Problem:
Credit unions have repossessed cars with deficiency balances. Members need temporary transportation without needing to own a car
Solution:
Use repossessed vehicles in neighborhood car sharing programs and help credit unions recapture more of the deficiency balance.Use repossessed vehicles in neighborhood car sharing programs and help credit unions recapture more of the deficiency balance.
Test Results:
Similar model for WheelChoice car sales was employed at Alabama CU resulting in a lower deficiency balance. 40% of survey respondents were interested in car sharing aspect.
