Search Close Menu
COVID-19

Pandemic's Disruption Keeps 2020 Fleet Operating Costs Flat

Read All

Encyclopedia

Browse

or

Closed End Lease

Generally, leases with a fixed term where the lessor assumes certain risks of ownership, notably depreciation and funding, plus takes responsibility for providing certain defined levels of administration. Other elements sometimes provided for are licensing or registration expenses, maintenance, tire replacements, and certain forms of insurance. 

Closed end leases take slightly different forms in various countries, depending on taxation and accounting regulations, plus custom and normal trade practices within the country. Most closed end leases have clauses which provide for price adjustments for miles or kilometers, when actual amounts accumulated on a vehicle differ from the amount allowed in the lease contract, and clauses which make the lessee responsible for maintaining the leased vehicle to certain minimum standards of good operating condition and appearance.

Fleet FAQ

Associate Vice President, Strategic Partners

Sherry Calkins

Associate Vice President, Strategic Partners

https://www.geotab.com/

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.