Print VersionHistory
Masterlease can trace its roots back to the 1960s, in the form of a company called Hangar Vehicle Rentals (HVR). As company vehicle financing grew in popularity in the early 1970s, HVR was approached to become the UK member of the Interleasing alliance. Two years later, HVR took on the name Interleasing. Over the next two decades, the company grew into one of the UK's leading contract hire and fleet management operators.
In 1984, the Cowie Group bought Hangar Investments and in doing so, gained ownership of Interleasing. Several name changes followed - Cowie Interleasing in 1987 and then ARRIVA Automotive Solutions (AAS) in 1997. When, in 1999, ARRIVA decided that vehicle leasing did not fit with its long-term business portfolio, AAS was sold to GMAC and the company reverted to the Interleasing name.
The most recent change came in May 2005, when Interleasing became Masterlease, bringing the UK operation into line with GMAC’s global vehicle leasing brand. Under GMAC, Masterlease has gone from strength to strength, with a series of acquisitions strengthening its position as one of the leading Fleet Management companies in the world.
