SOURCE The Hertz Corporation
Creates "One-Stop-Shopping" for Equipment Purchase and Finance
PARK RIDGE, N.J. and NORTHBROOK, Ill., Feb. 28, 2013 /PRNewswire/ -- The Hertz Corporation (NYSE:HTZ) and Donlen, the fleet industry's most comprehensive and integrated provider of financing and asset management solutions, today announced the launch of HERC Ready Finance™, a groundbreaking equipment acquisition program, in collaboration with Hertz Equipment Rental Corporation (HERC).
HERC Ready Finance combines the financial expertise of Donlen with the breadth of available resources from Hertz Equipment, to provide the broadest range of products and funding options available in the fleet industry. Hertz Equipment's commercial customers now have access to "one-stop-shopping" for financing and assets across a full spectrum of equipment and trucks.
"HERC Ready Finance shows what two industry leaders can achieve by working together. Hertz Equipment has one of the strongest fleet mixes in the equipment rental industry; by also offering financial options through Donlen, we further illustrate our position as the leading market solutions provider," comment HERC President, Lois Boyd.
"Today's hard-pressed credit markets often make it difficult to access capital, especially for small to mid-size companies," said Mike Lewis, Donlen SVP and General Manager, Equipment Leasing. "Customers are looking for options, and HERC Ready Finance gives them a seamless financial solution for the purchase of HERC equipment. By employing our respective resources, Donlen and HERC together are providing a way to help companies succeed and grow."
This is the second product launched by Hertz and Donlen that leverages the strength of their relationship. Previously, Hertz Value Lease™ was introduced to the market, providing the fleet industry's first true leasing alternative product. By virtualizing the Hertz rental inventory and making it available to their customers for lease, commercial fleets can finance quality, pre-driven vehicles for a shorter time at a lower cost.
To obtain a quote or to learn more about HERC Ready Finance, visit www.donlen.com/herc-ready-finance. Offer currently not available in North Dakota, Rhode Island, and California.
For more information about Hertz Equipment, visit the company online at www.hertzequip.com.
About Hertz Equipment Rental Corporation
Hertz Equipment Rental Corporation – a wholly owned subsidiary of The Hertz Corporation since 1965 – operates one of the world's largest equipment rental businesses, offering a diverse line of equipment and tools for rent and sale. Products include aerial manlifts, air compressors and tools, earthmoving equipment and power generators, forklifts and material handling equipment, pumps, and trucks and trailers. Hertz Equipment also offers custom programs and equipment through its specialty service groups; Industrial Plant Services, Pump and Power Services, Aerial Services and Government Services. With approximately 325 locations in the United States, Canada, China and Europe, Hertz Equipment Rental offers daily, weekly, monthly and long-term rentals, tools and supplies, as well as new and used equipment for sale.
About Donlen Corporation
A wholly owned subsidiary of The Hertz Corporation (NYSE:HTZ), Donlen (www.donlen.com), with headquarters in Northbrook, IL, is the fleet industry's most comprehensive and integrated provider of financing and asset management solutions. Since 1965, Donlen has offered its clients highly personalized and responsive customer service, and their workplace excellence has been recognized as one of Crain's Chicago Business "List of 20 Best Places to Work in Chicago" each year from 2009-2011, a Leader on "The Global Outsourcing 100®" list by the International Association of Outsourcing Professionals (IAOP) for seven of the last eight years, and a National Association for Business Resources "101 Best and Brightest Places to Work For in Chicago" each year from 2007-2012. Donlen's innovation has been awarded with the Computerworld "2012 Honors Laureate for Economic Opportunity," the "2012 InformationWeek 500" list for innovative technology; the Stevie® "2012 Gold Award for Business Intelligence Solution," the Silver Award for "2012 Front Line Customer Service Team of the Year," and the "2011 Corporate Environmental Responsibility Program of the Year."
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