Vehicle Fleet Leasing & Financing for Companies of Any Size

Fleet Leasing & Financing

Flexible options on your terms

Your company is not standard, so why would your vehicle fleet leasing program be? Whether it is through an operating lease or a capital lease, closed-end or open-end, short term or long term, our team of fleet experts is focused on helping companies of every size find the leasing options that maximize their bottom line and propel their business forward.

We work with you to:
  • Customize Your Financing Terms and Structure
  • Find the Right Vehicles for Your Drivers
  • Combine Your Fleet Management Services into One Simple Package

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

Electric Vehicle Fleet Leasing & Financing

We have the electric makes and models that you need, including battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and hybrid electric vehicles (HEVs). Our fleet experts will provide a custom electric vehicle (EV) adoption plan best suited to meet your needs, including ordering, leasing, electric vehicle supply equipment (EVSE), and financing.

We also offer ClearCharge™, simplified EV charging and infrastructure solutions for fleets of any size. ClearCharge enables commercial fleets to plan, develop, and implement Level 2 and 3 charging to meet the evolving needs of their business. Whether your fleet is looking to administer employee home charging, install EVSE for office or depot charging, or find a mobile charging solution, the ClearCharge program makes it simple.

We also offer traditional invoicing for EV charging, which means you don’t need a third-party charging agreement. We’ll simply provide a monthly invoice for all your costs, including EV charging infrastructure in addition to any other Merchants Fleet services and support.

Learn More About Fleet Electrification

Vehicle Fleet Leasing vs. Owning

Leasing Owning
Only Pay for the Portion of the Vehicle You Use Pay for the Entire Cost of the Vehicle by Financing or in Cash
Lower Vehicle Acquisition Costs Requires Significant Capital to Acquire Vehicles
Monthly Payment is Matched to Vehicle’s Market Depreciation Monthly Payment is Not Typically Tied to Market Depreciation
Flexible Leasing Terms Less Flexible Purchasing Terms
Short-Term Leasing Allows Temporary Scaling to Meet Peak/Seasonal Demands  Under-Utilized Vehicles Are Retained for Longer Periods and Can Be Difficult to Dispose
Save on Fuel and Maintenance Costs Establish Equity
More Cash Flow Flexibility More Budgeting and Forecasting Costs
More Control Over Vehicle Cycling for Lower Non-Preventive Maintenance Expenses Longer Lifecycles, Which Can Increase Non-Preventive Maintenance Costs
Cost-Effective, Simple Way to Upgrade to Newer Models Vehicles Are Cycled Less Often Because of High Investment Costs
Lower Monthly Payments Higher Monthly Payments
Lessor Takes Care of Vehicle Disposal Owner Must Arrange for Vehicle Disposal


When leasing a fleet, you can also opt in to our fuel management and maintenance services. These will allow you to control fuel costs by providing drivers with fuel cards and ensure that routine maintenance is completed for preventive care.

By leasing, since you are able to spend less each month, your capital can be utilized elsewhere to grow your business. Depending on the type of lease you select, you will earn different financial benefits for your company. With the operating lease, you can obtain tax benefits by deducting 100% of your lease payments from your income statement. Or, you can claim depreciation and deduct the interest expense from your lease payments under a capital lease.

Open-End Lease

An open-end fleet lease gives you complete leasing structure flexibility. This option is ideal if you want a plan that is as close to vehicle ownership as possible, but with all the benefits of leasing.

You retain the equity in your vehicle, with a long-term structure to pay for your fleet. We have multiple options to help you customize your open-end lease to fit your fleet program.

Key Benefits:

  • Flexibility of Ownership with the Tax Advantages of Leasing
  • Fixed and Variable Interest Rate Options
  • Terminal Rental Adjustment Clause (TRAC)
  • Fully Amortized or Residual Options
  • Gains or Losses at Sale are Applied to Lessee’s Account

Closed-End Lease

A closed-end fleet lease gives you a one-stop, fleet budgeting solution. When you sign a closed-end lease with Merchants Fleet, you control your costs and minimize risks. You never have to worry about market price volatility, rate fluctuations, or seasonal resale influences. At the end of your closed-end lease, you will only be responsible for excess mileage and damages.

