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New Leasing Company Formed

Another organization, comprised of new car dealers, has entered the leasing field.

by AF Staff
September 1, 1963
2 min to read


Called National Car Dealers Leasing Inc., it will operate ini­tially in the East, but expects to eventually expand operations across the nation.

Organizers of the group include A. A. Martin, who has operated his own leasing company in Phila­delphia for the past 13 years, Charles A. Bott, Philadelphia Chrysler dealer, Francis J. Lucas, Philadelphia Ford dealer, Richard T. Flohr, Chevrolet dealer and Harry W. Hall, who was associated with Martin in the renting and leasing   company.

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Bott, who has been named pres­ident of the group, said the ob­jectives of National Car Dealers Leasing is to provide a complete leasing facility to enable cooper­ating and participating dealers to lease cars on a local and national basis without the need of setting up a separate leasing company.

The company will provide as­sistance in obtaining large national accounts and handle all forms, credit checks, lease papers and collections, Bott said.

According to Bott, National Car will operate on the theory that a dealer's prime goal is to sell ve­hicles but that a leasing operation can be a profitable adjunct to a dealer's operation.

"While we basically will con­centrate on long term leasing, we also expect to provide cars for participating members, if desired, to be used for short term rentals, pri­marily dealers' service customers," Bott said.

Bott said that "there should be sufficient ears in an area to supply cars   to customers at a nominal charge which the average customer is willing to pay for the conveni­ence." He added that while Nation­al Car does not plan to enter the daily rental field, "the dealers de­siring cars for short periods, by the week or month can be serviced."


Topics:Operations
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