Fleet Financing - Create a plan that’s specific for your needs
Ewald Fleet Solutions offers a variety of fleet financing options to help you improve cash flow and enhance profitability. We will meet with you to review your current fleet requirements and objectives, and recommend a plan that’s tailored to your needs and business requirements.
We specialize in a variety of lease financing options to meet your unique situation.
An open-end lease, often referred to as an operating lease, is the most common lease for business applications, because it offers the flexibility of ownership, along with the benefits of fleet leasing.
Improves financial ratios
Keeps credit lines open for business needs
Converts the capital expenditure into a monthly expense
Often reduces up-front sales tax cost
Often referred to as a "walk-away" lease, a closed-end lease minimizes your risk and offers a defined endpoint to the lease. You simply return the vehicle with no further financial obligation—within the terms of the agreement with regards to mileage and wear-and-tear.
Closed-end leases are most commonly used in consumer and government applications. A closed-end lease may also be a good option for clients who have low, predictable mileage habits, and are confident that they will not need to terminate the lease prior to the end of the lease term. In a closed-end lease, the lessee pays for excess mileage and abnormal wear-and-tear, which is often too restrictive for business applications.