Letting go – it’s one of the hardest things to do in a relationship. When you’ve travelled a lot of roads together, honouring your commitment while racking up the miles and investing the time for necessary maintenance needed to keep things running smooth, making the decision to say goodbye can be hard. Yes, we’re talking about vehicles here. And how you handle your lease-end options depends on the expertise and offering of the company handling your vehicle leasing.
When you’ve contracted a Canadian leasing company to handle your fleet leasing, you have the advantage of working with an ally who can steer you in the right direction. Your final move will be determined in part by the type of lease that you signed in the beginning, whether that’s an open-end lease or a close-end lease, The advantage of a open-ended lease is that you’ve got options: buy the vehicle, return the vehicle, continue with the lease, or sell the vehicle to a third party. Not all leasing companies offer the same options. It is important to make sure your leasing company offers you the right options. Having flexiblilty in your lease end options is a significant advantage for commercial fleets of all sizes.
