The Car and Truck Fleet and Leasing Management Magazine

Mike Albert Leasing Selects Fourth Fleet Financial For Driver Sale Financing Program

August 18, 2003

Mike Albert Leasing, Inc. announced it has chosen Fourth Fleet Financial, Inc. to provide automotive financing and extended service contract protection options for its Driver Sale Program. Mike Albert says it switched to Fourth Fleet because of its highly specialized approach to financing end-of-term fleet driver sales. “Fourth Fleet is uniquely focused on serving the fleet driver sales market.” said Todd Ryan, vice president of remarketing. “After scanning the market for options, Fourth Fleet was the only company that offered the level of service and dedicated products we needed to enhance our existing Driver Sales program. Fourth Fleet’s multi-lender platform and driver sale specific processes reaches deeper into the employee credit pool and delivers a customized process that respects the employee off-lease purchase needs of our clients,” added Ryan. Fourth Fleet Financial handles the entire credit application and loan contracting transaction directly with each respective customer. Loans typically include 100-percent financing with sales tax, title fees and extended service contacts included in the employee’s loan balance. Once a loan is consummated and the required lease buyout is satisfied, Fourth Fleet’s process facilitates the remote titling and registration of the vehicle to the respective purchasing individual’s name.
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