Commercial Leasing Tampa FL
For businesses looking for an alternative to commercial fleet financing, there are commercial leasing options in Tampa FL. Both closed-end and open-end leases provide their own sets of benefits that our dedicated fleet specialists can help you fully understand.
In short, closed-end leases are also referred to as “walk-away leases” since they are structured to allow lessees to return their vehicles at the conclusion of the agreement. As a business owner, you will receive money based on the residual value of the vehicles, which can be used as equity toward a new lease. That said, there are often mileage limits on closed-ended leases.
Open-ended leases are less structured in terms of the lease’s conclusion. At the beginning of an open-ended lease, the Ford Fleet and the leasing business will agree upon an estimated residual value of the vehicles. Depending on the condition of the vehicles over the life of the lease, that residual value may be higher or lower than that original estimate, meaning either the dealership or the leasing company will have to pay the difference to the other entity.
Whether you are searching for commercial fleet financing in Tampa FL or you’d like to explore your fleet financing options, Ford Fleet’s dedicated fleet specialists are on site to help owners find a plan that is right for their businesses.
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