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Business Fleet – Market Trends

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Commercial Leases are Now Eligible Collateral to be Funded by TALF Program

March 17, 2009

The credit gridlock gripping the nation's economy has made it more difficult (and expensive) to fund fleet vehicles using asset-backed securities. Last February, the Federal Reserve and the U.S. Treasury launched a joint program called the Term Asset-Backed Securities Loan Facility (TALF) to improve credit conditions in the securitization markets. On March 3, the Federal Reserve expanded the definition of eligible collateral under TALF to include commercial leases. Here's how the program works.

Tags: Credit, U.S. Treasury

Author: Mike Antich | Posted @ Tuesday, March 17, 2009 10:07 AM | » Comments(0)

Credit Gridlock Will Impede Sales of Used Fleet Vehicles

September 29, 2008

The bread-and-butter customers of out-of-service fleet vehicles are buyers with C and D credit, namely subprime buyers. However, funders have tightened underwriting standards to manage these higher risk borrowers. Some lenders have caps on how low a FICO score they are willing to fund, which is often above the threshold of subprime borrowers. If this continues, it will have significant long-term implications for the sale of used fleet vehicles.

Tags: Credit, Used Vehicle Sales

Author: Mike Antich | Posted @ Monday, September 29, 2008 12:25 PM | » Comments(1)

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AUTHOR BIO

Mike Antich

Editor and Associate Publisher

Mike Antich has been covering the fleet management and vehicle remarketing markets for more than 20 years. During this period, Mike has written or edited more than 4,600 articles on the subjects of fleet management, manufacturer fleet activities, the fleet leasing industry, and vehicle remarketing. He was inducted in the Fleet Hall of Fame in 2010.

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