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Fleet Financing
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Whether you pay with cash, lease, or finance your fleet, we can develop a flexible program that's customized to fit your company. With flexible terms and depreciation, and fixed or variable costs, we can develop a vehicle acquisition plan that makes the most of your company's capital.
Leasing vehicles under a tailored fleet management program can be a better alternative than a cash or financed purchase. In addition to improved cash flow, companies save on administrative costs, and may also achieve "off balance sheet" reporting.
By financing your vehicles through a full-service fleet management company, businesses avoid tapping lines of credit to fund a depreciating asset, i.e., a fleet of vehicles.
"Many of our customers have found they can preserve their existing line of credit for needs associated with growing their business, and establish a separate line of credit with us for the acquisition of their fleet," said Steve Usselmann, Vice President-Finance at Enterprise Fleet Management. Additionally, while most leases do not require a complete payback of the principal balance for the vehicle, traditional forms of fleet financing or outright purchase generally require a complete payback of principal. As such, leasing routinely improves cash flow.
Usselmann added that business owners should not hesitate to lease because of misconceptions about mileage limitations. "The fact is that, typically, mileage patterns range from 20,000 - 40,000 miles per year. When the amount of miles that will be driven is anticipated and incorporated into the lease terms, mileage limitations are not a problem for a business."
Need help with your fleet financing needs? Contact Enterprise Fleet Management today. It pays to partner with Enterprise. |
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Contact Us to learn more on how
Enterprise can help you build and
manage your Fleet.
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