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Fleet Funding
The decision to lease or buy vehicles is never an easy one, and it should always be based upon the unique requirements of your company. Understanding all the information associated with fleet funding can help bring clarity to the lease-versus-own decision.
Fleet leasing advantages
- Freeing up of other credit lines
- Maximizing free cash flow
- Minimize up-front sales tax costs
- Improve financial ratios
- Acquire assets at a lower cost of funds
Our fleet experts work with you to customize a fleet management and leasing program for you that achieves your corporate goals.
Benefit from the following leasing choices for your cars and trucks:
Open-End Lease: One of the most efficient and economical methods of vehicle financing. It combines the flexibility of ownership with the cash flow and tax benefits of leasing. Open-End Lease benefits include:
- No over-mileage penalties
- No wear-and-tear fines
- Fixed or floating-rate financing available.
Fixed-term TRAC Lease: TRAC (Terminal Rental Adjustment Clause) lease for over-the-road cars, trucks, and trailers. This is the most common type of lease for business owners who want all the flexibility of ownership and all of the benefits of leasing:
- No over-mileage penalties
- No wear-and-tear fines
- Fixed-rate financing for the entire lease term.
Fixed FMV (Closed-End) Lease: Used for Non-titled equipment in addition to over-the-road cars, trucks, and trailers. This is the most common type of lease for business owners who want to eliminate residual risk while maintaining all of the benefits of leasing:
- Fixed-rate financing for the entire lease term
- Applicable to a wide range of assets
- Lessor assumes the residual risk
Learn more about the benefits of leasing
Choosing whether to lease or own vehicles or reimburse employees is a challenging decision for fleet managers. Though reimbursement or ownership may seem easier than leasing vehicles through a fleet management company, through our research and experience we have discovered several reasons why leasing is a better option.
Download our “Lease vs. Reimbursement” and “Lease vs. Ownership” white papers today to learn more!
Let Donlen’s experienced team help you find the right leasing solution for your car or truck fleets. Donlen’s customized leasing programs are designed to give you all the flexibility you enjoy in owning your vehicles while allowing you to leverage the financial advantages of leasing. Our knowledgeable professionals can provide you with an in-depth analysis of your needs to help determine which fleet funding option is the most beneficial and cost-effective for your fleet.