Questions, grouped by stage

Two vehicles. Below four we quote on a standard commercial programme; at four and above the account gets a named manager, a direct line and a 24 hour quote turnaround.

Yes, on every quote. A money factor of 0.00175 is an APR of 4.20 percent, because a money factor times 2400 is the annual rate. If a lessor will not show you the factor, you cannot check the rent charge, and the rent charge is half the payment.

Two parts. Depreciation is the capitalised cost minus the residual, divided by the number of months. The rent charge is the capitalised cost plus the residual, multiplied by the money factor. Add them and you have the payment before tax. Every quote on this site shows both lines.

On established businesses with two or more years of filed accounts, usually not. Newer entities and sole proprietors are generally asked for one. Your account manager tells you which applies before you complete an application, not after.

The one your route data supports, not the cheapest one. Excess mileage runs 16 to 24 cents a mile depending on class. On a 36 month lease, being 5,000 miles a year over an 18 cent band costs $2,700 at turn in, which is far more than the band upgrade would have cost at signing.

Yes, once, at any point before the final six months. We re-sheet the payment from the month of the change forward. There is no fee for the change itself, only the revised payment.

Nothing is refunded. That is standard across the industry and it is the reason we push back when a fleet buys a band larger than its routes justify.

Because the residual falls faster than the payment does. On a box truck, 60 months drops the residual 15 points against 36, so you finance more of the vehicle and you are still paying when the maintenance curve turns. On a half ton pickup the maths is different, which is why we price both.

Yes. A $1,840 shelving package on a 36 month term at a 0.00175 money factor adds about $54 a month. The alternative is paying it up front, which some fleets prefer for tax reasons. We quote both.

One to five days for shelving, racks, lighting, partitions and wraps. Twelve days for a service body conversion, which is why we ask you to order it with the chassis rather than after delivery.

Nothing. An inspector comes to your yard 90 days before term end, grades every unit and leaves a written estimate. You are free to repair anything on it at your own rates with your own shops.

It is $495 per vehicle when you return a unit and do not take another from us. Renew into a replacement unit and it is waived, which is the single largest saving available to a fleet on a rolling cycle.

Shelving mounting holes and wrap adhesive. Self-tapping screws through an unsealed floor are $240 a set to seal and treat, and third party calendered film that has bonded to the paint is $145 a vehicle to remove. Both are avoidable by upfitting and wrapping with us at the start.

Yes, and it is priced, not free. Early termination is the remaining depreciation plus the remaining rent charge, less what the unit realises at auction. At month 18 of a 36 month cargo van lease that has typically been a four figure settlement on our sample numbers. The scenarios are worked through on the lease versus finance page.