Open End Leasing

Our goal is to provide creative solutions for your specific fleet needs by tailoring programs to allow maximum flexibility necessary to meet the driving needs of your fleet.

Our Open End Leasing options provide you with the flexibility you need. This financing option allows you to set specific parameters and time frames to fit your company’s needs.

With an Open End Lease, the lessee assumes the risk of depreciation. The lease rate includes monthly depreciation and interest and can be calculated to include purchase and disposal fees. The lease term is Open End, with termination at your discretion.

At lease end you can keep the vehicle, sell it to an employee or sell it using our remarketing services.

Who should consider Open End Leasing?

• Companies that need a flexible vehicle replacement policy.
• Companies that like to have an equity interest in vehicles and can use leasing as an alternate source of funds.

Options to Consider

Open End Fixed Rate

• Payments remain fixed through the term of the lease with this option allowing you to better budget expenses.
• Interest rates are based on the average 30-day LIBOR Index and are established at the onset of the lease.
• Interest rate remains fixed throughout the term.

Open End Floating Rate

• Beneficial at times when interest rates are high, but expected to decline over the length of the lease term.
• Floating rate is based on the average 30-day LIBOR Index and the interest portion of your payment will be adjusted on a monthly basis as the index changes.