Executive Briefings

Ryder Canada Extends Preferred Lender Pact With CIT Group

Ryder System Inc. has extended its U.S. preferred lender agreement with CIT Group Inc., a provider of commercial lending and leasing services, to include Ryder customers in Canada.

Four the past four years, CIT, through its Direct Capital Corp. subsidiary, has been a preferred lender for Ryder Pre-Owned Vehicle Sales Centers across the U.S. The addition of Canada provides Ryder customers with more options for lending partners, the company said, adding that the partnership increases the variety of "highly competitive" financing programs and additional alternatives for Ryder customers across Canada. Customers in the country can choose from Ryder's selection of pre-owned cab and chassis trucks, including diesel-powered straight truck models with a full range of payload capacities.

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Four the past four years, CIT, through its Direct Capital Corp. subsidiary, has been a preferred lender for Ryder Pre-Owned Vehicle Sales Centers across the U.S. The addition of Canada provides Ryder customers with more options for lending partners, the company said, adding that the partnership increases the variety of "highly competitive" financing programs and additional alternatives for Ryder customers across Canada. Customers in the country can choose from Ryder's selection of pre-owned cab and chassis trucks, including diesel-powered straight truck models with a full range of payload capacities.

Read Full Article