Fleet Vehicle Leasing Procurement in the US
This report is intended to assist buyers of fleet vehicle leasing. Suppliers lease cars, sport-utility vehicles (SUVs), vans, buses and trucks (e.g. pickup trucks, box trucks and semi-trucks) through open-end and closed-end leases. Under an open-end lease, also known as a finance lease, the buyer purchases the leased vehicles after leasing for a short time, usually one year. Under a closed-end lease, also known as a walk-away lease, the buyer leases the vehicles for a fixed term and then returns them to the supplier. Suppliers in this market include automobile wholesalers, mechanics and manufacturers. Buyers come from both private and public sectors. Buyers are also called vehicle lessees in this report; suppliers are also called lessors.