Juergen Rochert has a clear sense of purpose and, as he puts it, he and his team at Daimler Truck Financial are “there in the tough times” doing what’s right by the dealers and customers his team serves. Rochert’s career has spanned nearly three decades and covered two continents in a variety of positions, and he recently took his place as a member of the executive leadership team... read more
June 2010
Paul Menzel, CEO of Financial Pacific Leasing, is no stranger to tough times. But with strict adherence to pricing for risk and solid funding relationships, Menzel sees Financial Pacific poised to take advantage of promising growth opportunities both today and tomorrow.... read more
June 2010
As forensic accountants work to piece together what’s left of the company, and fleet lessors comb the country for missing trucks, the three executives blamed for orchestrating the multi-million factoring fraud that brought Tulsa-based transportation firm Arrow Trucking Co. to its knees are busy pointing fingers at each other. Using court records, press reports and the statements of those involved, the Monitor attempts to untangle the convoluted mess that was Arrow Trucking. ... read more
May/June 2010
Many lessors have sighed in relief as the Graves Amendment generally appears to have addressed various state laws, which previously held lessors of motor vehicles strictly liable for damage caused by their lessees. However, the recent case of U.S. v. Saporito, reminds us that strict liability laws are still out there.... read more
May/June 2010
With strong headwinds encompassing a poor economy, weak demand and tighter credit standards, 2009 turned out to be a challenging year for most vendor leasing companies. ... read more
May/June 2010
The case In re Taylor illustrates that the determination that the transfer of the security interest should be avoided is only the first step in granting relief to the estate, and formulating the proper remedy for the estate is more complicated than it would appear both practically and legally.... read more
May/June 2010
Do you lay in bed at night worrying about your bills? Are you barely meeting your monthly volume goal? Salespeople who continually prospect have less anxiety than the average salesperson. They also keep a steady stream of business coming in the door. While all sales reps know that they have to prospect, many do everything they can to avoid it.... read more
May/June 2010
For equipment leasing and finance executives searching for a remedy to the ills of the current market, the federal government’s mandate for the nation’s healthcare industry to update medical records systems is creating a potential multi-billion-dollar cure. This is especially true for banks and captives with internal funding sources, strong vendor relationships and deep market knowledge. ... read more
May/June 2010
Once again the industry took notice when in the final days of 2009, CapitalSource announced that 30-year leasing veteran Laird Boulden would launch the company’s new corporate asset finance division. Less than two months into the endeavor, the Monitor spoke with Boulden about his vision for the new venture, his departure from Tygris and the rationale behind the bold initiative.... read more
May/June 2010
What’s all this about “the good old days” versus “the new reality?” The Monitor’s mystery writer, Dexter Van Dango, returns to offer his view on this predicament. From where he sits, the new reality might not be so bad after all…... read more
May/June 2010
Vendor fraud — whether by oversight or an intentional act — is especially harmful to the equipment leasing industry in general and to vendor finance programs in particular. Patton Boggs’ attorney David Mayer returns to offer five steps designed to prevent or limit reputational and economic damage in evaluating, structuring, funding and operating vendor finance programs.... read more
May/June 2010
This issue of Dispatches From the Trenches discusses sole proprietorships (d/b/a), and explores some of the increased risks associated with lessees that fall into this category. These risks include the location, name and movement of the debtor as well as the transfer of collateral.... read more
March/April 2010
The recent case of Banc of America Leasing & Capital vs. 3Arch Trustee Services, Inc. decided on January 5, 2010, describes what judgment lien creditors might say is an unfair result shutting BALCAP out of the money on its recorded judgment lien. Here is another case where conflicting statutes make for bad law. ... read more
March/April 2010
Have you ever looked at a list of your approved deals and hoped that at least one of them would fund in the next couple weeks? It seems like some lessees play a game called: “String Out The Leasing Company.” They avoid calls from both you and the vendor and use every stall tactic imaginable. Here are some thoughts in moving those deals forward.... read more
March/April 2010
The story of Commonwealth Capital Corp. is one of a 32-year evolution. As an income fund offering lucrative investment opportunities to qualified investors on one hand, and a consistent source of funds to the industry on the other, the company’s story is an extraordinary one. ... read more
March/April 2010