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Uber to Sell Its Failed Car-Leasing Program

After its Xchange Leasing business collapsed in September, Uber has been looking for a buyer to pick up its pieces. Well, according to The Wall Street Journal, it looks like they’ve succeeded, as startup Fair.com has reportedly agreed to take it off of Uber’s hands for an undisclosed amount of money. Uber will also be awarded an equity share in the company and users will be able to access Fair’s services via Uber’s app.

Fair has already made a name for itself as a business which deals out open-ended leases on used cars.

This news comes at the end of a ridiculously terrible year for Uber, which dealt with everything from discrimination charges to data breach coverups to overcharging their customers by absurd amounts of money.

All this begs the question: is Uber falling apart? Or is this deal with Fair a step in the right direction for the ride-hailing company? Only time will tell, I suppose.

[via CNET]

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