LeaseTrading Launches Lease Marketplace

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
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!

Sponsored Recommendations

Leveraging telematics to get the most from insurance

Fleet owners are quickly adopting telematics as part of their risk mitigation strategy. Here’s why.

Reliable EV Charging Solution for Last-Mile Delivery Fleets

Selecting the right EV charging infrastructure and the right partner to best solve your needs are critical. Learn which solution PepsiCo is choosing to power their fleet and help...

Overcoming Common Roadblocks Associated with Fleet Electrification at Scale

Fleets in the United States, are increasingly transitioning from internal combustion engine vehicles to electric vehicles. While this shift presents challenges, there are strategies...

Report: The 2024 State of Heavy-Duty Repair

From capitalizing on the latest revenue trends to implementing strategic financial planning—this report serves as a roadmap for navigating the challenges and opportunities of ...