CenterOne Financial Services to Manage Remarketing for Charter One Auto Finance
CenterOne Financial Services has entered into a service agreement to manage the proactive and vehicle remarketing of the lease portfolio for Charter One Auto Finance.
CenterOne will implement both telemarketing and direct mail campaigns aimed at the lessee to reduce the number of off-lease vehicles returned to Charter One. Along with proactive and vehicle remarketing, CenterOne will collect excess wear and tear obligations from the lessee.
Charter One Auto Finance is an auto finance subsidiary of Charter One Bank, N.A., and currently serves the financing needs of almost 3,000 dealerships and its customers in the Northeast, Mid-Atlantic, and Midwest regions.