Westlake Financial rolled out a new Commercial Vehicle Financing Program that allows dealerships to offer financing of up to $65,000 for vehicles ranging from Cargo Vans to Big Rigs.
After closing without notice in early December, Akron, Ohio-based GDS Express has filed for bankruptcy. The company filed for Chapter 11 liquidation on Dec. 27, 2019, citing the shutdown of a revolving credit account.
Hyundai Motors Nigeria Limited and Diamond Bank Plc have jointly inaugurated a vehicle finance scheme aimed at assisting fleet managers and prospective automobile patrons to procure affordable Hyundai vehicles.
Tesla Motors will begin offering a fleet leasing program to small- and medium-sized businesses through its newly started Tesla Finance unit, the automaker has announced.
LeasePlan Corporation N.V. has cleared a $500 million bond obligation from its balance sheet, the Holland-based fleet and vehicle management company has announced.
The Hertz Corp. and Donlen are launching a new program called HERC Ready Finance, which will give Hertz Equipment’s customers access to what the companies call “one-stop-shopping” and to financing for equipment and trucks through Donlen.
Automotive Fleet checks in with Donlen CEO Gary Rappeport a year after the company’s sale to Hertz Global Holdings. One key takeaway was the discovery that the companies have much in common and are leveraging these synergies.
MT. LAUREL, NJ - PHH Corp. stated the committed funding capacity is to acquire vehicles intended for lease to its commercial fleet customers.
NORTHBROOK, IL – The Donlen and IFS partnership will help ensure buyers are getting quality vehicles and an easy, streamlined financing option, the companies said.
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