Post by
HenoftheWoods on Sep 24, 2021 5:36pm
Things continue to move fast here...
DRIVERZ now has presence in 42 of 48 contiguous US states. Latest one to be "welcomed" under Powerband is Idaho.
Ed Morse Auto now using DRIVERZ. That's 42 franchises at 24 locations.
Important things to remember is that Powerband resolves the problem of negative equity for leasers for cars as you now return the car after a few years without risk of having seen you car depreciate faster than the payments you made.
All this from the recent (September) twitter feed of Powerband president Jon Lamb.
Comment by
kentucky77 on Sep 26, 2021 9:56am
Good update Hen... do you know if PowerBand sets and holds the residual risk or is it another entity?
Comment by
ACarrothers on Sep 28, 2021 4:19pm
What are the key risks here that would prevent PBX from being successful?
Comment by
HenoftheWoods on Oct 04, 2021 10:42am
Residual risks are all held by other companies: car dealerships and insurance companies. PBX is the facilitator that connects all these companies together with the consumers. PBX creates the market place. Hen