US lessors’ optimism soars – aided by strong new business growth

The US Equipment Leasing and Finance Association’s (ELFA) monthly leasing and finance index showed that overall new business volume for October was $8.3 billion, up 9% from new business volume in October 2013.

 
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US lessors’ optimism soars – aided by strong new business growth

Nov 24, 2014

The US Equipment Leasing and Finance Association’s (ELFA) monthly leasing and finance index showed that overall new business volume for October was $8.3 billion, up 9% from new business volume in October 2013.

Automotive lenders need to “go extra mile to satisfy customers”

Automotive finance providers are making a crucial mistake if they focus their efforts on only one or two areas of the lending process and expect to have satisfied customers. Rather, they need to go the extra mile and excel in all areas throughout the life of the loan or lease according to the J.D. Power 2014 US Consumer Financing Satisfaction Study released last week.

 
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Automotive lenders need to “go extra mile to satisfy customers”

Nov 22, 2014

Automotive finance providers are making a crucial mistake if they focus their efforts on only one or two areas of the lending process and expect to have satisfied customers. Rather, they need to go the extra mile and excel in all areas throughout the life of the loan or lease according to the J.D. Power 2014 US Consumer Financing Satisfaction Study released last week.

CAP Automotive acquired by Solera Holdings

CAP Automotive has been acquired by Solera Holdings a provider of risk and asset management software and services to the automotive and property marketplace - including the property & casualty (P&C) insurance industry. Solera has long-established operations in the UK, and it is active in more than 70 other countries worldwide.

 
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CAP Automotive acquired by Solera Holdings

Nov 22, 2014

CAP Automotive has been acquired by Solera Holdings a provider of risk and asset management software and services to the automotive and property marketplace - including the property & casualty (P&C) insurance industry. Solera has long-established operations in the UK, and it is active in more than 70 other countries worldwide.

Asia Pacific sets the pace in the growth of asset financing for manufacturing equipment

Manufacturing firms worldwide are increasingly deploying asset finance to facilitate equipment acquisition and technology upgrade, according to research from Siemens' Financial Services Division (SFS). A study conducted amongst the global top-40 industrial machinery and equipment manufacturers found that 76% reported rising customer demand for asset finance over the last two years, and the majority (93%) expect interest to increase further in the near future.

 
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Asia Pacific sets the pace in the growth of asset financing for manufacturing equipment

Nov 22, 2014

Manufacturing firms worldwide are increasingly deploying asset finance to facilitate equipment acquisition and technology upgrade, according to research from Siemens' Financial Services Division (SFS). A study conducted amongst the global top-40 industrial machinery and equipment manufacturers found that 76% reported rising customer demand for asset finance over the last two years, and the majority (93%) expect interest to increase further in the near future.

BMW Group Financial Services’ radical new business model sets customer-centric standard for retail automotive finance

BMW Group Financial Services has launched a new business model for its network of 147 BMW and 143 MINI retail dealers throughout the UK. The new customer-centric approach aims to make significant changes to the way in which retailers are incentivised and rewarded, as well as updating the terms for the brand’s finance products.

 
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BMW Group Financial Services’ radical new business model sets customer-centric standard for retail automotive finance

Nov 20, 2014

BMW Group Financial Services has launched a new business model for its network of 147 BMW and 143 MINI retail dealers throughout the UK. The new customer-centric approach aims to make significant changes to the way in which retailers are incentivised and rewarded, as well as updating the terms for the brand’s finance products.

Asset Finance recruitment: Two new innovative schemes under way

As the dearth of experienced asset finance staff is increasingly being felt throughout the global leasing industry two forward-looking companies are seizing the initiative and developing advanced in-house training programs. In the US DLL has inaugurated its Generation Next scheme and and in the UK Shire Leasing is progressing with its Sales Academy.

 
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Asset Finance recruitment: Two new innovative schemes under way

Nov 19, 2014

As the dearth of experienced asset finance staff is increasingly being felt throughout the global leasing industry two forward-looking companies are seizing the initiative and developing advanced in-house training programs. In the US DLL has inaugurated its Generation Next scheme and and in the UK Shire Leasing is progressing with its Sales Academy.

Scania Finance selects Cassiopae auto finance software – new rollout begins in Spain

Scania Financial Services, the financial services arm of the major Swedish manufacturer of heavy trucks and buses, has selected Cassiopae’s vehicle finance software. The new contract with Scania will further expand the two companies’ existing relationship. Scania is already using Cassiopae products in France, Germany, Austria, Switzerland, and the UK. In Spain, Scania Finance will be implementing the latest version of Cassiopae’s flagship auto finance software.

 
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Scania Finance selects Cassiopae auto finance software – new rollout begins in Spain

Nov 19, 2014

Scania Financial Services, the financial services arm of the major Swedish manufacturer of heavy trucks and buses, has selected Cassiopae’s vehicle finance software. The new contract with Scania will further expand the two companies’ existing relationship. Scania is already using Cassiopae products in France, Germany, Austria, Switzerland, and the UK. In Spain, Scania Finance will be implementing the latest version of Cassiopae’s flagship auto finance software.

Cabot Square Capital builds on recent expansion with acquisition of retail auto finance company Blue Motor Finance

Cabot Square Capital, the specialist financial services private equity investor, has acquired Blue Motor Finance, a car finance lender. Blue Motor Finance (BMF) will offer retail auto finance facilities backed by equity investment from Cabot Square Capital together with a new £200 million long term funding facility provided by an unnamed major international bank.

 
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Cabot Square Capital builds on recent expansion with acquisition of retail auto finance company Blue Motor Finance

Nov 17, 2014

Cabot Square Capital, the specialist financial services private equity investor, has acquired Blue Motor Finance, a car finance lender. Blue Motor Finance (BMF) will offer retail auto finance facilities backed by equity investment from Cabot Square Capital together with a new £200 million long term funding facility provided by an unnamed major international bank.

UK government’s ENABLE scheme for small businesses seeks leasing participants

The British Business Bank has launched a new programme, ENABLE, aimed at improving the provision of asset and lease finance to smaller UK businesses. A spokesman said: “Asset finance is an important source of finance for smaller businesses, but providers of such finance often lack the scale to access capital markets – a key source of funding for lending institutions – in a cost-efficient manner.”

 
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UK government’s ENABLE scheme for small businesses seeks leasing participants

Nov 18, 2014

The British Business Bank has launched a new programme, ENABLE, aimed at improving the provision of asset and lease finance to smaller UK businesses. A spokesman said: “Asset finance is an important source of finance for smaller businesses, but providers of such finance often lack the scale to access capital markets – a key source of funding for lending institutions – in a cost-efficient manner.”

Lease accounting: FASB reassesses costs of new standards

The Financial Accounting Standards Board (FASB) is doing more rigorous cost/benefit analyses of any new changes in accounting standards, and in some cases that is causing some of the divergence from the International Accounting Standards Board (IASB), according to FASB officials.

 
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Lease accounting: FASB reassesses costs of new standards

Nov 18, 2014

The Financial Accounting Standards Board (FASB) is doing more rigorous cost/benefit analyses of any new changes in accounting standards, and in some cases that is causing some of the divergence from the International Accounting Standards Board (IASB), according to FASB officials.

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