Vehicle leasing in the subprime space is getting a boost by two service providers now collaborating.

DIMONT, a provider of insurance claims recovery and collateral loss mitigation services, finalized a partnership this week with Pennsylvania-based Auto Trakk, a leading automotive leasing company specializing in leasing vehicles to individuals with moderate to severe credit issues.

Auto Trakk currently supports a network of authorized dealers in Delaware, Florida, Indiana, Kentucky, Maryland, Michigan, New York, North Carolina, Ohio, Pennsylvania, South Carolina and Virginia.

DIMONT will apply its expertise in claims adjustment to assist Auto Trakk in recovering significant proceeds on damaged repossessed vehicles.

“Auto Trakk is pleased to partner with DIMONT, a leading provider of technology-enabled collateral loss mitigation solutions for automotive lenders and lessors,” said Auto Trakk chief executive officer Merril Davis. “DIMONT’s flexible, professional team of licensed public adjusters will assist Auto Trakk in realizing cost savings quickly and efficiently.”

DIMONT president and chief executive officer Denis Brosnan said, “We look forward to working with Auto Trakk to maximize recoveries and reduce costs. Auto Trakk is a welcome addition to DIMONT’s growing list of auto clientele.”