 대안을 제공할 수 있게 합니다.
DriveItAway Holdings, Inc. (OTC: DWAY) s'est associé au Chapman Automotive Group à Philadelphie pour étendre son programme de micro-location vers la propriété. Cette collaboration vise à centraliser les achats de flotte de DriveItAway et à offrir ce programme aux clients de Chapman. Les points clés incluent :
1. Chapman Auto Group fournira des véhicules pour la flotte croissante de DriveItAway.
2. Le programme ne nécessite aucun acompte ni évaluation de crédit, visant les clients refusés pour un financement traditionnel.
3. DriveItAway a récemment sécurisé une ligne de crédit pour gérer sa flotte de propriété.
4. Le partenariat offre un avantage concurrentiel alors que le crédit devient plus restrictif pour les consommateurs.
5. Chapman voit des bénéfices à long terme dans le service et les départements de voitures d'occasion grâce à cette collaboration.
Ce mouvement stratégique permet à DriveItAway d'élargir ses opérations tout en offrant un chemin alternatif vers la propriété de véhicule pour les clients confrontés à des défis financiers.
DriveItAway Holdings, Inc. (OTC: DWAY) hat sich mit der Chapman Automotive Group in Philadelphia zusammengeschlossen, um sein Mikroleasing-Programm zur Eigenheimfinanzierung auszubauen. Diese Zusammenarbeit hat zum Ziel, die Fahrzeugkäufe von DriveItAway zu zentralisieren und das Programm den Kunden von Chapman anzubieten. Die wichtigsten Punkte sind:
1. Chapman Auto Group wird Fahrzeuge für die wachsende Flotte von DriveItAway bereitstellen.
2. Das Programm erfordert keine Anzahlung oder Bonitätsprüfung und richtet sich an Kunden, die für herkömmliche Finanzierungen abgelehnt wurden.
3. DriveItAway hat kürzlich eine Kreditlinie gesichert, um die hauseigene Flotte zu betreiben.
4. Die Partnerschaft bietet einen Wettbewerbsvorteil, da Kredite für Verbraucher restriktiver werden.
5. Chapman sieht langfristige Vorteile im Service und im Gebrauchtwagenbereich durch diese Zusammenarbeit.
Dieser strategische Schritt ermöglicht es DriveItAway, seine Aktivitäten auszubauen und gleichzeitig einen alternativen Weg zur Fahrzeugbesitz für finanziell herausgeforderte Kunden zu bieten.
- Partnership with Chapman Auto Group to centralize fleet purchases in Philadelphia region
- Expansion of micro-lease to ownership program to Chapman store customers
- Secured initial credit line funding for company-owned fleet operations
- Potential increase in market share by converting financing 'turn-downs' into customers
- Long-term benefits for Chapman in service and pre-owned departments
- None.
Philadelphia, PA, July 31, 2024 (GLOBE NEWSWIRE) --
- DriveItAway is rapidly scaling its company-owned fleet to satisfy overwhelming demand for its micro-lease to ownership program and is now centralizing its fleet purchases with selected dealer groups in each geographic region
- Chapman Auto Group is a leading new car dealer group in the Philadelphia region, with 8 locations throughout Pennsylvania and New Jersey, with Ford, Lincoln, Chevrolet, Nissan, Mazda, and Chrysler, Jeep, Dodge, and Ram vehicle franchises
- DriveItAway has now partnered with Chapman Auto Group to centralize all of its vehicle purchases in the Philadelphia region to best effectively scale its own rapidly growing fleet of vehicles for its micro-lease to ownership customers
- Chapman Auto Group is also partnering with DriveItAway to offer DriveItAway’s unique micro-lease to ownership program, which requires no down payment or credit score, inside its stores, to enable its customers and prospects who are turned down for traditional vehicle financing to drive away with a new vehicle, giving it a competitive advantage to other car dealers, as credit becomes more restrictive and more difficult to get for consumers (see CNN 7.22.24 “It’s becoming harder to get – and keep – a car”)
PHILADELPHIA, PA, USA, July 31, 2024 – DriveItAway Holdings, Inc. (“DriveItAway” OTC Marketplace: DWAY), an automotive industry leader in new digital mobility platforms with its unique “micro-lease to purchase” technology, continues to gain traction and visibility in its mission to enable all to drive, and then buy, affordable quality personal transportation, announces today that to facilitate the rapid expansion of its company-owned fleet and customer base in the Philadelphia region, it is partnering with the Chapman Auto Group to both supply it with vehicles and to enable prospects and customers of Chapman stores turned down for traditional vehicle purchase financing to use the DriveItAway micro-lease to ownership platform to drive away in a new vehicle.
