Stagnant credit, slumping travel and automaker hardships are hobbling rental-car companies so they, too, are looking for a government bailout. The House passed a measure allowing TARP-backed loans to these and other major fleet buyer loans. The Senate is now considering.
Flexco Fleet Lease Exchange is a remarketing provider for company fleets. It partnered with Innovative Funding Services to provide funding, paperwork and extended service agreements to its clients.
Many independent used vehicle dealers closed in 2008 as the credit crunch and cautious consumers shrank sales. The situation has now improved such that larger dealers could return to significant profits within the next 5-6 months.
Toyota Certified Used Vehicles will expand to include the automaker's hybrid models. Qualifying vehicles offer warranties and get 14 additional inspection points.