Cal automotive and ares management enter joint venture to invest up to $1.5 billion in new vehicle leases

Yardville, n.j. & new york--(business wire)--certified automotive lease corp ("cal automotive"), a wholly-owned subsidiary of auto lender's liquidation center, inc. (“auto lenders”), and ares management alternative credit funds (“ares”) announced today that cal automotive and ares have entered a joint venture to purchase and invest up to $1.5 billion in prime new vehicle leases originated by cal. with over 40 years of experience in the consumer vehicle leasing market, auto lenders launched cal.
CAL Ratings Summary
CAL Quant Ranking