• LeaseTrading Launches Lease Marketplace

    Norwalk, CT-based LeaseTrading Inc. has announced its new on- and off-line service for transferring commercial vehicle and equipment leases. According to senior vp and co-founder Jeffrey Schmidt, the operation is the first and only full-service independent “marketplace” of its type. The marketplace is supported by a trading desk at company headquarters that can be reached by phone at 888-280-9009
    May 9, 2001
    Norwalk, CT-based LeaseTrading Inc. has announced its new on- and off-line service for transferring commercial vehicle and equipment leases.

    According to senior vp and co-founder Jeffrey Schmidt, the operation is the first and only full-service independent “marketplace” of its type.

    The marketplace is supported by a trading desk at company headquarters that can be reached by phone at 888-280-9009 or via the Internet.

    LeaseTrading facilitates the transfer of leases for trucks and cars as well as construction, office, computer and medical equipment.

    Schmidt said the firm uses proprietary technology to manage all aspects of the lease-transfer process, from initially listing assets to exchanging negotiation and contact information with credit institutions to completing final logistics and asset delivery.

    Besides increasing flexibility for all parties to a lease, Schmidt emphasized LeaseTrading’s ability to inject risk management into the process.

    “The ability to transfer a lease can mean the difference between bankruptcy and viability for a business or individual,” he explained. “And the difference between a performing and non-performing asset for a leasing company.”

    Voice your opinion!

    To join the conversation, and become an exclusive member of FleetOwner, create an account today!

    Sign up for our free eNewsletters

    Latest from News

    ID 119046131 © Jonathan Weiss | Dreamstime.com
    English language proficiency support
    A FleetOwner survey illustrates how industry readers view the government renewed English language proficiency enforcement. Respondents overwhelmingly support ELP in out-of-service...
    Daimler Truck
    Daimler and Volvo's Coretura leadership
    Two of the largest global truck OEMs have established a joint venture to develop one software-defined vehicle platform, bringing standardization to the industry. While the company...
    Nissan
    Lofaro succeeds Judy Wheeler, who is retiring after nearly 15 years of dedicated service to the brand.
    Major leadership changes are happening for Mack Trucks, Volvo Trucks North America, and Nissan Americas.