LeaseTrading Creates Lease-Transfer Outlet

June 1, 2001
LeaseTrading Inc has introduced a full-service, independent marketplace for transfer of commercial vehicle and equipment leases. Serving North America,

LeaseTrading Inc has introduced a full-service, independent marketplace for transfer of commercial vehicle and equipment leases. Serving North America, the LeaseTrading marketplace, located at www.leasetrading.com, facilitates transfer of leases for not only trucks and automobiles, but also construction, office, computer, and medical equipment.

Using proprietary technology, LeaseTrading manages all aspects of the transfer process from initial listing of assets to exchange negotiation and contact with credit institutions and, finally, to logistics arrangements and asset delivery.

Benefits for leasing industry participants are:

  • Acquirers of equipment and vehicles can locate and lease high-quality assets on attractive terms.

  • Leasing companies, through LeaseTrading's risk management program, have an alternative for managing their lease portfolio credit experience. By addressing one of their customers' greatest concerns, LeaseTrading helps leasing companies improve sales and service.

  • Lessees now have greater term flexibility and an alternative to defaults and penalties.

  • Dealers and brokers have a new tool to complete more transactions and grow their business. After dealers and brokers assist prospective customers with exiting an existing lease, they are able to purchase a new asset.

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