Equipment & Vehicle Leasing
During the last half of the 20th century and continuing into the 21st century, American businesses increased their use of leasing, recognizing that leasing allows them financial flexibility, technological efficiency and overall convenience. The majority of U.S. companies now lease on an ongoing basis, which translates into economic growth and productivity. Many companies add and/or upgrade their leases, allowing them to operate at top efficiency.
We have attained a national reputation over the past 25 years representing the equipment leasing and finance industry including finance and leasing companies, asset based lenders, banks and independent companies varying in size and specialty. Their services range from providing capital through a lease to management, operation and maintenance of the equipment. We have experience in drafting and negotiating loan and lease agreements, structuring transactions, buying and selling portfolios and advising clients with regard to their unique and individualized needs.
Representing some of the nation’s largest vehicle leasing companies, as well as the financial institutions funding them, our attorneys have delivered cutting edge business and legal advice in a highly regulated, and often litigious, business arena. Our understanding of the industry not only includes the relevant legal issues but also the business issues that affect our clients.
We have represented our lending clients with respect to complex commercial litigation involving dealer fraud, the foreclosing of defaulted portfolios and the sale and purchase of these portfolios. Relying upon the broad nature of our practice, we often come to be thought of as the general counsel to our vehicle leasing clients, representing them on matters such as real estate, tax planning and corporate transactions.
This practice area works closely with our Creditors’ Rights group to represent our equipment leasing clients in connection with their workouts, litigation and bankruptcy needs.