After recently announcing the closing of an initial credit line funding to operate its fleet of company-owned vehicles, DriveItAway is adding vehicles by sourcing through strategically selected leading regional dealer groups, known for their quality customer service and care for both fleet and retail customers. In this way, DriveItAway not only secures a steady supply of inventory for its own rapidly expanding customer base but also can offer its “everyone drives, regardless of down payment or credit score” micro-lease to dealership prospects and customers who would otherwise be turned down for conventional vehicle purchase or lease financing.
“We like what DriveItAway is doing to get working people into vehicles that they very much need, regardless of credit score or down payment, and are very pleased to be their chosen regional supplier of fleet vehicles,” says Keane Storey, Director of Business Development of the Chapman Auto Group, “we also see, as credit is tightening, a lot of good people being turned down for auto loans, so we are delighted to launch this new initiative, where we can convert these “turn downs” to loyal drivers and potential buyers, by referring them into the unique DriveItAway micro-lease to ownership program. We believe this relationship with DriveItAway also has long term benefits for us in our service and pre-owned departments as the DriveItAway fleet will need continued service and maintenance and ultimately will need replacements.”
“As a native Philadelphian, the Chapman Auto Group has for generations stood for integrity and quality customer care,” says John F. Possumato, Founder & CEO of DriveItAway Holdings, Inc., “That’s why I’m delighted and honored to announce that Chapman is our first chosen regional vehicle source supplier for our own rapidly growing fleet of vehicles to satisfy overwhelming demand, and even more thrilled to work with them on enabling their own prospects and customers to ‘drive away’ even when turned down for traditional automotive financing.”
“All across the country, now more than ever, good people who need cars are being turned down by banks and finance institutions, or are being asked for cash down payments that make ownership out of reach,” adds Possumato, “I’m very proud to say at the Chapman Auto Group alone, where the DriveItAway micro-lease to ownership platform is offered, there is now an alternative on-ramp to ownership that can have former “turn-downs” driving a new vehicle immediately, ‘driving’ towards the purchase of the vehicle in the future; a great alternative for the customer, and a substantial competitive advantage as compared to what other dealers can offer.”
DriveItAway, offers a unique ‘micro-lease to purchase technology,’ allowing customers to drive a vehicle of their choice immediately, without a down payment, long-term financial commitment or approvals based on credit score, always with the option to buy the vehicle at any time. DriveItAway technology is a software platform and app designed for automotive retailers. It reduces the risk associated with subprime or deep subprime credit transactions for both dealers and drivers, leading to satisfied customers and an increase in market share, converting “turn-downs” into happy customers.
Find out more about Chapman Auto Group and DriveItAway on the recent “EVs for Everyone Podcast” Episode #106, featuring Keane Storey, Director of Business Development of the Chapman Auto Group, and John F. Possumato, CEO of DriveItAway Holdings Inc.
About DriveItAway Holdings, Inc.
DriveItAway Holdings, Inc. is the first national dealer-focused mobility platform that enables car dealers to sell more vehicles in a seamless way through eCommerce, with its exclusive “Pay as You Go” app-based subscription. DriveItAway provides a comprehensive turn-key, solutions-driven program with proprietary mobile technology and driver app, insurance coverages, and training to get dealerships up and running quickly and profitably in emerging online sales opportunities. The company is now introducing its ‘subscription to ownership’ micro lease platform to enable all consumers to drive and acquire new electric vehicles with its “EVs for Everyone” initiative.
About Chapman Auto Group
The Chapman Auto Stores has been serving communities throughout Pennsylvania for over 50 years, providing transportation needs in our sales, service, parts and body shop departments for hundreds of thousands of our great customers. We offer eight different locations from Atlantic City, NJ to Lancaster County, PA making us one of the largest automotive groups in the tri-state area. We also happen to have the best selection of vehicles, including Ford, Chevy, Dodge, Jeep, Nissan, Lincoln, and Mazda. Plus, each of our locations features a wide array of Chapman Certified pre-owned vehicles. It’s safe to say you’ll find what you’re looking for when you choose Chapman Auto Stores to meet all of your automotive needs.
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This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” or “potential” or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond our control, and may cause actual results to differ significantly from those expressed in any forward-looking statement. All forward-looking statements reflect our good faith beliefs, assumptions, and expectations, but they are not guarantees of future performance. We caution investors not to unduly rely on any forward-looking statements. The forward-looking statements speak only as of the date of this press release.
FAQ
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