Fleet Financing

Optimizing Cash Flow for Your Business

We offer a variety of fleet financing options to help reduce costs and improve the profitability of your business. First, we take the time to listen to you. We evaluate your needs, fleet requirements and objectives, then tailor a plan that’s completely customized to your business. 

Fleet Financing with Ewald

Reduce Monthly Payments

We help you develop a leasing plan that delivers the fleet you need while also improving your cash flow and lowering your monthly payments.


Cost Savings

Leasing a fleet can offer you a variety of cost savings, reduced maintenance costs, and the ability to operate a more current fleet of vehicles at a price that fits your budget.


Flexible Options

Our leasing services give you the flexibility to tailor each vehicle to meet the exact requirements of your company’s needs and objectives.


Sound Advice

Our team can help you determine the best financial solutions at competitive prices for your business.


 

Advantages of a Vehicle Leasing Program

Business car and truck fleet leasing services give you the flexibility to tailor each of your vehicles to meet the exact requirements of your company’s needs and objectives while improving your cash flow and lowering your monthly payments.

Lease Program

VS

Purchasing

Financial life equals useful life

Book value is often not in line with market value at time of disposal

Discipline to enforce standards and reduce vehicle acquisition and administrative costs

Vehicle diversity and lack of standards increase both vehicle acquisition and administrative costs

Replacing vehicles is cost effective and convenient

Upgrading owned vehicles is capital-intensive and cumbersome

Eliminates excess fleet build-up

Purchasing intensifies vehicle fleet build-up

Lessor assumes disposal responsibility, maximizing returns with automotive expertise

Disposal of vehicles is time-consuming, expensive, and lacks the application of automotive expertise

Low monthly lease fee

Capital-intensive

Leasing allows cash flow flexibility

High budgeting and forecasting costs

Vehicles are cycled, reducing maintenance expenses, improving corporate image and driver morale

Vehicles are often retained beyond optimum life, resulting in higher maintenance costs and poor image

Off-balance sheet financing and creative financial structures

Financing affects the bottom line

Frequently Asked Fleet Leasing Questions

How to reduce the cost of fleet leasing

Start with a needs analysis

Begin by completing a fleet and utilization analysis to determine the optimal number of vehicles you need in your fleet. You should have enough fit-for-purpose vehicles for your employees to do their jobs effectively, while ensuring no vehicle is under-utilized.

Order your vehicles from the factory

Choosing factory ordering, rather than dealership stock, will significantly reduce your acquisition costs, leading to lower monthly lease payments.

Consider open-end leases

Open-end leases are specifically designed for business use. They have no mileage limits, a more flexible wear and tear policy, and more flexible lease terms. They also improve financial ratios, keep credit lines open, convert capital expenditure into a monthly expense, and can reduce the up-front cost of sales tax.

Talk to the Ewald Fleet Solutions team

The specialists here are Ewald can help you reduce your fleet leasing costs, with a focus optimizing the total lifecycle costs of each vehicle.

How to choose between an open-end and close-end lease

Consider both options

There are two options for leasing a fleet of vehicles: open-end leases and close-end leases. An open-end lease has more flexible terms, including flexible mileage estimates and participating in the gain or loss when the vehicle is sold at the end of the lease term. You also have the opportunity to capitalize on gains at the end of the term. In a close-end lease you’ll take on less risk from depreciation but you may also miss out on potential gains, and you’ll be subject to more stringent terms which can add costs in the long run.

Evaluate your mileage needs

Open-end leases have no mileage limits, even if your employees have a high number of travel miles. Close-end leases typically have fixed terms and mileage limits, with additional per-mile fees once the maximum has been hit.

Consider unexpected expenses

Open-end leases are more accommodating of general wear and tear. With close-end leases, you’ll be responsible for excess wear and tear costs.

Establish a lease timeline

Closed-end leases have rigid mileage limits, and the lessee is responsible for excess wear and tear. Open-end leases are based on mileage estimates, with no strict guidelines on wear and tear, and the lessee may experience gains or losses on the vehicle. That’s one reason open-end leases are the most popular type of lease. No matter what lease you choose, terms typically range from 24 to 60 months, driven by annual mileage estimates and your desire to have the latest and greatest vehicles.

Ask a fleet leasing professional

Contact the fleet specialists here at Ewald’s for advice on choosing the right leasing structure for your business.

How to lease a fleet of cars, trucks, or vans

Determine your needs

Consider the needs of the job and get input from drivers to determine the right fit-for-purpose cars, trucks, or vans for your requirements.

Evaluate open end and closed end leases

Research the differences between open end and closed end leases. Typically, open end leases are a better fit for businesses, since they offer more flexible lease terms and have no mileage limits.

Consider upfitting and graphics

Vehicle graphics promote brand awareness and present a professional image to the public. Equipment such as ladder racks, shelving, and bulkheads allow employees to be safer, happier, and more effective on the job.

Ask an Ewald fleet management specialist

The team at Ewald Fleet Solutions is your partner for turnkey fleet solutions. We will work with you to establish the right lease terms for your business, choose the right vehicles, and upfit them to your exact specifications before you receive them.

Ready to Transform Your Fleet Management?

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