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LeasePlan Officially Opens Office in Mexico

April 24, 2009 - Press Release

ALPHARETTA, GA – LeasePlan Corporation officially opened its 30th subsidiary in Mexico on April 2. LeasePlan plans to establish a long-standing presence in Mexico, adding value to its international clients and local businesses through advanced fleet management services.

Vahid Daemi, CEO of LeasePlan Corporation, said, "We've been investigating the possibility to start an office in Mexico, next to the U.S. and Brazil, for some time and saw that the time was right in 2008. Since 2007, operational leasing in Mexico has become more favorable from a tax perspective and we believe that mainly due to this, the fleet management market in Mexico will grow exponentially in the near future. Fleet managers in Mexico increasingly realize that running a fleet requires expertise and we expect them to turn to an experienced partner to support them in controlling their fleet cost and managing the services and service levels related to their fleet. Our professional team, a mix of local and international experts, is ready to respond to these trends."

LeasePlan Mexico was established in May last year and has been operational since December 2008. Since then, a network of preferred suppliers was developed and the first cars have been put on the road. It is LeasePlan's vision to be the first choice provider of pure leasing and fleet management in the Mexican market by delivering value added services that will allow companies to control the total cost of ownership and to increase overall client and driver satisfaction.

"U.S.-based companies with subsidiaries in Mexico will be able to benefit greatly from LeasePlan's comprehensive global structure and expertise. LeasePlan is in a unique position to offer a truly global fleet management solution by delivering global products and services structured to help clients leverage pricing, reduce total cost of ownership, and provide them with global fleet reporting tools," said Bryan Steele, national vice president, client relations for LeasePlan USA.

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