Operations

LCT Show Assures Limousine Operators Funding Available On Show Floor

Posted on December 10, 2008 by LCT Staff - Also by this author - About the author

LAS VEGAS — The International Limousine & Chauffeured Transportation Show (LCT SHOW), is proud to announce that despite the tightening of the credit market, funding is available to operators looking to expand their fleets. The LCT Show, taking place January 26-28th at the Venetian/Palazzo Resort in Las Vegas boasts a 100,000 square-foot show floor with vehicle manufacturers, coach builders, and industry suppliers such as funding, insurance, and software companies.

“Operators should not shy away from coming to the LCT Show because they think they won’t be able to obtain funding for a new vehicle off the show floor. Although lenders are being more conservative, there is capital and we are still lending,” says Dan Dyson, of Pennsylvania based Brenner Financial. “If your company is in the right financial position, this is the market to get great deals on cars.”

Although money is available, the rules have changed. Until recently, it was easy finance fleet vehicles. Now, because of the recession, lending institutions are requiring more proof such as financial history and bank statements. George Lee of A-Z Resources says, “The money is available and we want to lend it,” but Lee offers a few tips for lessees on positioning your company for loan approval. “Pay down personal credit cards and keep the balances below 35% of the maximum limit, or spread balances over several cards. Next, keep money in your business checking account, $5,000 minimum if possible. It may be as simple as cash management, moving money from other accounts or investments into your main account, or you can use your personal savings account demonstrate available cash. Last, don't let current vehicle payments get past 15 days of the due date.”

In addition to Brenner Financial and A-Z Resources, other funding and leasing companies with available capital can be found in the exhibit hall at the LCT Show. Additional companies include Titus Leasing Company, Autoline Capital Corp., and Advantage Funding.

For more information on the LCT Show including the exhibitor list, educational sessions, and networking events, please visit www.LCTSHOW.com or call (800) 576-8788.

Source: LCT Events

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