LeasePlan USA Chooses Fourth Fleet Financial for Remarketing Efforts

by Staff

November 8, 2002

2 min to read

LeasePlan USA has chosen Fourth Fleet Financial to provide financing options for its Driver Sale Program. LeasePlan says it selected the company due to its flexible approach and commitment to find a financing partner for every applicant. Founded by industry veteran Jeff Danford, Fourth Fleet Financial offers a portfolio of lenders to serve a broad spectrum of clientele. Among its financing partners are: WFS Financial, Household Finance, E-LOAN and RoadLoans, a division of Triad Financial. LeasePlan was the first fleet management lessor to partner with Fourth Fleet Financial. "Working with Fourth Fleet Financial is a win-win situation," said John Rancourt, director, used vehicle marketing and license & title for LeasePlan USA. "Due to its established relationships with a number of reputable financing partners, we anticipate an increase in the percentage of fleet vehicles purchased by the drivers, which helps to better the bottom line for our clients." LeasePlan previously worked with a traditional financing partner. "We needed additional flexibility to accommodate a variety of situations," explained Rancourt. "With Fourth Fleet Financial, we are able to bring in a wider number of financing partners and options to find the best funding source for each buyer. It is truly a customized process." "We look forward to working closely with LeasePlan to increase driver sales and satisfaction with the lease buyout process," said Tim Janssen, vice president, business development for Fourth Fleet Financial. "Lease Plan's history of offering unique and flexible products is a perfect complement to Fourth Fleet's innovative financial services." Fourth Fleet Financial claims it specializes in financing options within the auto industry. The company, based in Austin, Texas, was formed to bring lending and employee services practices to the fleet end-of-term process.

Topics:Small Fleet

More Small Fleet

Promotional graphic for a Utilimarc guide titled Beyond Utilization Rates: How Data-Driven Fleets Are Rethinking Vehicle Replacement, featuring a report cover with fleet vehicles, key benefits, and a call-to-action to download the guide.

Beyond Utilization Rates: Smarter Fleet Replacement Decisions

Vehicle replacement decisions affect every aspect of fleet performance, from operating costs to asset availability. This guide explores how fleet leaders use integrated data, benchmarking, and lifecycle analytics to determine the right fleet size and optimize replacement timing with greater confidence.

Cover of a whitepaper titled “The Hidden Costs of Departmentally Assigned Vehicles on Your Fleet” featuring a black fleet vehicle driving on a road at sunset. Subheadline reads: “Discover how your fleet can reduce costs and minimize risk by implementing vehicle sharing.” The document focuses on fleet optimization, vehicle sharing, cost reduction, utilization tracking, and risk management for fleet operations.

Why Fleet Managers Are Replacing Departmental Vehicles with Shared Motor Pools

Departmentally assigned vehicles often create hidden costs through underutilization, poor visibility, and increased administrative burden. This white paper explores how shared motor pool strategies help fleets reduce costs, improve accountability, and optimize vehicle utilization.

Boosting Last-Mile Fleet Uptime, Safety, and Value with AI Vehicle Inspections

AI-powered inspections are transforming last-mile fleets by replacing manual checks with highly accurate automated scans that detect defects in seconds. By giving fleet operations visibility into the daily condition of their vehicles, you can identify trends over the vehicle’s lifecycle that enable improved procurement decisions, route management, driver training and accountability.