UK vehicle leasing and management company Inchcape Fleet
Solutions (IFS) has added Toyota Financial Services (TFS) to its
funding panel, the company has announced.
 
The independent leasing company – which has a fleet in excess of
53,000 cars and vans – funds its contract hire fleet through a
panel of different lenders.

It said that the addition of TFS was a “natural extension” of
the long-standing relationship the two companies have had for over
40 years, through IFS’s parent, international motor retailer
Inchcape plc.
 
IFS’s MD Terry Bartlett said: “With TFS joining our funding panel,
IFS is now better placed than ever to take advantage of the
increasing number of opportunities that are coming our way in the
current economic climate.”

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Doug Gillies, operations director for the UK
arm of the Toyota captive, added: “TFS is always looking for
innovative ways in which we can support our business partners
moving forwards.

“Joining the IFS funding panel is a natural
extension of our ongoing global relationship with Inchcape plc, and
further strengthens our relationship in the UK which covers retail,
fleet and wholesale funding facilities and the provision of
services therein.”

Antonio Fabrizio

GlobalData Strategic Intelligence

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