A 2017 Reuters report estimated that 12 million North American automotive leases with 36-month terms are set to expire by the end of 2019, the result of increased leasing during a strong run of new-auto sales between 2014 and 2016.
Coping with the expected rush of end-of-term lease agreements will require the proper infrastructure, processes and manpower to accommodate the influx of vehicle maturities. Compounding that operational challenge are borrower and compliance risks lenders may face if they don't have a solid strategy to bridge the lease maturity management gap.
One solution is for financing providers to outsource lease maturity management to overcome those end-of-term challenges.
For more information on Lease Maturity Management and other Fiserv solutions, call us at 800-872-7882 or contact us.
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