Open-End Leasing
Mike Albert’s open-end leasing option suits clients who keep their vehicles longer, prefer a greater level of flexibility, or upfit their vehicles to meet the specific needs of their business.
Mike Albert’s open-end lease program allows clients to:
- Eliminate a large cash outlay for vehicle purchase, yet receive similar benefits to ownership
- Enjoy flexibility if fleet needs change unexpectedly
Open-End Leasing is all about flexibility and Mike Albert offers options to fit your finance preference
Open-End Fixed Rate
- Payments are fixed at time of delivery. They then remain locked through the term of the lease, allowing you to budget expenses
- Interest rates are indexed to the Business Day Rate of various financial indices and are established at the onset of the lease
- Interest rate remains fixed throughout the term
Open-End Floating Rate
- Beneficial when interest rates are high, but anticipated to decline over the length of the lease term
- Floating rate is indexed to the Business Day Rate of a specific financial index and the interest portion of your payment will be adjusted on a monthly basis as the index fluctuates