Key Benefits:

  • Costs are Known Up Front
  • Predictable Expenses and Cash Flow
  • Risks of Vehicle Ownership Remains with Merchants Fleet
  • Fixed, Agreed-Upon Terms That We Create in Consultation with You
  • Full, Early, and Extended Term Options
  • No Obligation to Purchase at Lease End
  • Provisions to Allow for Adjustments if Actual Usage Differs from Contract Terms

Short-Term Leases

Our short-term fleet leases include flexible terms for as little as 3 months up to 1 year.

If you have a seasonal business, a short-term fleet leasing program is a cost-effective, no-strings-attached solution. Our lease programs include skipped payment options, so you won’t be billed during your off season.

Key Benefits:

  • Flexible Terms for as Little as 3 Months up to 1 Year
  • No Minimum Quantity Requirement
  • Custom Mileage Options
  • Supplemental Options Available for Long-Term Fleet Leasing Clients
  • Option to Convert to a Long-Term Lease
  • Multiple Vehicle Types Available, Including:
  • 7, 8, 10, 12, and 15 Passenger Vans
  • Work Trucks
  • Commercial Vans
  • Shuttle Buses
  • Activity Buses
  • Gas-Powered or Electric Vehicles


You also have the option to convert your short-term lease into a long-term lease with our Rent-To-Lease program. Use a rental for immediate needs and convert that same vehicle to a long-term lease later, while keeping your driver on the road and avoiding the rental counter. This program is exclusive to Merchants and is ideal for expanding existing routes and taking on new ones.

How it works:

  • At the end of the rental term, the convertible rent-to-lease option can be exercised.
  • An equity credit and negotiated discount will be applied as a capitalized cost reduction.
  • A long-term lease term will commence using agreed upon terms and amortization period to calculate the monthly lease payment.

Value Lease

When brand-new vehicles aren’t necessary, you can lease used, low-mileage vehicles for your fleet and realize significant savings.

Key Benefits:

  • High-Quality Cars, Trucks, and Vans (gas-powered and EVs)
  • Vehicles still protected by original manufacturer’s warranty

Leasing Incentives & Discounts

When you go through a leasing partner or a fleet management company, your organization will have a better opportunity to find discounts and incentives on vehicles. These partners have relationships with auto manufacturers that can result in volume discounts and negotiated services that save you both time and money.

If you’re considering fleet electrification, explore federal funding and financing programs, and research tax credits and incentives in your own state.

An important tip: Many grants and other financial incentives will often require an application to be submitted months in advance. Your utility provider might offer specific EV charging incentives for your area, you or your fleet management partner should be checking for available incentives before you break ground on your project.

Fleet Vehicle Selection

We are able to source exactly the type of fleet vehicle you need, customized to fit your specifications. Access virtually any make or model, from alternative-fuel vehicles to sedans, trucks, vans, and buses.

= EV Options


  • Audi
  • Buick
  • BMW
  • BrightDrop (GM)
  • Chanje
  • Cadillac
  • Chevrolet
  • Chrysler
  • Dodge
  • Fiat
  • Ford
  • GMC
  • Hyundai
  • Jeep
  • Kia (Hyundai)
  • Lincoln
  • Lordstown
  • Mercedes-Benz
  • Nissan
  • Polestar (Volvo, Geely)
  • RAM
  • Rivian
  • Subaru
  • Tesla
  • Toyota
  • Volkswagen
  • XOS
  • …and more

Fleet Re-Leasing

Are you happy with your contract? Our fleet re-leasing option lets you extend your current terms in six-month increments for up to two years.

