Merchants Fleet is launching a national fleet leasing and rental program for logistics brokers through a new partnership with a third party administrator for final-mile delivery companies.
The new program with Merchants Fleet and SCI is designed to enable business growth for the logistics brokers through reduced vehicle costs, according to the fleet management company.
Under the partnership, Merchants will provide vehicle funding and purchase options for new and pre-owned vehicles as well as services to support the day-to-day operations of the vehicles. Merchants will offer several funding options, to include: rentals, rent-to-lease, traditional lease terms, vehicle purchasing, and own-to-lease.
“Fleet management is a challenge for all final-mile companies and why SCI is excited to introduce SCI’s newest partner, Merchants Fleet, at a time when a solution is needed most,” said Peter Fidopiastis, President & General Manager at SCI. “Merchants Fleet’s programs have the breadth and flexibility our Logistics Brokers need to grow their businesses.”
Merchants’ rent-to-lease was developed as a way to accommodate the needs of industries, like last mile, that experience rapid fluctuations and need creative ways to scale. The service offerings will include managed programs for fuel, maintenance, telematics, and remarketing vehicles at the end of term/use.
“With the surge of online ordering and home delivery, our program provides the flexibility to meet the Logistics Brokers’ varied needs,” said Marcus Luce, director of Logistics Partnerships, Merchants Fleet.
The Merchants program launched to the SCI Logistics Brokers on Oct. 21, 2020.