Porsche Mobility to finance 1,000 vehicles by yearend

Porsche Mobility, a division of the Porsche Financial Group specialising in operational leasing and fleet management, has set itself as a target to finance 1,000 vehicles by the end of the year. The company was set up in 2006, when regulations on credit institutions required a split between financial and operational leasing. Porsche Mobility has recently relaunched operational leasing in accordance with the new regulations. Operational leasing is only available to companies and when the contract ends, the vehicle remains under the ownership of the lessor, a service similar to renting. In exchange for a monthly instalment, the client can use the respective goods. In this case, the instalment includes most of the expenditures connected with vehicle usage, including tax and the CASCO (comprehensive insurance). The client, however, has to pay the RCA (auto liability insurance).