Innovative Funding Services (IFS) will begin operating under a new name and, effective immediately, will be known as Tresl.
Tim Janssen, the retired president of IFS (Innovative Funding Services LLC), passed away on Aug. 14 in Largo Vista, Texas. He was 55. Janssen founded IFS in 2007 and served as president of IFS for more than 12 years until his retirement in Jan. 1.
Mercedes-Benz is offering a 2.99% annual percentage rate of charge for qualified corporate purchasers of its 2019 C-Class sedan in March for financing terms from 24 months to 72 months, the automaker has announced.
JLG Financial offers a quick application process and flexible payment plans for the sale of new and used equipment.
Clean Energy Fuels announced a new Zero Now Financing program that makes the cost of purchasing a new natural gas heavy-duty truck equalizes to the price with a similarly equipped diesel truck.
In recent years, funding strategies for fleet vehicles (including both leased and financed) has been pretty straightforward. Funding rates have been low, and have remained relatively flat. Is it time to reassess?
Good times, tough times, no matter what the economy brings, when you replace vehicles, somebody must get paid. There are a variety of funding options available to fleets; here are some of them, and how to find the right one.
GM Financial reported $202 million in net income in the first quarter of 2017, a 23% increase over the same time last year, despite pressure on used-car values, the company has announced.
GE announced that it has reached an agreement to sell its GE Capital, Transportation Finance business in the U.S. and Canada to BMO Financial Group (BMO).
Fleet managers are manufacturers of used vehicles. Many of the buyers of used fleet vehicles are C and D paper buyers. One unintended consequence to companies extending the service lives of fleet vehicles is that it is more difficult for used-vehicle dealers to finance C and D paper buyers in the secondary funding market. The issue, from the perspective of the finance company, is the remaining life of higher-mileage vehicles.
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