Leasing & Financing for Commercial Vans

Types of Leases & Financing for Commercial Vans

Whether it is through an operating lease or a capital lease, closed-end or open-end, our commercial van leasing experts are focused on helping companies of every size find the leasing options that maximize their bottom line and propel their business forward

Financial Objectives

Whatever your financial objectives, you can count on our personalized approach to determine exactly what you need for vehicle fleet leasing and funding.

Types of Vans Available

We have a variety of vans, buses, and shuttles available for lease. Whether you need a traditional mini-van for small groups or a 15-passenger van, we have a model that fits your needs.

Here are some of our more popular options:

  • Ford Transit Cargo, Crew, & Passenger Vans
  • Chevrolet Express Cargo Vans
  • Mercedes Sprinter Cargo, Crew, & Passenger Vans
  • Toyota Sienna
  • Eldorado Bus
  • Dodge Grand Caravan
  • Chevy Suburban
  • GMC Savana Passenger Van
  • Multi-Function School and Activity Buses (MFSAB)
    • Collins
    • Starcraft
    • Bluebird

Eligible Vehicles

We finance all of the vans and buses listed above, but if you are looking for a specific make or model that is not on the list, please contact us. Our van leasing experts can gather more information about your needs and provide more details on what options may be available.

Benefits of Commercial Van Leasing

Leasing vans for your business can help you avoid the high initial capital cost of purchasing vehicles. In addition to helping with cash flow, there are many benefits to a commercial van lease over ownership:

  • Only Pay for the Portion of the Vehicle You Use
  • Lower Monthly Payments
  • Less Age-Related Maintenance Problems
  • Easily Upgrade to Newer Vehicle Models
  • Save on Fuel and Maintenance Costs
  • Flexible Leasing Terms

Flexible Terms

Whether you are a seasonal camp that needs a no-strings-attached solution or a resort that wants as close to the benefits of ownership as possible with the advantage of leasing, Merchants has you covered. Our flexible van fleet leasing terms range from as little as 3 months up to 7 years.

Tax Advantage

Leasing a van instead of purchasing can also give you a tax advantage. Under the Section 179 tax deduction, the IRS allows businesses to deduct up to 100% of lease payments in the first year.

Free Up Capital

If your business owns vans and needs to free up capital, we have a fleet buyback program option. Simply sell your vehicles to Merchants Fleet, and we can lease back commercial vans immediately through an operating lease. We are here to help you keep your vehicles on the road while improving cash flow.

What is a Terminal Rental Adjustment Clause (TRAC)?

In an open-end lease with a TRAC clause, the TRAC allows for a rental adjustment against the vehicle’s outstanding book value at the end of the lease. This means a business can return the vehicle at any point during the lease after the minimum period has passed, and we either credit or bill them for the difference between what the vehicle is sold for and how much they owe.

For example, if a client turns in a vehicle and owes $5,000 and the vehicle’s residual value is $6,000, the TRAC adjustment allows the client to receive that $1,000 credit. Conversely, if the client turned in the vehicle and owed $5,000, but the vehicle’s residual value is only $3,000, the client will be billed the remaining $2,000 so the outstanding principle of the lease is paid.

Many businesses choose an open-end lease with a TRAC clause because it is an ideal method of managing cash flow to a specific vehicle. It also offers maximum flexibility because you can return the vehicle when it makes sense for your fleet, adjust vehicle usage without mileage penalties, and avoid charges at the end of the lease for wear and tear.

Upfitting & Graphics

When you lease a van for business, you want it to reflect your company’s high quality and meet your driver’s needs. We offer a nationwide vendor network of upfitters along with high-quality graphics and vehicle wraps so your commercial vans exactly meet your specifications.

Our in-house upfit engineering group combines great expertise with a focus on collaboration and flexibility.

Simply stated: whatever you need, we’ll make it happen.