In The News
Digital technology impacts used car industry
Canadian Auto Dealer
In part 1 of this 2-part series, columnist Alan Bird interviews a remarketing industry insider to find out how digital technology is changing the auction and used car business.
Click here to read more.
IARA names Eric Janca as new Canada Committee co-chair.
Auto Remarketing Canada
Thursday, Mar. 29, 2018
TORONTO – The International Automotive Remarketers Alliance announced this week a new Canada Committee co-chair. Chosen for the IARA Canada position is Eric Janca, lease maturity and remarketing manager at SCI Lease Corp.
Janca was also a speaker at the Auto Remarketing Canada Conference earlier this week in Toronto, and offered analysis on insights and intel impacting the remarketing and pre-owned industry today. Click here to read more.
A changed landscape in Canadian auto finance.
Automotive News Canada
July 19, 2017
The 2008 financial crisis sharply reshaped Canadian auto finance. Automaker captive finance companies that once dominated the auto loan and lease market lost nearly half their share within four years. Captives have since regained some share, but their hold is still significantly lower than it was in 2008. Click here to read more on how leasing is making a comeback.
Maserati Canada strikes financing deals with RBC and SCI Lease Corp.
Automotive News Canada
November 3, 2016
Maserati Canada has entered into financing partnerships with Royal Bank of Canada and SCI Lease Corp.
RBC will be the exclusive provider of subvented financing for Maserati dealerships in Canada for new and certified pre-owned vehicles. Subvented loans are low-rate consumer auto loans subsidized by the manufacturer. Maserati is a division of Fiat Chrysler Automobiles.
Fiat Chrysler is returning to the leasing market in Canada by launching a program piloted by FCA’s seven dealerships in Windsor and Essex County.
Grace Macaluso, Windsor Star
November 12, 2015
The pilot program — a joint effort between FCA Canada and Markham, Ont.-based, SCI Lease Corp — marks the automaker’s first lease program since the 2008-09 financial crisis. Read More
FCA Canada to re-enter leasing market
Sarah Rubenoff, Auto Remarketing Canada Editor
November 16, 2015
TORONTO – FCA Canada Inc. is returning to the leasing business through a partnership with Ontario-based SCI Lease Corp.
Fiat Chrysler back in leasing game
Joe Duarte, Autofile.ca
November 17 2015
FCA Canada has partnered up with Markham, Ontario-based SCI Lease Corp to offer lease options to allow purchasers of all FCA vehicles to drive a new vehicle every two to five years, depending on contracts. Read More
FCA Canada introduces new leasing program
Zara McAlister, canadianautodealer.ca
November 18 2015
FCA Canada has re-entered the leasing market with a new lease program launched at seven of its dealerships near Windsor, Ont.
The pilot program is a joint effort by FCA Canada and Markham, Ont.-based SCI Lease Corp, an independent, Canadian-based national automotive leasing company.