|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||Inflexible 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|
|Lessor Takes Care of Vehicle Disposal||Owner Must Arrange for Vehicle Disposal|
|More Control Over Vehicle Selection and Standardization||More 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.
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.
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.
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.
When brand-new vehicles aren’t necessary, you can lease used, low-mileage vehicles for your fleet and realize significant savings.
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.
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.
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:
If your company owns a fleet of cars and needs to free up capital, our fleet buyback program is a great option.
Choosing between leasing and buying your fleet will require you to answer several questions including:
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.
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.