powerband

PowerBand is a motor vehicle leasing company based in Canada. The company operates a digital platform that enables consumers to buy, sell, and lease used and new vehicles online, including electric vehicles, at the dealership and on a rent-to-own basis. PowerBand's platform connects buyers and sellers while streamlining paperwork and offering flexible financing options, including fast approvals and fast payoffs for vehicles that are not paid off by the seller.

The company's system utilizes artificial intelligence and machine learning to analyze vehicle information, including price, VIN, year, make, and model, in order to match buyers with the right vehicles. PowerBand offers owners low sale values while providing consumers the lowest price options on the market. It also offers valuations and instant purchase offers for trade-in vehicles, making it a convenient option for those looking to sell their vehicles quickly.

PowerBand has partnerships with key industry players, including global leading automotive manufacturers, dealerships, and financial institutions. These partnerships allow the company to expand its network and increase its offerings to customers. In 2021, PowerBand announced a strategic partnership with Shift Technologies, a digital car buying company. The partnership enables the companies to integrate their platforms, streamlining the car buying process for consumers.

PowerBand's goal is to transform the way people buy, sell and trade-in vehicle ownership, using technology to make the process faster, more convenient, and more accessible. The company operates in Canada, the US, and is currently expanding its operations to other countries.