Donlen Corporation announced it has chosen Fourth Fleet Financial, Inc. to provide automotive financing options for its Personal Sale Program. Donlen says it selected the company for its unique, highly specialized approach to financing end-of-term fleet driver sales and its commitment to matching each customer with an appropriate lending partner.
According to the company, Fourth Fleet Financial was founded specifically to create custom tailored financial services that enhance existing remarketing efforts of partnering financial institutions. The company delivers broad credit spectrum coverage via a multi-lender network of automotive finance companies.
“The company’s proprietary processes and unique portfolio of lending sources provides depth to our Personal Sale Program leading to a more valuable service for our clients,” said Layne Weber, director of Vehicle Remarketing. The Personal Sale program is an important vehicle remarketing option for Donlen clients. “By increasing the reach and capability of our existing personal sale program, Fourth Fleet Financial helps us add another level to this valuable program. Until now, we have steered clear from adding financing to our current program as the existing market solutions have not been sufficient to meet the needs of our clients. We think that the Fourth Fleet program is a nice option for our client base,” added Weber.
Fourth Fleet Financial and its partner lenders provide a comprehensive solution for Donlen Personal Sale customers. Fourth Fleet Financial says it handles the entire credit application and loan contracting transaction directly and discreetly with each respective customer. Once a loan is consummated and the required lease buyout is satisfied, Fourth Fleet’s process facilitates the remote titling and registration of the vehicle into the respective purchasing individual’s name.
“Donlen has a greater than 35 year tradition of customer commitment and technological innovation,” said Jeffrey L. Danford, president & CEO for Fourth Fleet Financial. “We’re pleased to be working with such a respected veteran of the fleet management industry. The entire Fourth Fleet team is honored to have been chosen by Donlen and we look forward to working jointly to deliver an enhanced Personal Sale service to Donlen clients.”
About Fourth Fleet Financial
Fourth Fleet Financial, headquartered in Austin, TX, provides financing options within the auto industry. The company was formed to bring lending and employee services practices to the fleet end-of-term process. Fourth Fleet Financial offers highly specialized lending and extended service contract programs to fleet management companies, remarketing firms and financial institutions. Visit www.4thfleet.com
for more information on the company and its products.
Donlen Corporation, located in Northbrook, IL with offices nationwide, is a global provider of fleet management programs. Since its beginning over 35 years ago, Donlen maintains the conviction that the single most valuable benefit they offer customers is highly personalized and responsive customer service.