The lease fleet has about $340 million in off-balance-sheet debt against it, but that's just 53% of book value and the leasing business throws off $50 million per year in cash more than enough to service the debt.
Trinity sells about 40% of its railcars to its own lease fleet, but unlike Enron, the company doesn't record the revenue or profit from those transactions on its income statement.
The business is growing and expects to expand its workforce of seven to 25 this year, half of whom will be in sales roles and on the road for much of their time, so the search is on for a leased fleet of vehicles that meet their needs.
The Financial Services segment includes car leasing, fleet business, retail customer and dealer financing, customer deposit business, and insurance activities.
Financial Services segment includes car leasing, fleet business, retail customer and dealer financing, customer deposit business, and insurance activities.
The GE Capital segment's services include commercial loans and leases, fleet management, financial programs, home loans, credit cards, personal loans and other financial services.
The GE Capital segment offers financial services and products worldwide for businesses of all sizes, services include commercial loans and leases, fleet management, financial programs, credit cards, personal loans and other financial services.
A Texas oilman named R.J. Jackson actually obtained the first patent for his golf cart in 1948 (named the "Arthritis Special"), and another California company called Autoette first began leasing fleets of golf carts.
But carmakers don't lease cars to rental fleets to show them off.
When leasing a fleet, the leasing provider typically handles a variety of fleet management tasks, including paperwork and record keeping, leaving you to concentrate on your core business.
In a last-ditch effort to block a controversial $20 billion proposal by the Air Force to lease a fleet of Boeing 767 aerial tankers, Senator John McCain's office has released documents showing a high-level lobbying campaign by the Air Force and Boeing to fend off critics as well as potential competitors.
