Fleet World Workshop Tools
Car Tax Calculator
CO2 Calculator
Van Tax Calculator
BiK Rates Company Car Tax

BVRLA welcomes news of Masterlease acquisition

By / 13 years ago / Latest News / No Comments

Under the terms of the deal, Wokingham-based Leasedrive Velo Group has been contracted to take over the management and day-to-day operations of the leasing firm.

John Lewis, chief executive of the BVRLA, said: 'This deal does not come as a surprise – GMAC, or Ally Financial as it is now known, has been divesting its full-service leasing businesses across the globe.

'It is great to welcome Investec into the vehicle funding arena. They have obviously recognised that this sector of the asset-backed finance market can provide good returns at low-risk.'

 

For more of the latest industry news, click here.

The author didn't add any Information to his profile yet.