Quality Leasing Co., Breaks Company Funding Records in 2020

FOR RELEASE JANUARY 13, 2021

--Posting 14% Growth in Funding Volume YoY, Quality Leasing Continues to Break 64-Years of Company Records--

CARMEL, Ind. – Quality Leasing Co., Inc. (QL), the mid-tier commercial equipment financing subsidiary of the Tom Wood Automotive Group, posted record-breaking business volume for 2020. Despite the trials of the global Coronavirus pandemic, the Quality team, again, achieved increases in new business volume, repeat customer funding, number of assets funded, average transaction size, and total contracts booked. Each of these KPI upsurges marks Quality’s overall highest annual funding volume in the company’s 64-year history.

G. Paul Fogle, CLFP, Quality Leasing’s Managing Director, observed, “The challenges of 2020—from adding and adapting staff, to managing changing market conditions, to the introduction of new technology and processes—bonded the team in new ways. While most of us were physically distant, we were able to work together to accomplish more than ever before.” In addition to the company’s remarkable growth, other 2020 accomplishments include: Quality team members featured as industry experts on more than 15 virtual panels, Quality thought-leaders published in more than 10 media outlets, Managing Director G. Paul Fogle elected to the NEFA Board, and the firm selected for the top 5 Monitor 101+ companies list.

Building on the successes of the past year, Quality continues to evolve into 2021. 2020 new-hire and COO, C.J. Zaruba, notes, “You can expect big changes from Quality starting in January with EFAs on titled vehicles, e-docs for all deals, new short-form contracts, wireless GPS, and website inventory listings. This kind of momentum cannot be stopped!” With Quality Leasing’s ability to serve customers across multiple economic sectors, the company’s leadership maintains a highly positive outlook for the year ahead.

About Quality Leasing Co.
Quality Leasing co., Inc. is a Midwest-based, family-owned independent finance company offering flexible terms, convenient structures, and personalized service. Quality focuses on funding B-C credit transactions from $30,000 up to $3,000,000. Specializing in titled vehicles, manufacturing, and heavy equipment, Quality also funds a wide array of commercial assets through their nationwide lease financing programs at a fair, affordable monthly payment. For more information, please visit www.qualityleasingco.com.

Contact:
G. Paul Fogle, CLFP
Managing Director
317.845.9205
pfogle@qualityleasingco.com