What Midway Leasing does

Midway Leasing is a private vehicle leasing company founded in 1972 and headquartered at 4751 Wilshire Blvd., Suite 120, in Los Angeles, California. The company provides closed-end vehicle leases for new, pre-owned, exotic, and highline vehicles, marketed under the tagline "You find it. We lease it." Midway Leasing operates as a subsidiary of the Hankey Group of Companies — a diversified automotive conglomerate established in 1950 with over $25.3 billion in assets — and is part of the broader Midway Auto Group. The relationship with Westlake Financial Services (another Hankey Group entity) positions Midway Leasing within a vertically integrated automotive finance ecosystem.

The company's core offerings center on custom lease solutions for customers who have been declined by traditional lenders. Its product portfolio includes five primary solution lines: low credit score leasing, new and pre-owned vehicle leasing, expat/foreign leasing (no U.S. credit score required), short-term leasing (terms as brief as 12 months), and fleet leasing for studios, businesses, governments, and commercial operators. All leases are structured as closed-end, eliminating residual risk to lessees, with terms ranging from 12 to 60 months and minimum deals starting at $20,000. The company does not explicitly disclose proprietary technology beyond dealer platform integrations; its competitive differentiation rests on underwriting flexibility, capital backing, and dealer relationships rather than technology.

Midway Leasing generates revenue through monthly lease payments on a subscription-recurring basis. Its go-to-market motion is sales-led, relying on three channels: a self-serve consumer web application (7 steps covering identity, address, employment, income, and co-signer information), a self-serve business/fleet application portal, and a dealer channel via DealerTrack and Route One integrations that enable same-day approvals. The customer base spans five segments, with primary focus on low-credit consumers, new/pre-owned buyers, foreign nationals, and fleet operators. Geographic operations are California-domiciled, but dealer-channel partnerships provide national U.S. reach. Compliance posture includes CCPA and GDPR adherence, supporting both U.S. state-level privacy requirements and cross-border expat servicing.

Name

Midway Leasing

Legal name

Midway Leasing

Website

https://midwayleasing.com

Company type

Private

Founded year

1972

Operating status

Operating

Headcount range

1–10 employees

Short description

Midway Leasing is a private, Los Angeles-based vehicle leasing company founded in 1972, offering closed-end leases for new, pre-owned, and exotic vehicles. It serves consumers, expats, and fleet operators — including those declined by traditional lenders — as a subsidiary of the Hankey Group.

Ownership category

akta.pro rank

Product category

Vehicle Leasing Services

NAICS

Automotive Equipment Rental and Leasing (5321), Passenger Car Leasing (532112), Passenger Car Rental and Leasing (53211)

SIC

Services-Auto Rental & Leasing (No Drivers) (7510), Finance Lessors (6172)

akta.pro primary industry

Premium & Luxury Vehicle Leasing (TLABAAAF)

akta.pro secondary industries

Corporate/Enterprise Car Leasing (Closed-End/Open-End) (TLABAAAA), Consumer/Private Lease & Subscription (Personal Contract Hire) (TLABAAAC), Used Vehicle Leasing (Pre-Owned Lease Programs) (TLABAAAG), Fleet Leasing (Closed-End & Open-End) (THADAKAB), Leasing & Lease Buyout Financing (FSAKADAC)

Keywords

• Vehicle leasing services
• Auto lease financing
• Exotic car leasing
• Fleet leasing solutions
• Closed-end leases

Headquarters

HQ city

Los Angeles

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Vehicle Leasing: Midway Leasing generates revenue through closed-end vehicle leases, providing financing for exotic, highline, and standard vehicles. The company offers custom lease terms with no residual risk to customers, generating income through lease payments over the contract term.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Midway Leasing provides custom closed-end vehicle leases for new, pre-owned, exotic, and highline vehicles, with same-day approvals and no residual risk to the lessee. The company serves individual consumers, business and government fleet customers, and accepts applications directly from automotive dealers via DealerTrack and Route One. Specialization includes credit-flexible approvals, foreign national/expat leasing, short-term leases (as brief as 12 months), and commercial fleet leasing.