You can keep the vehicles you like, often at significant savings, and continue receiving top-notch service and support from our expert team.

Fleet Remarketing Services

Our fleet remarketing programs are designed to maximize your return, whether it is for one vehicle or an entire fleet. We offer two different remarketing options:

  • GuaranteeBUY: We offer you a guaranteed price for your vehicles.
  • OpenTRAC®: Acting on your behalf, we develop a strategy to resell your vehicles through our sales channels.

View Remarketing Programs

Own-to-Lease Program

If your company owns a fleet of cars and needs to free up capital, our Own-to-Lease program is a great option.

Key Benefits:

  • Sell Your Vehicles to Merchants Fleet
  • Lease Back Fleet Vehicles Immediately Through an Operating Lease
  • Improve Cash Flow While Keeping Your Fleet on the Road

Consult with Our Experts

Choosing between leasing and buying your fleet will require you to answer several questions including:

  • Do you have enough capital up front to buy?
  • How are your vehicles being used?
  • Can you handle unexpected maintenance costs?
  • Do you want the newest, latest vehicles?
  • How do you want to manage your finances?
  • Do you have any electrification and sustainability goals?

Our fleet experts can help you answer these questions. After reviewing your company’s history of financing, safety, liability, maintenance, and other factors, we will clearly define which fleet solution is right for you.

Consult with an Expert

“Since partnering with Merchants Fleet last year, their professional team members have provided excellent service and offered innovative solutions to address our unique needs.  Merchants has proven to be a top-tier fleet management company, exceeding our expectations on all levels.”

“My experience has been one of overwhelming delight. Merchants facilitates the expansion of Novus Ag business possibilities with their experienced professional staff by engaging in supporting activities. Allowing Novus Ag to lease short term vehicles while factory ordering enables us to save tens of thousands while immediately placing the employee in a high-quality truck. From permitting Novus to lease agricultural, material handling assets, to fuel and maintenance programs, we consider them a valuable partner.”

Michael Gates
Corporate Services - Fleet, Novus Ag, LLC

“Floor Coverings International is proud to partner with Merchants Fleet.  Their responsiveness and consultative approach has been beneficial to us and our franchise partners.”

Neil Daley
Director of Merchandising, Floor Coverings International

Frequently Asked Questions

What types of leases do you offer?

Merchants Fleet believes in a tailored approach and understands leases are not a one-size-fits-all product. We will work with you to determine exactly what you need for lease funding. Some of our options include open-end, close-end, short-term leasing, re-leasing, and value leasing. We also offer fleet buyback and vehicle acquisition programs. Learn more here.

How quickly can I get my fleet vehicle(s)?

Merchants Fleet works with manufacturers and dealers nationwide. Your sales executive will work with you to determine your needs and get your vehicles as soon as possible. However, timeframes may vary according to the type of vehicle you need, your specifications, and manufacturer timelines.

Will my fleet be eligible for any government-specific discounts and services?

Discounts and benefits include low, guaranteed fixed rates, tax-exempt leasing and registration, and unique lease structure. There are also options for flexible payment terms.

What happens at the end of my lease?

Merchants Fleet offers two different remarketing options: GuaranteeTRAC®, which gives you a guaranteed price up front, or OpenTRAC®, where Merchants Fleet remarkets your vehicles on your behalf. Depending on your lease, you may also be able to use our fleet buyback program or extend your terms.

How long are your leases?

Merchants Fleet offers leases as short as a few months, up to traditional lease lengths. Our team can help you determine the optimal lease duration for your individual needs.

Total Fleet Coverage

Our national footprint allows us to service clients all over the United States. No matter the size of your fleet, we’re ready to help you find a management solution that works for your business. From flexible leasing and comprehensive maintenance to innovative telematics and cost-saving fuel management, we’ll create a tailored plan to meet your needs.

Questions about vehicle fleet leases?

We are happy to help! Contact us to speak with one of our fleet experts.