Fleet Leasing & Funding
Our commercial leasing and fleet financing pros are here to help you acquire your vehicles as affordably and hassle-free as possible by customizing a funding strategy that perfectly aligns with your specific business goals and financial parameters. As a privately owned company, we’re able to work closely with you to develop a plan that’s tailored to your business.
Learn Why Fleets Choose Mike Albert for Leasing.
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We partner to find the fleet leasing strategy that’s right for you
As a privately owned fleet leasing and management company, we have the ability to provide flexible leasing terms. That means we can customize a lease agreement based on your financing strategy and vehicle life cycle plan that maximizes the efficiency of your fleet vehicles and minimizes your total cost of ownership (TCO).
We partner with you to tailor a financing strategy, enabling you to cost-effectively acquire your vehicles and ensures you:
Pay for what you use
You don’t need to lay out a large sum of cash.
You preserve your lines of credit.
Your vehicles can be replaced at the optimal time
Enjoy personalized service from a top fleet leasing company
Our 65+ years of experience as a top fleet leasing company, with expertise in Fleet Science® is backed by a business team of highly experienced fleet leasing experts that are as nimble and knowledgeable as they are attentive and helpful. We offer a strategic, not transactional, partnership because there is no one-size-fits-all approach to fleet leasing: our recommendations are based around what your fleet needs, not what we need to sell you. Whether you’re purchasing totally new vehicles, replacing old ones or recapitalizing, we carry out a full assessment using all the data available to find a lease that will have an immediate positive impact on your business. We’re not just there to sell you a lease, we can also offer tailored advice about what to buy and where you should buy it.
Why lease commercial vehicles instead of purchase?
Unlike vehicles for personal use, work vehicles are business assets. As such, most of our fleet clients choose to lease their fleet vehicles instead of buying them. Opting for fleet lease cars and trucks is a more flexible alternative that optimizes your business cash flow and helps minimize your TCO.
Stay on top of industry changes with the knowledge of our fleet pros
We understand that changes in your business and the economy over time may require adjustments to your vehicle financing strategy. Our team is constantly on top of the latest evolutions in the business and always ready to make modifications that help you keep your fleet up and running safely and cost-efficiently.
Closed-end fleet lease
On a strict budget for fleet leasing cars? Need to know your total cost of ownership up front? Can’t afford to be exposed to market price volatility, rate fluctuations, or seasonal resale factors? A closed-end lease may be your best answer.
With a closed-end lease, you can protect your business from residual risk by returning the vehicles at lease-end with no resale obligation. Mike Albert assumes the risk that comes with the depreciation and remarketing of your vehicles.
As a leader in closed-end leasing, we provide more flexibility in terms of mileage by offering you two different options: our mileage credit program and our unlimited mileage program.
Open-end fleet lease
An open-end lease has a minimum term (typically 12 months) which you can terminate any time after the term ends. When you do, you can either purchase the vehicle for the residual value or turn it in for resale. In that case, if the market value exceeds the residual value, you receive the gain. If the market value is less, you pay the difference.
An open-end lease may be the best solution for your business if:
- You have remarketing expertise and want to try to resell your vehicles for a profit.
- Your vehicles have been specially upfitted for on-the-job tasks.
- Your fleet has frequently changing needs.
- Your fleet lease cars are subjected to rough usage.
- You’re a private equity owned company.
To better fit your financing preferences, we offer two types of rates on our open-end leases: floating and non-float.
Fleet Fundamentals
Differences of open- and closed-end leases
End of Lease Options
With a closed-end lease, you’ll return the vehicle when the lease is over, but with an open-end lease you may have multiple options. We can help facilitate a purchase, renew the lease or help you resell the vehicle.
Take control of costs with a custom commercial fleet financing strategy.
We’re driven to deliver exemplary personal service. We don’t simply hand you a cookie-cutter solution you’ll find at other fleet management companies.
We identify your unique financing needs by assessing your current fleet vehicles and their utilization as well as looking at your industry, operations, and budgeting factors. Then we collaborate with you to determine the lease type, terms, and rates best suited to your business goals while optimizing your cash flow and minimizing your total cost of ownership.
Sustainable vehicle & EV fleet leasing
EV technology is advancing by leaps and bounds, and the world’s biggest companies are making EVs the backbone of their fleets of the future. We can provide information on leasing electric and hybrid vehicles for commercial fleets, and offer strategic fleet electrification advice including cost benefits, government incentives, charging infrastructure considerations and environmental benefits.
Heavy-duty fleet leasing
Lease your vehicles with low upfront costs and terms that make sense to the life cycle specific to heavy-duty trucks. Our team of financially fixated experts works with you to determine the best funding strategy for your heavy-duty fleet that will avoid hidden, pre-paid, or pro-rated fees common with many standard heavy-duty leases. Plus, you can choose to add our maintenance management service designed for heavy-duty fleets with pre-negotiated pricing, parts discounts, mobile service providers, and first-priority service agreements at leading OEM shops.
Acquisition and upfit for heavy-duty vehicles.
In addition to varying lease options, we can assist you with procuring the vehicles best suited to the needs of your business. Heavy-duty options, including heavy-duty truck leasing, are available.
This process can include building a singular vehicle specification standard for your fleet or specifications customized to each vehicle. We work with you to determine factors such as use, application, and geography, so that we may fully understand your needs. Our experts then utilize their extensive knowledge of different options to maximize your vehicle power, fuel economy, safety, and brand recognition to ensure your fleet is customized for your success.
Commercial fleet leasing FAQs
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