Product overview

Midway Leasing offers a portfolio of vehicle leasing solutions centered on exotic and highline vehicles, accessible through consumer and business online application portals integrated with DealerTrack and Route One dealer management systems. The core offerings include consumer and business/fleet lease applications, complemented by specialized leasing programs for low credit score applicants, expats/foreign nationals, short-term needs, and commercial fleet operations. All offerings are backed by the Hankey Group's capital resources and feature closed-end lease structures with no residual risk.

Differentiator

Problem solved

Functional benefit

Products and services

• Consumer Vehicle Leasing Multi-step online lease application and leasing service for individual consumers seeking new or pre-owned vehicles (including exotic and highline), with specialized programs for low-credit-score applicants, expats/foreign nationals without U.S. credit, and short-term leases as brief as 12 months. Closed-end leases with no residual risk are offered, with custom terms from 12 to 60 months and deals starting at $20,000.
• Business and Fleet Vehicle Leasing Multi-step online lease application and leasing service for businesses, government entities, studios, and commercial operators needing fleet vehicles, including personal staff vehicles, commercial trucks, vans, and shuttles. Supports custom residuals, odd terms, miles, and write-downs, with cost-saving fleet options and closed-end lease structures.
• Dealer Lease Application Portal Dealer-facing channel that enables automotive dealers to submit customer lease applications through DealerTrack or Route One platforms, selecting Midway Leasing as the lender, for same-day approvals across all makes and models including exotic and highline vehicles. Designed to help dealers close more sales on financing-challenged customers.

Quantifiable outcome

• Same-day approvals for lease applications
• +2 more outcomes

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Partnerships

Two partnerships are on record, tiered core.

• DealerTrackcoreChannel Partner/ Reseller/ DistributorDealerTrack is an industry dealer management platform through which Midway Leasing receives and processes lease applications from automotive dealers. Same-day approvals are available for applications submitted via this channel.
• Route OnecoreChannel Partner/ Reseller/ DistributorRoute One is a dealer financing platform enabling dealer submissions for lease approvals. Midway Leasing accepts applications through this platform for same-day approval processing.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Ally Financial (Auto Finance): Large incumbent auto lender offering leasing and dealer floorplan financing; overlapping capability in passenger car leasing plus the capital scale that constrains smaller specialists.
• Santander Consumer USA: Major U.S. auto finance provider with deep subprime exposure; competes broadly in indirect channels and overlaps with Midway Leasing on dealer-sourced deals.
• Carmax Auto Finance: Large used-vehicle retailer with in-house financing that serves near-prime and subprime customers; competes with Midway Leasing's pre-owned leasing solutions at scale.
• Toyota / BMW / Mercedes-Benz Financial Services: Captive finance arms of major luxury OEMs that offer premium and exotic-adjacent leasing at scale; competing incumbents for highline and luxury lease originations.

Direct peers

• DriveTime: Vertically integrated used-vehicle retailer with captive subprime financing; comparable focus on serving credit-challenged consumers through dedicated finance arms.
• Credit Acceptance Corporation: Public subprime auto finance specialist using dealer-partner model with same-day dealer approvals; directly comparable in targeting credit-challenged borrowers through indirect dealer channels.
• Exeter Finance: Subprime-focused indirect auto lender serving franchised and independent dealers; comparable specialty-niche and dealer platform integrations (DealerTrack/Route One) with a non-prime customer focus.
• US Auto Finance / Consumer Portfolio Services: Subprime-focused indirect auto lender with strong dealer-channel orientation; comparable underwriting and dealer-relationship dynamics to Midway Leasing.
• Westlake Financial Services: Captive and indirect auto finance company owned by the same Hankey Group parent; competes in the same indirect/dealer channel and shares customer relationships with Midway Leasing, making it the closest operational peer.

Emerging players

• Huntington Capital Lease / Lease Exchange: Online marketplaces and brokers for transferring existing auto leases; adjacent to Midway Leasing's short-term and flexible-lease offerings by serving customers who want to exit or enter leases mid-term.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Midway Leasing