Fleet leases are structured based on utilization and can be written based on 10,000 miles or 50,000 annually. Leasing allows business owners to pay for the portion of the vehicles they use. This naturally reduces monthly payments compared to financing a vehicle where the intent is to build equity. Business leases have no mileage charges or damage charges. The lessee bears the risk for the value of the vehicle at the end of the lease.
Watch Adam Berger of Doering Fleet Management discuss this concept.
