Commercial Lease:
Commercial Open-End Finance (Trac) Lease
An Open-end lease allows all the benefits of ownership without the investment.
As a VFM Leasing customer you can take advantage of our buying power.
>> Acquisition at or below dealer invoice.
>> Less manufacturer’s fleet rebates and incentives.
>> Financing at competitive rates. VFM Leasing also provides several services to minimize the time and energy needed to coordinate your fleet.
>> Delivery to your office/representative
road-ready.
>> Automatic renewal of your registration.
>> Disposal of your vehicle(s) for maximum yield. (Vehicle Remarketing)
>> Optional maintenance programs.
>> Optional insurance programs. Briefly, an Open-end lease is a combination of interest, administration costs and a depreciation rate that we/you select.
Flexibility
The minimum term is 12 months, anytime thereafter you may elect to terminate the lease by:
>> returning the vehicle to VFM Leasing for disposal.
>> directing the sale of the vehicle to the party of your choice at the price you name.
In either case, if the net sale proceeds exceed the depreciated value, VFM Leasing will refund those dollars to you. Naturally any loss will be billed.
The key is to select a depreciation rate that will make this disposal break even on a profitable situation.
