SAN FRANCISCO — Used-leasing app Fair took home the top prize at today’s Auto Finance Innovation 2018 DEMOvation challenge, edging out eight other startups.
The DEMOvations offer an opportunity for innovative companies to demonstrate their products in front of a wide audience of auto lending and leasing executives.
Fair, which launched last September, allows customers to shop for cars based on a prequalified monthly payment range, and includes the flexibility to walk away from the vehicle with only five-days’ notice.
The company acquired Los Angeles-based car delivery startup Skurt in February, and Uber Technologies Inc.’s Xchange Leasing book in January.
The company is nearing 200 employees to service its nationwide rollout. Other startups that participated in the DEMOvation challenge were Arcade City Inc., Carma Car, Carvoy, DriveInformed, Outside Financial, Payix Inc., PushAuto, and Trusted.Sale.
