Repossession of vehicles from non-performing leasing contracts
Intelligent service combination: localization, recovery and repatriation
The new collaboration between EXCON and the two leasing companies German SmartLease and MMV Leasing cleverly combines EXCON's vehicle localization, repossession and repatriation services. Read more about the current collaboration in the news article.
Recently launched and already very successful - the cooperation with German SmartLease and MMV Leasing. The focus of the cooperation with the two leasing companies is the efficient localization and repossession of vehicles from non-performing financing. In other words, vehicles for which the lessee no longer meets his contractual payment obligations and illegally retains the vehicle.
Smart service combination from a single source
By using the vehicle tracking software ex:tracked, EXCON is able to locate the affected vehicles quickly and precisely using connected vehicle data. After successful localization, the vehicles are secured and returned to the customer, usually within one working day. In doing so, EXCON relies on its proven Europe-wide network of experienced repossessors, which ensures fast and smooth processing.
Through this partnership, German SmartLease and MMV Leasing benefit from higher recovery efficiency and a significant minimization of financial losses. The close coordination of all parties involved ensures that assets at risk of default are recovered as quickly as possible and returned to the lessors.
EXCON's particular strength lies in the combination of several services from a single source: vehicle localization, repossession and return are coordinated and efficiently implemented throughout Europe. This integrated solution guarantees a fast and reliable recovery of the assets, reduces the risks for the lessors and ensures a seamless handling of the entire process chain.
The new leasing partnership not only creates a comprehensive process optimization for the participating companies, but also demonstrates how modern technologies and a strong network help to efficiently secure assets and minimize financial risks.
About the companies
German SmartLease
German SmartLease is a medium-sized leasing company based in Hamburg that specializes in flexible financing solutions. The company offers leasing and hire-purchase models for various industries, including e-bikes, catering and event technology, as well as machinery and vehicles.
MMV Leasing
MMV Leasing is based in Koblenz and belongs to the MMV Group. It has been an established financing partner for medium-sized companies for several decades. The company offers leasing, hire-purchase and financing solutions for a wide range of investment projects and has several locations throughout Germany.
