Lease Type

 

Operational Lease:    vehicle/equipment is returned to lessor upon conclusion of lease.  Lessor assumes risk of the vehicle’s lease end value.

Finance Lease:           a lease end value for the equipment/vehicle is established at the lease inception.  Lessee owns the equipment/vehicle(s) at lease end.

Selection of lease type is the option of the lessee.  Both lease transactions are considered off-balance sheet for the lessee.

 

Lease End Options

· Extend the lease at a nominal rate

· Lessee can sell the vehicle(s)/equipment

· Lessee may turn-in the vehicle/equipment at the local address and lessor will sell and apply the proceeds to the stated lease end value. Lessee is responsible for any deficit and splits any overage with the lessor (80% lessee /20% Lessor) if sold to a 3^rd party.

Toll Free in U.S.: 800-331-0599

Phone: 973-644-2226

Fax: 973-644-2246

Email: hq@corpfleetlease.com

To contact us:

Leasing

Corporate Fleet Leasing, Inc.