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Speed Leasing LLC, which launched April 25, has already originated more than $1 million in leases, Chief Executive Hasham Malik told Powersports Finance, and projects to originate “well over” $2 million within the next month.
“There was a little lull there in the beginning as we worked to get our website and dealer portal running,” he said, but the startup is now beating its expectations.
Speed Leasing had projected to hit the $1 million mark in late August.
Auto lender Arivo Acceptance wanted to develop new software faster, so it enlisted a group mainly comprised of interns with...
Extra-long car loans can lower consumers’ monthly payments, but they also keep dealers from selling vehicles to those customers for...
Alternative asset management firm Bayview Asset Management in the past five years has purchased about $25 billion in auto collateral through bulk...
Luxury vehicle dealerships are fighting a rapidly growing scam in which fraudsters impersonate delivery companies to steal vehicles. Kalamazoo, Mich.-based...
David Thompson
David Thompson
David Thompson
