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Closed-End Leases

New Accounting Rules Require All Leases on Balance Sheets

The Financial Accounting Standards Board (FASB) has voted to move forward with a new standard that would require companies and organizations to include lease obligations on their balance sheets, a move that's being greeted with cautious optimism by fleet management companies.

City of Marion Debates Lease vs. Own for New Bucket Truck

The Marion City Council ended up approving a lease-lease agreement with Altec Capital for a new truck that would cost the City $86,157 over a five-year period. At the end of five years, the City has the option to purchase the vehicle for its fair market value cost or enter a new lease for a new truck.

Recalculation Adds Flexibility to Closed-End

For many fleet managers, the closed-end lease means everything is “fixed.” However, this isn’t always the case. By offering customers more options and mid-term lease recalculation, LeasePlan USA, a vehicle leasing and fleet management company, has made the closed-end lease a more flexible option.

Forecasting the Future of the Closed-End Lease

Not only will the market share for the closed-end lease grow, but so will its impact on fleet. A desire for predictable budgeted payments and fewer surprises at resale has prompted a renewed interest in the closed-end lease.