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Podcast: Voices of Oklahoma
Episode: Bill Lobeck
Description: William E. Lobeck Jr. began his career in the 1960s at Norfolk Pontiac and Chevrolet dealerships, Norfolk, Virginia, cultivating daily rental car companies as his largest customers.He created the very first dealer repurchase program and established a special purpose leasing company out of a need to serve his customers. Eventually, manufacturers took notice of these programs and today repurchase programs and special purpose leasing agreements are a significant component of the automotive and daily car rental industries.Lobeck was ultimately persuaded to join one of his daily rental customers, Dallas-based American International, becoming president and...