DaimlerChrysler Establishes Finance Group for Commercial Customers

Jan. 27, 2004
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 in June at 29 Dodge dealers, ‘Business Vehicle Finance’ is now rolled out to more than 400 Chrysler, Jeep and Dodge dealers in the U.S. "Shifting our commercial business to this newly created credit team takes
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 in June at 29 Dodge dealers, ‘Business Vehicle Finance’ is now rolled out to more than 400 Chrysler, Jeep and Dodge dealers in the U.S.

"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, Vice President -- 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 customers business type, cash flow, balance sheets and tax liability. The team also will help dealers to structure fleet financing packages, for example skip payments, as well as establish credit lines for commercial and municipal customers and adjust financing to support cash flow and balance sheets, company officials said.

Voice your opinion!

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

Sponsored Recommendations

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 ...

Fleet Industry Benchmarks: How does your fleet stack up?

Discover how your fleet compares to industry benchmarks and gain insights from a 2024 Benchmarking Report on maintenance spend, turnaround time, and more. Join us to identify ...

Build a Tolling Program to Manage Toll Fees and Risks

Fleets looking to effectively manage their operational costs should consider their tolling costs. Download the PrePass whitepaper, “Build a Tolling Program to Manage Toll Fees...

Reducing CSA Violations & Increasing Safety With Advanced Trailer Telematics

Keep the roads safer with advanced trailer telematics. In this whitepaper, see how you can gain insights that lead to increased safety and reduced roadside incidents—keeping drivers...