DaimlerChrysler has established a new finance group for the U.S. market aimed at providing Chrysler Group dealers with custom finance packages for commercial customers.
A pilot program begun last year at 29 Dodge dealers, “Business Vehicle Finance,” has been rolled out to more than 400 Chrysler, Jeep and Dodge dealers .
“Shifting our commercial business to this newly created credit team takes us a step beyond the day-to-day financial processes by providing commercial customers with a dedicated team that understands the complex needs and sophisticated financing requirements of commercial borrowers,” said Klaus Entenmann, vp-Chrysler Financial.
The Business Vehicle Finance team will help Chrysler Group dealers, who sell vehicles to commercial customers, by providing them with more expertise when considering the customer's business type, cash flow, balance sheets and tax liability.
The team also will help dealers to structure fleet financing packages, including establishing credit lines for commercial and municipal customers and adjust financing to support cash flow and balance sheets, company officials said.