Watch LeasePlan’s future vision for mobility

Global vehicle leasing firm LeasePlan has teamed up with Richard Hammond, The Grand Tour and former Top Gear presenter, to launch its vision of the future of mobility as part of a new company strategy. It is aiming to deliver ‘any car, anytime, anywhere’, with an expansion from new into used vehicle leasing and the launch of a ‘digital power of one LeasePlan’ strategy.

Watch LeasePlan’s future vision for mobility

Oct 17, 2017

Global vehicle leasing firm LeasePlan has teamed up with Richard Hammond, The Grand Tour and former Top Gear presenter, to launch its vision of the future of mobility as part of a new company strategy. It is aiming to deliver ‘any car, anytime, anywhere’, with an expansion from new into used vehicle leasing and the launch of a ‘digital power of one LeasePlan’ strategy.

Growth forecasts increased for leasing and finance

The Equipment Leasing and Finance Foundation has upped its forecast for future growth in investment in equipment and software this year, predicting it will now expand 4.3% in 2017, surpassing its earlier estimate of a 3.6% rise. The Q4 update to the Foundation’s 2017 US Economic Outlook report says the revised investment growth estimate is driven by the combination of continued elevated business confidence, a recovering oil sector, and the release of pent-up demand following lackluster investment growth in 2016.

Growth forecasts increased for leasing and finance

Oct 17, 2017

The Equipment Leasing and Finance Foundation has upped its forecast for future growth in investment in equipment and software this year, predicting it will now expand 4.3% in 2017, surpassing its earlier estimate of a 3.6% rise. The Q4 update to the Foundation’s 2017 US Economic Outlook report says the revised investment growth estimate is driven by the combination of continued elevated business confidence, a recovering oil sector, and the release of pent-up demand following lackluster investment growth in 2016.

Bibby Financial Services strengthens exec team

Bibby Financial Services (BFS) has announced new appointments to its US team as the company seeks to grow its asset-based lending, factoring and transportation finance offerings to serve small and medium-sized enterprises across industries. Todd Ferrara has been appointed chief administrative officer for North America and Melissa Smith has accepted the role of head of operations for the US.

Bibby Financial Services strengthens exec team

Oct 17, 2017

Bibby Financial Services (BFS) has announced new appointments to its US team as the company seeks to grow its asset-based lending, factoring and transportation finance offerings to serve small and medium-sized enterprises across industries. Todd Ferrara has been appointed chief administrative officer for North America and Melissa Smith has accepted the role of head of operations for the US.

20 senior industry leaders explain the latest trends in the US Auto & Equipment Finance market

The latest complimentary report, released by finance technology firm White Clarke Group, shares recent industry statistics from the US Automotive and Equipment Finance market by local trade associations as well as featuring predictions from 20 well-known industry leaders. Discover a detailed outlook for 2017 and how 2018 is shaping up in White Clarke Group’s new United States Auto & Equipment Finance Survey.

20 senior industry leaders explain the latest trends in the US Auto & Equipment Finance market

Oct 03, 2017

The latest complimentary report, released by finance technology firm White Clarke Group, shares recent industry statistics from the US Automotive and Equipment Finance market by local trade associations as well as featuring predictions from 20 well-known industry leaders. Discover a detailed outlook for 2017 and how 2018 is shaping up in White Clarke Group’s new United States Auto & Equipment Finance Survey.

Hurricane-hit businesses offered leasing help

Boston-based LeaseQ has launched a new disaster recovery program (DRP) designed to connect businesses with instant equipment financing to rebuild after natural disasters, in the wake of the recent hurricanes. LeaseQ is offering equipment financing with no payments for 90 days for business owners needing to quickly replace equipment lost in the devastation. Multiple lenders are partnering with the company to offer the payment deferral program, including Fidelity Capital, American Capital and Financial Pacific.

Hurricane-hit businesses offered leasing help

Oct 17, 2017

Boston-based LeaseQ has launched a new disaster recovery program (DRP) designed to connect businesses with instant equipment financing to rebuild after natural disasters, in the wake of the recent hurricanes. LeaseQ is offering equipment financing with no payments for 90 days for business owners needing to quickly replace equipment lost in the devastation. Multiple lenders are partnering with the company to offer the payment deferral program, including Fidelity Capital, American Capital and Financial Pacific.

LeasePlan USA adds to leadership

LeasePlan USA has named Anthony Fina as the new vice-president of business development in the Northeast region, succeeding LeasePlan sales veteran, Gerry Tellier, who is promoted to senior vice-president of business development – east.

