The Car and Truck Fleet and Leasing Management Magazine

Founder of Automotive Lease Guide Dies at 87

May 25, 2004

Jim Aiken, founder of Automotive Lease Guide and a pioneer in indirect leasing, died on March 2, 2004. He was 87. Aiken was the youngest person ever awarded a General Motors dealership.In 1964, Aiken formed Automotive Leasing Group, an indirect leasing business. He gave his dealers guidelines for residual values on mimeographed sheets, which later became known as the Automotive Lease Guide (ALG). Though he retired in 1977, Aiken helped to develop both residual value insurance and GMAC’s indirect leasing program.
Twitter Facebook Google+

Comments

Please note that comments may be moderated. 
Leave this field empty:
 
 

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

FleetFAQ

Fleet Tracking And Telematics

Todd Ewing from Fleetmatics will answer your questions and challenges

View All

 

Fleet Management And Leasing

Merchants Experts will answer your questions and challenges

View All

 

Sponsored by

Terminology used in the United States and Canada to denote a financing type lease which is required to be "capitalized," i.e., the leased equipment must be recorded on the Lessee's balance sheet as assets with corresponding liabilities.

Read more

Up Next

More From The World's Largest Fleet Publisher