May 16, 2008
CEDAR PARK, TX – IFS provides one-stop shopping for customers looking to purchase and finance fleet vehicles, from financing to completion of titlework.
Tags: Innovative Funding Services, vehicle fleet financing
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By Mike Antich Reducing unnecessary idling is the simplest and easiest way for a fleet to reduce fuel costs. Besides wasting fuel, excess idling also causes unnecessary emissions, noise pollution, and needless engine wear-and-tear. The amount of unnecessary idling varies by fleet, but some fleets have recorded idling as much as 35 percent of the time.
By Mike Antich The bread-and-butter customers of out-of-service fleet vehicles are buyers with C and D credit, namely subprime buyers. However, funders have tightened underwriting standards to manage these higher risk borrowers. Some lenders have caps on how low a FICO score they are willing to fund, which is often above the threshold of subprime borrowers. If this continues, it will have significant long-term implications for the sale of used fleet vehicles.
By Mike Antich
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In This Issue: Chevrolet Sweeps 2008 Fleet Car & Truck of the Year Awards, Analyzing Depreciation Trends: 2007 vs. 2006, Toshiba America Medical Systems’ Fleet Goes 100% Hybrid and much more…