Commercial Vehicle Leasing & Financing
Are you in the market for commercial vehicles? Through Enterprise Fleet Management, your business can not only lease vehicles to build your fleet, but secure financing that fits your company’s needs and goals.
What is Commercial Vehicle Leasing
Commercial Vehicle Leasing is when a company rents from a leasing company, like Enterprise Fleet Management, for a fixed time and at an agreed financed amount. It is a method to rent vehicles for a set period without ownership. Companies will make scheduled payments to the leasing company for the duration of the leasing term and return the vehicle once the lease term is complete.
Companies will not own the vehicle(s) outright at the end of their lease term, but there is an option for ownership if it was stipulated in their original agreement.
Benefits of Commercial Vehicle Leasing with Enterprise Fleet Management
Enterprise Fleet Management offers of a variety of perks that can be beneficial to your business, they include:
- Wide selection of makes and models
- Trucks
- Sedans & SUVs
- Shuttles, Cargo Vans
- Compact
- Alternative Energy Vehicles
- Luxury Vehicles
- Customizable lease terms and financing options
- Flexible and customizable loan and leasing options to best fit business needs; extension options through vehicle re-leasing
- Ease cash flow with lower upfront costs
- Purchase is not required
- Lessens administrative work
- Remarketing services to get best return on your fleet
- Improve fleet efficiency
- Ability to upgrade vehicles without having to purchase
- Reduce vehicle downtime, maintenance plan to complement your business
- Dedicated Fleet Team & Personalized Support
- We provide dedicated specialists to help guide you through every stage of your fleet’s lifecycle, from vehicle acquisition and financing, to maintenance, and remarketing
- Tax Benefits
- Commercial vehicle loans come with tax breaks like this Section 179 deduction
Commercial Vehicle Financing
Financing vehicles can look different for your business. You will need to select a leasing option that works with your goals and not against. These leasing options include:
Type of Lease |
PROS |
CONS |
Close-End Lease |
No commitment outside of lease term; set payments; ability to return the vehicle at the end of term |
Limited on mileage, could incur additional costs due to wear and tear outside of lease |
Open-End Lease |
No limitations on usage – ideal for high mileage and hauling; option to purchase vehicle at end of lease |
Vehicle can lose value based on usage |
Short-Term Lease |
Good option for a quick or short project – up to a year |
Could be costly due to demand and depreciation during usage |
|
Ideal for businesses with an extended need (years) |
Limitations on mileage; potential higher insurance costs; and costs due to wear and tear over time |
|
Flexible option for companies with frequent changes in demand |
Could be costly due to availability and depreciation during usage |
Enterprise Fleet Management
Enterprise Fleet Management offers a variety of additional services such as maintenance management and risk management that can be included in the monthly lease statement. This lowers administrative time and costs for you by consolidating payments for multiple vehicles and services into one monthly statement.
