June 24, 2008

GE Capital Solutions Fleet Services Adds New Feature to Speed Buyout and Termination Process

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EDEN PRAIRIE, MN – GE Capital Solutions Fleet Services has enhanced its remarketing online management system for all vehicle types to save fleet managers time, ensure sales documentation accuracy, and initiate payment of resale proceeds. Through GE's my.Drivers/my.Vehicles online management tool, fleet managers can now access real-time quotes, facilitating faster vehicle buyouts and terminations processing.

GE's remarketing online management system provides customers a comprehensive view of current vehicle book value, fair market value, related taxes, fees, and more to quickly facilitate a driver or employee buyout of a vehicle. This comprehensive remarketing online tool also offers fleet managers the ability to easily generate vehicle quote and termination paperwork that can be printed, e-mailed or faxed, including e-signature capability, to the seller and purchaser resulting in a quicker termination process.

New self-service functionality facilitates sales to third parties by automating documentation transfer to the appropriate party as directed by the fleet manager. It also has the capability to store information of third party buyers to streamline data entry for future transactions.  In addition, a comprehensive vehicle quote history is provided.

my.Drivers/my.Vehicles is an online driver and vehicle management tool within Your Office @ Fleet on gefleet.com, which allows customers to view, summarize, and update both driver and vehicle details from one application. Accessing GE's remarketing online management system within my.Drivers/my.Vehicles offers better controls, ensures proper vehicle documentation and decreases processing time.

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