TORONTO, Ont. — Ryder System has partnered with CIT Group to provide customers with financing on pre-owned vehicles.
The company has brought a preferred lender agreement that already existed in the US to the Canadian market as well.
The preferred lender agreement with CIT gives Canadian customers more competitive financing programs and alternatives, Ryder announced.
“We are pleased to extend the benefits of this partnership to Canadian businesses looking for the best rates and more financing options for quality pre-owned vehicles,” said Michael Cagney, director asset management with Ryder Canada. “Offering our customers the convenience of a true, one-stop resource is a key initiative for Ryder. With this agreement, our customers can take advantage of financing options that will help their businesses grow, while reducing financing costs.”
“We are excited to be developing and expanding our partnership with Ryder Canada,” added Blake Macaskill, managing director of CIT Canada. “One of the many benefits of the CIT acquisition of Direct Capital is the ability to offer our partners consistent financing programs in both Canada and the United States.”