{"id":8377,"date":"2024-09-26T12:13:40","date_gmt":"2024-09-26T11:13:40","guid":{"rendered":"https:\/\/getincome.com\/blog\/?p=8377"},"modified":"2024-09-26T12:13:41","modified_gmt":"2024-09-26T11:13:41","slug":"income-expands-current-auto-offerings-across-two-countries-now-from-latvia-and-lithuania","status":"publish","type":"post","link":"https:\/\/getincome.com\/blog\/income-expands-current-auto-offerings-across-two-countries-now-from-latvia-and-lithuania\/","title":{"rendered":"Income Expands Current Auto Offerings Across Two Countries: Now from Latvia and Lithuania!"},"content":{"rendered":"\t\t
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We are excited to announce that Income has expanded its partnership with Current Auto to include Latvia and Lithuania! This significant development allows investors to access the company\u2019s car rentals across two countries, bringing even more opportunities for portfolio\u00a0<\/span>diversification and high returns.<\/span><\/p>

Current Auto\u2019s Expansion into Lithuania<\/b><\/p>

Founded in 2020, Current Auto has made strides in Latvia. It offers pre-owned vehicle rent-to-buy services that provide flexible and fast routes to car ownership. The company\u2019s success in Latvia has paved the way for its expansion into Lithuania, which is already experiencing strong growth.<\/span><\/p>

In Lithuania, Current Auto has originated \u20ac7.7 million in rental agreements and currently manages a portfolio worth \u20ac4.5 million. The company anticipates a 20% year-over-year growth in rental income for 2024 and a further 20% in 2025. This growth is driven by expanding its partnership network and enhancing its dealership operations through its local brand, Carlot.lt. With improvements in its vehicle acquisition quality and issuance policy, Current Auto Lithuania expects to end 2024 profitably and achieve a net profit exceeding \u20ac200,000 by 2025.<\/span><\/p>

Investment Opportunities Across Two Countries<\/b><\/p>

Investors can now participate in both Latvian and Lithuanian rental agreements, offering yields of up to 10% p.a. on the Income platform. Both Latvia and Lithuania\u2019s offerings come with buyback obligations and are supported by a Cashflow Buffer. The Junior Share for these rental agreements stands at 20-26%, with expected maturity periods of up to 72 months, making these a good long-term investment option. Additionally, the Early Buyback feature will allow for a shortened investment duration, providing flexibility for investors.<\/span><\/p>

Security Structure Notes:<\/b> The Claim is currently not secured by Income\u00b4s pledge on the vehicle. A negative pledge has been agreed with Current Auto, meaning they cannot dispose of or encumber the vehicle without Income\u00b4s consent. The Claim may be secured in the future with a collateral established in accordance with the Collateral Agreement over the vehicle for the use of which, in return for the Current Auto has concluded the Rent Agreement with the Client and which is in the ownership of Current Auto (the Collateral, as outlined in recital B of the Agreement). The Collateral, when established, will not be assigned to the investor.<\/span><\/p>

Why Invest Now?<\/b><\/p>

Current Auto\u2019s proven track record in Latvia and its growth and development in Lithuania make this an ideal time to diversify your investment portfolio. With strong forecasts and the introduction of their internal dealership in Lithuania, investors can expect solid returns as Current Auto expands its footprint across these two dynamic markets.<\/span><\/p>

Take advantage of this unique opportunity and add Current Auto\u2019s rental agreements from Latvia and Lithuania to your portfolio on the Income platform today!<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

We are excited to announce that Income has expanded its partnership with Current Auto to include Latvia and Lithuania! This significant development allows investors to access the company\u2019s car rentals across two countries, bringing even more opportunities for portfolio\u00a0diversification and high returns. Current Auto\u2019s Expansion into Lithuania Founded in 2020, Current Auto has made strides […]<\/p>\n","protected":false},"author":2,"featured_media":8378,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[42],"_links":{"self":[{"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/posts\/8377"}],"collection":[{"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/comments?post=8377"}],"version-history":[{"count":7,"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/posts\/8377\/revisions"}],"predecessor-version":[{"id":8389,"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/posts\/8377\/revisions\/8389"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/media\/8378"}],"wp:attachment":[{"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/media?parent=8377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/categories?post=8377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/getincome.com\/blog\/wp-json\/wp\/v2\/tags?post=8377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}