Drivers say controversial TNC encourages bad lending terms that push them into debt, poverty.
The program offers customers bank rate financing and credit programs for bankable credits to structured deals.
The vehicle financing and leasing firm also extended its agreement with Wells Fargo Equipment Finance to Nov. 2013.
Historic low rates and strong portfolio performance has led to an increase in revenues.
The commercial vehicle industry lender reports a 12% revenue increase compared to 2010.
A-Z Resources becomes Fleet Financing Resources to better convey the broad spectrum of services offered to clients.
Autoline Capital Corp. has readily available funds for up to 84 months to finance limo and shuttle-type buses.
The venture helps independent operators and chauffeurs affiliated with Carey to get easier access to credit in a tough economy.
2009 has brought a severe contraction in credit availability for new fleet vehicles. Leasing and finance avenues have dried up as lenders absorb capital losses and arrange loans cautiously. Operators need spotless credit to get a good deal on fleet vehicles.
FINANCE & LEASING: The brutal recession has rendered some operators upside down on their vehicles, with the outstanding loan or residual exceeding the value of the vehicle.
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