NationsRent Launches Retail Financing Program

May 3, 2004
NationsRent Inc. last week launched of its retail finance program to answer the growing need for customer access to quick and easy equipment financing. In partnership with Captive Capital Corp., NationsRent developed a solution that meets the needs of a ...

NationsRent Inc. last week launched of its retail finance program to answer the growing need for customer access to quick and easy equipment financing. In partnership with Captive Capital Corp., NationsRent developed a solution that meets the needs of a wide range of customers, from the small contractor up to the large regional construction company, by offering a variety of flexible funding options all available under one program.

NationsRent Customer Finance functions as an extension of the company's core business, enabling NationsRent to be a single-source provider for all of its customers' equipment rental, sales, service, and parts needs. To apply for financing through the program, customers complete and submit a credit application package through their sales representative. Customers can access more information about the program through a dedicated customer finance Web site, which is accessed through the "Customer Finance" link on www.nationsrent.com. Through this Web site, customers can create a unique login ID, print out required forms, or receive a brief overview of how the process works. NationsRent sales representatives can also use the site to check the status of transactions in process, or produce reports.

"Captive Capital is providing us with a comprehensive multi-lender retail financing program that utilizes the funding capabilities of Diversified Financial Services plus a host of other quality funding sources that meet the diverse financing needs of our customers," said John Scherer, NationsRent vice president and treasurer. Captive Capital President and CEO Jonathan Moran, supported the partnership, stating, "Captive Capital is very excited to add NationsRent to its expanding customer base, and we are especially happy to have such an industry leader in the equipment rental business."

Fort Lauderdale, Fla.-based NationsRent is No. 6 on the new RER 100.