Leasing and Long-Term Rentals
Your plan, your way
Model 1 experts work with you to craft a long-term rental and/or leasing package that works within your budget and future plans. That way, you can achieve your ideal fleet now, without having to purchase right away.
Find the right leasing plan for your fleet
Lease Types
To ensure we provide you with the best service possible, we offer multiple leasing options. Browse below to find the best suitable option for your business needs.
- Lease Purchase: Option
- Lease Purchase: Sale
- Operating Leases
- Terminal Rental Adjustment Clause (TRAC) Leases
Lease Purchase: Option
You retain the option to purchase your vehicle at lease expiration.
- Keep the depreciation benefits
- Preserve your credit line
- Optional zero down payment
- Sales tax is billed monthly
- You may purchase the equipment at lease expiration or return it
Lease Purchase: Sale
You own the vehicle at the end of your lease.
- Keep the depreciation benefits
- Preserve your credit line
- Optional zero down payment
- Sales tax is paid at onset of lease
- You own the equipment at lease expiration by paying as little as $1.00
Operating Leases
You return the equipment at the end of your lease and walk away without obligation.
- Equipment does not reflect on your balance sheet
- Sales tax is billed monthly
- Optional zero down payment
- Walk away from your equipment at lease expiration with no further obligations
- Equipment may be purchased at lease expiration as well.
Terminal Rental Adjustment Clause Leases
You have the option to purchase your vehicle for an agreed upon residual or walk away and pay nothing.
- Equipment does not reflect on your balance sheet
- Lower rates available due to depreciation being kept by the Lessor
- Optional zero down payment
- Purchase your equipment at an agreed-upon residual at lease expiration or walk away
- Sales tax is billed monthly
Your financing plan, designed exactly for you
One source
We don’t need the middle man. That makes financing with Model 1 simple, as you’ll always know who to contact for any questions or concerns.
Flexibility
Our team of experts know to stay flexible as plans often change. We’re here to help you get the right solution for your fleet, no matter how it evolves over time.
Fast credit approval
Because we make the final decision, our approval rate is quick and efficient, which means you can move that much faster.
Competitive rates
We’re happy to work with you to find the right financing plan for your business.
Tax exemptions
For electric vehicles, tax exemptions may be available for municipal use, saving you thousands of dollars over the total ownership duration of your vehicle.
Alternative fuel conversion
Because we specialize in alternative fuel installation, we’re happy to help create a financing plan to get you the right fuel types you need for your fleet.
Purchasing made easy
Alternative Purchasing Options
In addition to purchasing, we also provide financing and trade-in support to help you achieve your ideal fleet.
Financing
Our in-house financial experts work with you to craft a financing package that works within your budget.
Trade-Ins
Have a used commercial vehicle? Find out your trade-in value and discover how much you can save on a new commercial vehicle from Model 1.
Begin Your Application
To see more details about your prospective financing plan, visit our credit application page. To start the financing process, fill out the form to send us your current information. From there, our experts will reach out to you to discuss the best option for you and your fleet.
