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, short term or long term, 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 and Structure
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.
Electric Vehicle Fleet Leasing & Funding
We have the electric makes and models that you need, including battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and hybrid electric vehicles (HEVs). Our fleet experts will provide a custom electric vehicle (EV) adoption plan best suited to meet your needs, including ordering, leasing, electric vehicle supply equipment (EVSE) charging, and funding.
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
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.
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
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.
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
Our short-term fleet leases include flexible terms for as little as 3 months up to 1 year.
If you have a 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.
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
Gas-Powered or Electric Vehicles
You also have the option to convert your short-term lease into a long-term lease with our Rent-To-Lease program. Use a rental for immediate needs and convert that same vehicle to a long-term lease later, while keeping your driver on the road and avoiding the rental counter. This program is exclusive to Merchants and is ideal for expanding existing routes and taking on new ones.
How it works:
At the end of the rental term, the convertible rent-to-lease option can be exercised.
An equity credit and negotiated discount will be applied as a capitalized cost reduction.
A long-term lease term will commence using agreed upon terms and amortization period to calculate the monthly lease payment.
When brand-new vehicles aren’t necessary, you can lease used, low-mileage vehicles for your fleet and realize significant savings.
High-Quality Cars, Trucks, and Vans (gas-powered and EVs)
Vehicles still protected by original manufacturer’s warranty
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.
= EV Options
Polestar (Volvo, Geely)
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:
GuaranteeBUY: 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.
If your company owns a fleet of cars and needs to free up capital, our Own-to-Lease program is a great option.
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?
Do you have any electrification and sustainability goals?
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.
“Since partnering with Merchants Fleet last year, their professional team members have provided excellent service and offered innovative solutions to address our unique needs. Merchants has proven to be a top-tier fleet management company, exceeding our expectations on all levels.”
Support Services Manager, Royal Cup Coffee
“My experience has been one of overwhelming delight. Merchants facilitates the expansion of Novus Ag business possibilities with their experienced professional staff by engaging in supporting activities. Allowing Novus Ag to lease short term vehicles while factory ordering enables us to save tens of thousands while immediately placing the employee in a high-quality truck. From permitting Novus to lease agricultural, material handling assets, to fuel and maintenance programs, we consider them a valuable partner.”
Corporate Services - Fleet, Novus Ag, LLC
“Floor Coverings International is proud to partner with Merchants Fleet. Their responsiveness and consultative approach has been beneficial to us and our franchise partners.”
Director of Merchandising, Floor Coverings International
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.