acquisition
Funding & Financing
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Vehicle Fleet Leasing vs. Owning
When leasing a fleet, you can also opt in to our fuel management and maintenance services. These will allow you to control fuel costs by providing drivers with fuel cards and ensure that routine maintenance is completed for preventive care.
By leasing, since you are able to spend less each month, your capital can be utilized elsewhere to grow your business. Depending on the type of lease you select, you will earn different financial benefits for your company. With the operating lease, you can obtain tax benefits by deducting 100% of your lease payments from your income statement. Or, you can claim depreciation and deduct the interest expense from your lease payments under a capital lease
Leasing | Owning |
---|---|
Only Pay for the Portion of the Vehicle You Use | Pay for the Entire Cost of the Vehicle by Financing or in Cash |
Lower Vehicle Acquisition Costs | Requires Significant Capital to Acquire Vehicles |
Monthly Payment is Matched to Vehicle’s Market Depreciation | Monthly Payment is Not Typically Tied to Market Depreciation |
Flexible Leasing Terms | Less Flexible Purchasing Terms |
Short-Term Leasing Allows Temporary Scaling to Meet Peak/Seasonal Demands | Under-Utilized Vehicles Are Retained for Longer Periods and Can Be Difficult to Dispose |
Save on Fuel and Maintenance Costs | Establish Equity |
More Cash Flow Flexibility | More Budgeting and Forecasting Costs |
More Control Over Vehicle Cycling for Lower Non-Preventive Maintenance Expenses | Longer Lifecycles, Which Can Increase Non-Preventive Maintenance Costs |
Cost-Effective, Simple Way to Upgrade to Newer Models | Vehicles Are Cycled Less Often Because of High Investment Costs |
Lower Monthly Payments | Higher Monthly Payments |
Lessor Takes Care of Vehicle Disposal | Owner Must Arrange for Vehicle Disposal |
Experience what expert knowledge can do for your fleet.
Frequently Asked Questions
What states is ClearCharge Home available?
Our approved installer network is available throughout the United States.
Can Merchants Fleet manage my EVSE installation if I provide my own charging hardware?
To ensure compatibility and warranty with the OEM, ClearCharge Work projects can only be supported when sourcing hardware through Merchants Fleet.
If I don’t manage a fleet can I still take advantage of ClearCharge Work at my workplace or business location?
With the goal of helping fleets go electric across the country, at this time we are only offering charger infrastructure services to organizations that have adopted or are looking to adopt EVs.
What payment methods can you use through ClearCharge Public?
All major credit cards are accepted. Apple Pay, Google Pay, PayPal, and Wex are not supported at this time.
When will ClearCharge DropStation be available?
Reservations are open now for ClearCharge DropStation with deliveries starting in Q3 2023.
Consulting Callout
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Experience what expert knowledge can do for
your fleet.
Speak with a Merchants Fleet expert about our total fleet solutions for your organization or industry.