Hertz Equipment Rental Teams With Donlen To Launch HERC Ready Finance
Creates "One-Stop-Shopping" for Equipment Purchase and Finance
PARK RIDGE, N.J. and NORTHBROOK, Ill., Feb. 28, 2013
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 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
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."
SOURCE The Hertz Corporation
Contact: Paula Rivera - Hertz, +1-201-307-2824, email@example.com, Suzanne
Deveney - Donlen, VP, Brand Management, +1-847-412-5238, firstname.lastname@example.org
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