A TCF Capital Solutions has hired Paul Erwin to lead a fleet funding initiative for fleet management companies, according to a release.
The Federal Reserve announced a quarter-point interest rate reduction yesterday, its third such move this year. The target federal funds rate now stand at 1.5% after starting the year at 2.25%.
Daimler says it's the first to introduce a truck lease program that can help fleets mitigate the risks of an uncertain economy, with payments based on actual miles driven.
Doering Fleet Management has named Adam Berger its president and has opened offices in two states, the Brookfield, Wis.-based leasing company has announced.
Federal Reserve Chairman Jerome Powell officially announced a widely expected cut to the federal funds rate yesterday, dropping the central bank's target by a quarter-point to 2%.
The Internal Revenue Service update of the depreciation limits for higher-priced passenger vehicles should have minimal impact on commercial leasing, fleet management company executives said.
While not a new idea, a sale and lease back transaction — where the owner of an asset sells the asset and then leases it back from the buyer — might make sense for some fleets today.
General Motors Financial Company Inc. reported operating lease originations for the nine months ended Sept. 30, 2018 at $17.3 billion, compared to $19.6 billion for the nine months ended Sept. 30, 2017.
As part of the partnership, FleetCor will manage the back-end system processing and billing of LeasePlan’s new universal fuel card. FleetCor will also manage and provide a variety of other services for LeasePlan USA, the company stated.
General Motors has begun offering an extended bumper-to-bumper warranty to its customers that matches the time span of the powertrain warranty. The new bumper-to-bumper warranty is available on new vehicles purchased on or after Oct. 15 for the 2018 or 2019 model year.
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