Peterbilt announced a special introductory lease offer on the Peterbilt Model 220EV battery-electric medium-duty truck through PacLease, offering lower monthly payments for the first year of the six-year lease.
The program allows fleet operators to source electric vehicle batteries through a five-year "lease-to-own" program.
The SelectLease FMV lease stands to benefit lessees with decreased ownership risks, according to the company. Qualifying lessees can walk away in as little as 24 months with no end-of-lease residual requirements.
Fleet Advantage is now offering the Sale-Leaseback program, which was designed to help fleets supplement lost revenue during the current COVID-19 pandemic.
The special leasing offer includes low rates and flexible lease terms on late-model, low-mileage vehicles from its extensive rental fleet of box trucks and semi-tractors.
PacLease continued its vehicle growth trend by increasing its new full-service rental and leasing business by 18% in 2019.
Founded in 1969 by Roger Penske, the company was created through the acquisition of a car and light truck rental and leasing business with three locations in eastern Pennsylvania.
Daimler says it's the first to introduce a truck lease program that can help fleets mitigate the risks of an uncertain economy, with payments based on actual miles driven.
The Truck Renting and Leasing Association (TRALA) announced that Diesel Laptops has joined as its newest Associate Member.
The Internal Revenue Service update of the depreciation limits for higher-priced passenger vehicles should have minimal impact on commercial leasing, fleet management company executives said.