Vehicle Fleet Leasing & Funding for Companies of Any Size

Fleet Leasing & Funding

Flexible options on your terms

Your company is not standard, so why would your vehicle fleet leasing program be? Whether it is through an operating lease or a capital lease, closed-end or open-end, our team of fleet experts is focused on helping companies of every size find the leasing options that maximize their bottom line and propel their business forward.

We work with you to:
  • Customize Your Financing Terms
  • Find the Right Vehicles for Your Drivers
  • Combine Your Fleet Management Services into One Simple Package

Whatever your financial objectives, you can count on our personalized approach to determine exactly what you need for vehicle fleet leasing and funding.

Vehicle Fleet Leasing vs. Owning

LeasingOwning
Only Pay for the Portion of the Vehicle You UsePay for the Entire Cost of the Vehicle by Financing or in Cash
Lower Vehicle Acquisition CostsRequires Significant Capital to Acquire Vehicles
Monthly Payment is Matched to Vehicle’s Market DepreciationMonthly Payment is Not Typically Tied to Market Depreciation
Flexible Leasing TermsInflexible 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 CostsEstablish Equity
More Cash Flow FlexibilityMore 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 ModelsVehicles Are Cycled Less Often Because of High Investment Costs
Lessor Takes Care of Vehicle DisposalOwner Must Arrange for Vehicle Disposal
More Control Over Vehicle Selection and StandardizationMore Vehicle Variety, Resulting in Less Streamlined Operations

Don’t forget: Under the Section 179 tax deduction, the IRS allows businesses to deduct up to 100% of lease payments in the first year.

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.

Open-End Lease

An open-end fleet lease gives you complete leasing structure flexibility. This option is ideal if you want a plan that is as close to vehicle ownership as possible, but with all the benefits of leasing.

You retain the equity in your vehicle, with a long-term structure to pay for your fleet. We have multiple options to help you customize your open-end lease to fit your fleet program.

Key Benefits:

  • Flexibility of Ownership with the Tax Advantages of Leasing
  • Fixed and Variable Interest Rate Options
  • Terminal Rental Adjustment Clause (TRAC) Option to Purchase Fleet at End of Term at a Pre-Determined, Agreed-Upon Amount
  • $1 Buyout Option
  • Fully Amortized or Residual Options
  • Gains or Losses at Sale are Applied to Lessee’s Account

 

Closed-End Lease

A closed-end fleet lease gives you a one-stop, fleet budgeting solution. When you sign a closed-end lease with Merchants Fleet, you control your costs and minimize risks. You never have to worry about market price volatility, rate fluctuations, or seasonal resale influences.
At the end of your closed-end lease, you will only be responsible for excess mileage and damages.

Key Benefits:

  • Costs are Known Up Front
  • Predictable Expenses and Cash Flow
  • Risks of Vehicle Ownership Remains with Merchants Fleet
  • Fixed, Agreed-Upon Terms That We Create in Consultation with You
  • Full, Early, and Extended Term Options
  • No Obligation to Purchase at Lease End
  • Provisions to Allow for Adjustments if Actual Usage Differs from Contract Terms

Short-Term Leases

Our short-term fleet leases include flexible terms for as little as 3 months up to 1 year.

If you are a camp, college, resort, or another type of seasonal business, a short-term fleet leasing program is a cost-effective, no-strings-attached solution. Our lease programs include skipped payment options, so you won’t be billed during your off season.

Key Benefits:

  • Flexible Terms for as Little as 3 Months up to 1 Year
  • No Minimum Quantity Requirement
  • Custom Mileage Options
  • Supplemental Options Available for Long-Term Fleet Leasing Clients
  • Option to Convert to a Long-Term Lease
  • Multiple Vehicle Types Available, Including:
  • 7, 8, 10, 12, and 15 Passenger Vans
  • Work Trucks
  • Commercial Vans
  • Shuttle Buses
  • Activity Buses

Value Lease

When brand-new vehicles aren’t necessary, you can lease used, low-mileage vehicles for your fleet and realize significant savings.

Key Benefits:

Fleet Vehicle Selection

We are able to source exactly the type of fleet vehicle you need, customized to fit your specifications. Access virtually any make or model, from alternative-fuel vehicles to sedans, trucks, vans, and buses.

Manufacturers:

  • Audi
  • Buick
  • BMW
  • Cadillac
  • Chevrolet
  • Chrysler
  • Dodge
  • Ford
  • GMC
  • Hyundai
  • Jeep
  • Lincoln
  • Mercedes-Benz
  • Nissan
  • RAM
  • Subaru
  • Toyota
  • Volkswagen
  • …and more

Fleet Re-Leasing

Are you happy with your contract? Our fleet re-leasing option lets you extend your current terms in six-month increments for up to two years.

You can keep the vehicles you like, often at significant savings, and continue receiving top-notch service and support from our expert team.

Fleet Remarketing Services

Our fleet remarketing programs are designed to maximize your return, whether it is for one vehicle or an entire fleet. We offer two different remarketing options:

  • GuaranteeTRAC®: We offer you a guaranteed price for your vehicles.
  • OpenTRAC®: Acting on your behalf, we develop a strategy to resell your vehicles through our sales channels.

View Remarketing Programs

Own-to-Lease Program

If your company owns a fleet of cars and needs to free up capital, our Own-to-Lease program is a great option.

Key Benefits:

  • Sell Your Vehicles to Merchants Fleet
  • Lease Back Fleet Vehicles Immediately Through an Operating Lease
  • Improve Cash Flow While Keeping Your Fleet on the Road

Consult with Our Experts

Choosing between leasing and buying your fleet will require you to answer several questions including:

  • Do you have enough capital up front to buy?
  • How are your vehicles being used?
  • Can you handle unexpected maintenance costs?
  • Do you want the newest, latest vehicles?
  • How do you want to manage your finances?

Our fleet experts can help you answer these questions. After reviewing your company’s history of financing, safety, liability, maintenance, and other factors, we will clearly define which fleet solution is right for you.

Consult with an Expert

Frequently Asked Questions

How long are your leases?

Merchants Fleet offers leases as short as a few months, up to traditional leases. Our team can help you determine what the optimal lease length is for your situation.

What happens at the end of my lease?

Merchants Fleet offers two different remarketing options: GuaranteeTRAC®, which gives you a guaranteed price up front, or OpenTRAC®, where Merchants Fleet remarkets your vehicles on your behalf. Depending on your lease, you may also be able to use our fleet buyback program or extend your terms.

What types of leases do you offer?

Merchants Fleet believes in a tailored approach and understands leases are not a one-size-fits-all product. We will work with you to determine exactly what you need for lease funding. Some of our options include open-end, close-end, short-term leasing, re-leasing, and value leasing. We also offer fleet buyback and vehicle acquisition programs. Learn more here.

How quickly can I get my fleet vehicles?

Merchants Fleet works with manufacturers and dealers nationwide. Your sales executive will work with you to determine your needs and get your vehicles as soon as possible. However, timeframes may vary according to the type of vehicle you need, your specifications, and manufacturer timelines.

Total Fleet Coverage

Our national footprint allows us to service clients all over the United States. No matter the size of your fleet, we’re ready to help you find a management solution that works for your business. From flexible leasing and comprehensive maintenance to innovative telematics and cost-saving fuel management, we’ll create a tailored plan to meet your needs.

Questions about vehicle fleet leases?

We are happy to help! Contact us to speak with one of our fleet experts.