November was a good month for commercial vehicle lease financing transactions. We refinanced 22 recently purchased heavy duty pick-up trucks for a Texas oil refinery services company. We also financed 18 new vehicles for a share ride company for $240,000 and 9 new vehicles for a drivers education school for $125,000.
A lot of businesses are upgrading their vehicles due to the new 2012 models that are out. Being a smaller firm allowed us to be creative and flexible in helping clients with their financing needs. There is substantial pent up demand and we expect 2012 to be our best year yet