Affiliated Companies of Novak Motors
Fusion Auto Finance, LLC
Fusion Auto Finance, LLC ("Fusion"), is a full-service automotive leasing and finance company based in Bedford, Texas. Fusion Auto Finance is a full-service automotive leasing and finance company which develops turn-key lease programs with financial partners such as credit unions to offer to their customers.
Fusion Auto Finance has successfully partnered since 2006 with GrooveCar, Inc.; a Hauppauge based automotive buying, consulting, and technology company headed by its founder and president David Jacobson. As partnering companies, Fusion Auto Finance and GrooveCar provide Long Island credit unions an opportunity to offer a competitive auto lease program, the CU Xpress Lease, to their members. The CU Xpress Lease is the nation's #1 credit union auto leasing program.
Fusion Auto Finance, unlike most independent finance companies, has been built from the back forward. Core competencies in residual value analysis and lease-end account management help mitigate the two most challenging risks associated with automotive leasing. Remarketing is the foundation for the company and handling the customer interaction as well as the vehicle at lease maturity. The four key principals of Fusion Auto Finance each have more than twenty years experience in the finance and lease business.
Fusion Auto Finance focuses its business model on providing competitive programs that are financially sound for the company, the credit union partner, and the credit union member. Members enjoy the benefits of lower monthly payments, GAP insurance, flexible terms, and a fair wear and tear policy. Credit unions can devote their efforts to credit risk and servicing members while Fusion Auto Finance manages all residual value risk.
EndTrust Lease End Services
EndTrust Lease End Services, LLC, is a remarketing services company based in Bedford, Texas. EndTrust, started in 1998 by Jim Calvert, provides portfolio management services to banks, leasing companies, fleet rental companies, and other financial institutions. The company manages the lease maturity and vehicle disposition processes for third party company portfolios as well as acquiring and servicing its own portfolios.
EndTrust has enjoyed consistent success, since 1998, providing a post-mortem perspective on the buying, collecting, and ultimate liquidation of more than 150,000 leased vehicles – this high level of success has been possible through the utilization of dedicated people, proven processes, and the very latest in analytic technologies. For additional information about EndTrust Lease End Services, visit www.endtrust.com.
Leasing Strategies, LLC, is an automotive industry analysis firm. Leasing Strategies, started in 2003 by Andy Tkac, provides objective, fact based analysis and modeling of current and future vehicle market values, helping to position domestic, European, and Asian brand automotive clients to design and implement leasing strategies which compliment sales and profitability objectives.
Customized analysis and tools are tailored to the needs of the client and consider competitive positioning, product mix, and return on investment requirements. Additionally, Leasing Strategies provides services that assist in monitoring the financial risk inherent in managing automotive portfolios in an environment of volatile resale values. For additional information, visit www.leasingstrategies.com.