About The Company
National Leasing Company, Inc. is a continuation of Dellen Financial Corporation, which was formed in October of 1998. Bud Callahan, the founder and vice president of Dellen Financial, is the majority stockholder and President of National Leasing Company.
Mr. Callahan was the original founder of Ambassador Financial Group, formed in 1978 and sold in 1992 to Fort Wayne National Bank. During his tenure with Ambassador the company grew from two employees to 70 employees with offices in four states and lease volume in excess of twenty five million annually.
Most recently, Bud Callahan was a stockholder in Chuck Callahan Ford in Indianapolis, IN and was the Vice President and General Manager until it’s sale in 1998 when Mr. Callahan Sr. retired at the age of 80.
Russ Dellen, the President and owner of Dellen Financial has agreed to allow Bud Callahan to continue the operation of the company with the understanding that the name be changed and offices are procured at a location other that the Dellen Dealerships. This transition is to be accomplished by 1-3-2000. Additionally, Russ Dellen and the Dellen Automotive Family will have no further involvement in the company.
Dellen Financial is a profitable and viable company but does not fit the “core” business of the Dellen Automotive Family. I have enclosed an internal financial statement so you can see the result of the first eleven months of marketing operation of Dellen Financial.
Dellen Automotive Family has five dealerships, which sell all GM lines, all Chrysler lines, and Lincoln and Mercury. Any vehicles leased or sold by Dellen Financial had to become the property of the dealership that sold that product. The dealership retained 95% of the profit and Dellen Financial received 5% of the profit. This arrangement has distorted the profitability of Dellen Financial and the “bottom line profit” is grossly understated. The line item on the financial statement referred to, as “captive car income” is that 5% gross profit number.
At the National Leasing Companies, we recognize that every client has different financial needs. We can assist you i making your financial dicisions based on such factors as your sensitivity to cash flow, yield, tax implications, risk-return and residual positioning.
Our customers have come to rely on the National Leasing Companies for our expertise, prompt and professional service, individually customized financing alternatives, competitve rates and flexibility.
Through the development and maintenance of long term relationships, National Equipment Leasing is dedicated to understaning the sort oand long term needs of the client. Our commitment is to bring quality, personalized service to each client.
By understanding the customer's goals, we can structure programs to meet specific needs. National Equipment Leasing has the ability to accommodate transactions from one thousand dollars to millions of dollars. In today's competitive marketplace, there are few opportunities to make a big difference and many opportunities to make a little difference. At Nationa, we strive to seize each difference making opportunity. We think this makes a BIG difference to you....our customer.
We are located:
7215 E. 21st. Street - Suite F
Indianapolis, IN 46219
Phone: (317) 352.9797 - Toll Free: (888) 613.9797 - Fax: (317) 352.9707
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