LeasePlan USA adds to leadership

Oct 17, 2017

LeasePlan USA has named Anthony Fina as the new vice-president of business development in the Northeast region, succeeding LeasePlan sales veteran, Gerry Tellier, who is promoted to senior vice-president of business development – east.

Demand for aviation leasing set to grow

There is likely to be a significant increase in the number of business aircraft acquired on operating leases over the coming year as rates prove increasingly attractive, according to a study by Global Jet Capital. Its research, with a panel of around 150 business aviation professionals, revealed that almost half (46%) of those surveyed expect to see growing demand for operating leases in corporate aircraft transactions over the next 12 months, while 8% say they are expecting this increase to be “dramatic”.

Demand for aviation leasing set to grow

Oct 17, 2017

There is likely to be a significant increase in the number of business aircraft acquired on operating leases over the coming year as rates prove increasingly attractive, according to a study by Global Jet Capital. Its research, with a panel of around 150 business aviation professionals, revealed that almost half (46%) of those surveyed expect to see growing demand for operating leases in corporate aircraft transactions over the next 12 months, while 8% say they are expecting this increase to be “dramatic”.

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Porsche launches vehicle subscription service

Porsche Cars North America (PCNA) is piloting a new sports car and SUV subscription program, which provides members flexible access to Porsche vehicles via a mobile app. The month-to-month subscription program, called Porsche Passport, offers frequent vehicle exchanges, unrestricted mileage, and on-demand access for up to 22 different Porsche models.

Porsche launches vehicle subscription service

Oct 17, 2017

Porsche Cars North America (PCNA) is piloting a new sports car and SUV subscription program, which provides members flexible access to Porsche vehicles via a mobile app. The month-to-month subscription program, called Porsche Passport, offers frequent vehicle exchanges, unrestricted mileage, and on-demand access for up to 22 different Porsche models.

Diesel uncertainty prompts change on dealer forecourts

Nearly nine out of 10 UK car dealers plan to review their fuel profiles in 2018 in response to consumer uncertainties around diesel, a recent survey conducted by Cox Automotive has revealed. Just over half of those surveyed altered stock profiles in 2017 (54%), but 87% plan to make a change in 2018.

Diesel uncertainty prompts change on dealer forecourts

Oct 16, 2017

Nearly nine out of 10 UK car dealers plan to review their fuel profiles in 2018 in response to consumer uncertainties around diesel, a recent survey conducted by Cox Automotive has revealed. Just over half of those surveyed altered stock profiles in 2017 (54%), but 87% plan to make a change in 2018.

Addleshaw Goddard expands rail and asset finance team

Addleshaw Goddard has appointed rail and asset finance specialist Clive Smith as a partner in its London-based banking practice. Smith joins from Osborne Clarke, where he was a partner advising banks, lessors and operators, as well as manufacturers, on a range of asset classes with a particular emphasis on rolling stock fleets.

Addleshaw Goddard expands rail and asset finance team

Oct 16, 2017

Addleshaw Goddard has appointed rail and asset finance specialist Clive Smith as a partner in its London-based banking practice. Smith joins from Osborne Clarke, where he was a partner advising banks, lessors and operators, as well as manufacturers, on a range of asset classes with a particular emphasis on rolling stock fleets.

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Westlake rolls out nationwide e-contracting

Westlake Financial Services has announced the nationwide rollout of its e-contracting automotive loan origination solution in 50 US states through DealerCenter. The e-contracting solution allows both independent and franchised dealers to sign contracts electronically, upload supporting documentation, and instantaneously push all information to Westlake as soon as the loan package is complete.

Westlake rolls out nationwide e-contracting

Oct 13, 2017

Westlake Financial Services has announced the nationwide rollout of its e-contracting automotive loan origination solution in 50 US states through DealerCenter. The e-contracting solution allows both independent and franchised dealers to sign contracts electronically, upload supporting documentation, and instantaneously push all information to Westlake as soon as the loan package is complete.

Modix announces new appointments

Digital marketing business Modix has announced a series of key appointments. Julian McClung has been made head of product and Jason Jones becomes head of delivery as the company expands its end-to-end retailing platform. Modix has grown extensively over the past year since its UK launch in September 2016.

Modix announces new appointments

Oct 16, 2017

Digital marketing business Modix has announced a series of key appointments. Julian McClung has been made head of product and Jason Jones becomes head of delivery as the company expands its end-to-end retailing platform. Modix has grown extensively over the past year since its UK launch in September 2016.

