
The platform enables customers rejected for a regular vehicle purchase finance or lease to drive and then buy a quality vehicle.
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Higher rates are already shifting access to vehicles and financing towards wealthier consumers as overall affordability declines.
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Despite the interest in EVs, cost remains a critical barrier for fleet managers, particularly the larger upfront costs known to deter EV adoption.
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NextGear Capital, a vehicle financing company, has announced the appointment of Todd Gunderson to the role of division vice president for the U.S. Eastern region.
Read More →Lease financing Madison Capital has named a new chairman and president for the company.
Read More →Total revenue flat due to planned reduction in leasing to franchises. Same-store revenue up 2.9 percent. Revenue gains for vehicle rentals partially offset by drop in rental days, though volume improving. Utilization up. Strong used-car market keeps vehicle depreciation costs in check.
Read More →Chase Auto Finance gives Rent2Buy customers, who buy used vehicles from Hertz’s online car-sales program, a full range of financing options. Chase was the No. 1 auto lender in the United States in new loan production in 2009, lending $23.7 billion to finance 1.1 million new- and used-vehicles for consumers.
Read More →The struggles of one independent operator highlight what is right about the car rental industry.
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Scott Thompson and Jeff Cerefice discuss Dollar Thrifty’s move to refranchise, debt restructuring, fleet financing, the science of car sales, loving 45,000-mile rentals and how the company is positioned well for the run to recovery.
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Banks want more assurances than ever that your business is healthy. Having an answer to these 10 questions will help keep your credit lines safe.
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