DriveItAway and Voyager Global Mobility Form Strategic Alliance for Affordable Vehicle Leasing

DriveItAway Holdings and Voyager Global Mobility have entered into a strategic alliance to introduce a direct-to-dealer off-fleet inventory and flexible lease-to-own program, aiming to expand access to affordable personal transportation while reducing intermediary costs.

The partnership will make selected off-fleet vehicles available directly to participating subprime and buy-here, pay-here dealers. Certain vehicles may also be offered on consignment to dealers. Additionally, Voyager plans to make selected off-fleet vehicles available to qualified consumers through DriveItAway’s app-based flexible lease-to-own platform.

The goal is to reduce the points of friction and lower the costs associated with traditional wholesale remarketing. Auction, wholesale, and transportation expenses often represent a significant portion of the ultimate retail price of an entry-level vehicle, compared to higher-priced, late-model vehicles. By connecting Voyager’s off-fleet inventory more directly with dealers and consumers, the companies aim to streamline the process and lower those expenses.

For consumers who may have sufficient income to support a vehicle but lack the credit profile or upfront cash typically required for traditional financing, Voyager intends to offer selected vehicles through the DriveItAway platform. This will allow access to flexible lease-to-own vehicles, benefiting those otherwise "shut out" of the conventional process.

John F. Possumato, Founder and CEO of DriveItAway, stated, "There is clearly a crisis in the availability of entry-level, affordable vehicles. By creating a more direct path from fleet to dealer, and through the DriveItAway platform, from fleet to consumer, we believe Voyager can lower unnecessary costs and expand access to reliable personal transportation."

Under the newly launched program, Voyager will remarket selected off-fleet units through several channels intended to reduce friction and lower costs for dealers and end users. These include:

- Offering vehicles directly to participating retailers seeking higher-mileage used inventory expected to retail primarily in the $10,000, $20,000 price range, bypassing certain wholesale intermediaries and auction-related costs. - Providing selected dealers with the opportunity to carry Voyager-owned vehicles on consignment, subject to applicable program terms. - Enabling participating dealers to sell qualifying vehicles through traditional retail channels or make them available through Voyager’s DriveItAway-powered flexible lease-to-own program for consumers who may lack the credit profile or down payment required for conventional vehicle financing.

Menachem Light, CEO of Voyager Global Mobility, noted, "Recent Edmunds data underscores how dramatically the affordable used-vehicle market has changed. Vehicles priced below $20,000 represented 55.2% of used-vehicle sales in the second quarter of 2019 but only 31.8% in the second quarter of 2026. In the $10,000, $15,000 price range, the average vehicle is now four years older and has nearly 40,000 more miles than a vehicle purchased within the same budget seven years ago."

Light added, "By channeling suitable vehicles directly to participating dealers, and, in certain cases, providing them on consignment, we believe we can reduce intermediary costs, improve vehicle utilization, and help dealers secure the kind of affordable inventory that has become increasingly difficult to find."

Both companies believe that combining Voyager’s fleet and remarketing capabilities with DriveItAway’s technology and flexible pathway-to-ownership model will create a new channel intended to benefit dealers, consumers, and both companies.