As always, the answer to this question depends on your organization’s specific needs. It depends on a wide variety of factors beyond raw cost. The team at Enterprise will get to know your business and help you determine the financing approach that works best for your bottom line. We’ve found many of our clients benefit from open-ended lease structures that offer a customized line of credit around the anticipated service life of fleet vehicles. This maximizes cash flow by opening a dedicated line of credit for acquiring or leasing vehicles.
Open-ended leases are flexible, with no mileage restrictions, abnormal wear-and-tear charges or other surprises. It’s a simple move that keeps your existing lines of credit available for other business-building opportunities, and spreads fleet financing costs over the service life of vehicles.