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FMV lease concept applied to used vehicles

SelecTrucks has announced details of the industry's first fair market value (FMV) lease program for used vehicles. As fleets maneuver through the final quarter of a year marked by unprecedented fuel costs and natural disaster, SelecTrucks' FMV lease is intended to provide fleets with alternative financing.

A pioneering concept in the used truck business, the FMV lease pairs a low monthly payment and low down payment with flexible terms and off-balance-sheet financing. Furthermore, there is no residual value exposure at the point of lease maturity. The lease option is expected to spark interest among fleets that need to expand quickly.

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TAGS: Leasing
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