Former M&S chairman joins Zenith

Zenith, one of the UK’s largest vehicle leasing companies, has appointed Lord Rose as its chairman. Lord Rose has more than 40 years of experience in the consumer and retail sectors during which time he served as chief executive of major companies including Argos, Arcadia, Booker and Marks & Spencer.

Former M&S chairman joins Zenith

Oct 16, 2017

Zenith, one of the UK’s largest vehicle leasing companies, has appointed Lord Rose as its chairman. Lord Rose has more than 40 years of experience in the consumer and retail sectors during which time he served as chief executive of major companies including Argos, Arcadia, Booker and Marks & Spencer.

Canadian leasing partnership builds $800 million portfolio

Hitachi Capital Canada has marked the five-year anniversary of its collaboration with CLE Capital (formerly known as CLE Leasing) to offer a comprehensive set of commercial equipment financing solutions across Canada. In October 2012, Hitachi Capital Canada (HCC) was founded and headquartered in Burlington, Ontario and became a subsidiary of Hitachi Capital America (HCA).

Canadian leasing partnership builds $800 million portfolio

Oct 13, 2017

Hitachi Capital Canada has marked the five-year anniversary of its collaboration with CLE Capital (formerly known as CLE Leasing) to offer a comprehensive set of commercial equipment financing solutions across Canada. In October 2012, Hitachi Capital Canada (HCC) was founded and headquartered in Burlington, Ontario and became a subsidiary of Hitachi Capital America (HCA).

PSA pushes into US mobility market

European car manufacturer Groupe PSA has taken its first step into the US market with Free2Move, a smartphone-based mobility aggregation platform. The platform provides mobility solutions and easy interaction with a wide range of car and bike-sharing providers.

PSA pushes into US mobility market

Oct 13, 2017

European car manufacturer Groupe PSA has taken its first step into the US market with Free2Move, a smartphone-based mobility aggregation platform. The platform provides mobility solutions and easy interaction with a wide range of car and bike-sharing providers.

CIT expands aircraft lending

CIT Group is to expand its commercial aircraft lending business, with a new aviation lending team providing aircraft-backed loans to the commercial aviation industry. The team will be headed up by Jennifer Villa Tennity, who rejoins CIT as president of the business.

CIT expands aircraft lending

Oct 13, 2017

CIT Group is to expand its commercial aircraft lending business, with a new aviation lending team providing aircraft-backed loans to the commercial aviation industry. The team will be headed up by Jennifer Villa Tennity, who rejoins CIT as president of the business.

$881m aviation leasing fund launch

San Francisco-based BBAM Limited Partnership has announced the successful fundraising and closing of Incline Aviation I, an $881 million fund dedicated to investing in leased commercial jet aircraft. BBAM surpassed its initial target of $750 million, raising capital commitments from limited partners, including some of the world’s largest public employee pension plans and sovereign wealth funds.

$881m aviation leasing fund launch

Oct 13, 2017

San Francisco-based BBAM Limited Partnership has announced the successful fundraising and closing of Incline Aviation I, an $881 million fund dedicated to investing in leased commercial jet aircraft. BBAM surpassed its initial target of $750 million, raising capital commitments from limited partners, including some of the world’s largest public employee pension plans and sovereign wealth funds.

Santander Consumer USA reforms executive team

Santander Consumer USA Holdings (SC) has announced several key changes to the auto finance lender’s leadership team under new CEO Scott Powell. Juan Carlos Alvarez, corporate treasurer of Santander Holdings USA (SHUSA) is succeeding Ismail Dawood as chief financial officer of SC.

Santander Consumer USA reforms executive team

Oct 13, 2017

Santander Consumer USA Holdings (SC) has announced several key changes to the auto finance lender’s leadership team under new CEO Scott Powell. Juan Carlos Alvarez, corporate treasurer of Santander Holdings USA (SHUSA) is succeeding Ismail Dawood as chief financial officer of SC.

Using digitisation to speed up lending application processes

When lenders request bank statements from customers as part of the application process, it can cre...

Solid UK asset finance growth

Asset finance new business, primarily covering leasing and hire purchase, grew by 3% in August, ne...

Leaseurope annual convention discusses a “new narrative” in asset finance

“We were all a little bit scared, but once we got started...we saw you can overcome the obstacles”...

Investec Asset Finance provides block discounting facility to PCF Bank

Investec Asset Finance is supporting PCF Bank’s funding strategy with a £15 million block discount...