- Details
- Category: Industry News
Lake Success, N.Y.--Lease Here Pay Here (LHPH), a service provider for those with difficult credit situations, announced new partnership with Advantage Funding, a ground transportation finance and leasing company, to provide financing for select dealers within the network. With this partnership, dealers will now be able to fund subprime leases as well as loans through recourse lines of credit, significantly dropping the risk for the dealer.
“We are excited about joining forces with LHPH and serving many profitable dealers for the long term,” says Edward P. Kaye, president of Advantage Funding. “This is a market that has been underserved since the great recession, and Advantage Funding has devoted substantial resources to deploy.”
Visit advantagefund.com or lhph.com for more information.
- Details
- Category: Industry News
Austin, Texas--It was down to the nuts and bolts for the ever-busy Central Texas Limousine Association (CTLA) when they met at Embassy Suites Hotel on August 27 in Austin.
In preparation for upcoming events at Circuit of the Americas (COTA), a motor racing circuit near Austin, Texas, COTA Director of Transportation Steve Elliot stopped by to discuss updates with COTA’s parking and pickup policies. As COTA events have always been a major source of business for Central Texas operators, the CTLA has made sure to keep a relationship with Elliot as different events arise at COTA and plan to have him back for future meetings.
Perla Compton, ground transportation manager at Austin-Bergstrom International Airport (ABIA), also stopped by to discuss changing procedures at the airport amid new lot construction and increased efforts to weed out illegitimate drivers.
After the two guest speakers, CTLA members participated in a raffle for a free show pass to November’s Chauffeur Driven Show won by Ali Valentine of Carey of Austin.
Paul Arcediano, owner of R&R Limousine and Bus and head of the CTLA’s Legislative Committee, responded to a survey passed out among CTLA members asking which public issues they’d most like to pursue. Among them, better working hours and making more user friendly for chauffeurs and owner/operators were at the forefront of concern. CTLA President Ed Herndon of Esquire Limousine is confident that these worries can be taken care of.
“It’s working because of the association,” says Herndon of the growing persuasiveness of the CTLA. “Because the group as a whole, the numbers tell them, ‘look, this is what we need as operators and we represent this many companies with this many cars and this many people.’” Herndon believes that the CTLA and the city of Austin are now developing a helpful and mutually beneficial relationship.
After Arcediano’s discussion, Billy Carter—head of the CTLA’s airport committee and general manager of ExecuCar, Veolia Transportation, and SuperShuttle—gave some of his own updates on ABIA and some expanded notes on what Compton had discussed previously.
CTLA’s next meeting will be held October 29. Visit ctla.org for more information.
- Details
- Category: Industry News
New York, N.Y.--David Eckstein, President and Founding Partner of Valera Global in New York City, officially announced on July 4 that this summer’s Wounded Warrior Project Cross Country Motorcycle Benefit Tour will kick off on July 19 and end between August 12 and 18. Eckstein plans to ride across 48 U.S. states and two Canadian provinces via motorcycle to raise awareness and generate donations for the Wounded Warrior Project.
The Wounded Warrior Project is a non-profit organization whose stated aim is to serve “veterans and service members who incurred a physical or mental injury, illness, or wound, co-incident to their military service on or after September 11, 2001, and their families.” Eckstein intends for his trip to honor and support the Wounded Warrior Project’s efforts and welcomes anybody to join or contribute to the cause. Anyone interested in following Eckstein’s journey or accompanying him on his ride will be able to find and track him in real time via Google Maps from his website, limoure.com.
“It is all about bringing attention to the cause,” says Eckstein, “so that we can all reach deeply into our pockets and donate as much as we can to aid this extremely worthwhile organization.”
Visit www.limoure.com for more information.