Idealease marks 25 years

Nov. 19, 2007
Idealease of North America is celebrating its 25th anniversary since its founding. In 1982, the former International Harvester Company sold its full-service lease franchise business

Idealease of North America is celebrating its 25th anniversary since its founding. In 1982, the former International Harvester Company sold its full-service lease franchise business to 11 International Truck dealers who then formed Idealease.

By the end of the 1983 more than 125 U.S. and Canadian International dealers opened Idealease affiliate locations. That number has more than tripled to over 420 dealers who now own or operate facilities in the U.S., Canada, and Mexico. There are also locations opening in South and Central America this year.

“The way we do business has greatly shaped the industry and the success we’ve had over the past 25 years,” said Bill Kennedy, president of Idealease. “Our principles haven’t changed since our first day in business. And we will continue to serve our customers with the flexibility, responsiveness and innovation we’re known for.”

“Leasing is steadily growing as commercial trucks become more complex to maintain and as customers see additional value in outsourcing aspects of their operations that are not part of their core business,” said David Johanneson, group vp, International Truck and Engine. “International dealers that choose to establish an affiliate Idealease operation at their location are gaining a significant advantage in their ability to serve these current and potential customers.”

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