Depending on your specific situation, you may opt for an open-end fleet lease (also referred to as finance, capital lease, operating lease or TRAC lease). Many companies and governmental agencies choose this product for its numerous similarities to ownership and the flexibility to add, replace or terminate vehicles as business conditions dictate.
Additionally, there are many fluctuating factors to consider with an open-end lease agreement like resale values, seasonal influences, interest rates and mileage. At Merchants, we’re experts in helping you minimize these risks with expert counseling and maximum end of lease options.
OPEN-END FLEET LEASE PROVIDES YOU WITH:
- Flexibility of retaining the equity in your vehicle similar to a finance lease, but where desired, the off balance sheet treatment of an operating lease
- The long term structure to pay for your vehicles over time, freeing up valuable capital for business expenditures while enjoying the flexibility of ownership but the potential cash flow and tax advantages of leasing
OPEN-END FLEET LEASE OPTIONS WE OFFER:
- Fixed and Variable Interest Rates
- Operating Trac Lease
- $1 buyout
- Capital Lease
- Fully amortized or residual
And at the end of the term, we’ll help guide you to what options are best for you, whether that be convert to ownership, re-market, replace, or retain on lease.
To see if an open-end fleet lease is the right choice for your company, click here or call us today at 1-866-6LEASES.