What is commercial vehicle leasing and how can it help my business?

Commercial vehicle leasing programs can help your business operations and lower total vehicle lifecycle costs by managing cash flow through usage-based payments. At Jim Pattison Lease, we provide our customers with personal service and flexible leasing options that meet your unique fleet requirements. Below, we describe the benefits of both open-end and closed-end lease options.

Open-End Lease

SELECT YOUR TERMS

We’ll advise you on a term and structure that matches your unique industry and application.

RESIDUAL VALUE

Our experts will work closely with you to determine the appropriate residual that maximizes cash flow and reduces residual risk.

BENEFITS

No KM Charges

There are no over km penalties in an open-end lease.‏‏‎

Aftermarket Accessories

Enjoy the flexibility to add aftermarket accessories to your vehicle.‏‏

True Lifecycle Costs

While you assume the residual obligation, we help with setting depreciation rates to closely match true useful life.

Closed-End Lease

TRUE OPERATING LEASE

A lease structure that allows you to easily budget your fixed lease payments with no residual risk.

NO RESIDUAL RISK

We assume the risk for the residual value at the end of the lease.

BENEFITS

Walk Away

You are only responsible for monthly payments and the vehicle’s condition. When the lease is done, you simply return the vehicle.

Low Risk

Don’t worry about the used car market – we assume the risk of vehicle depreciation.

Ease of Management

Simple and easy to manage, you enjoy the benefits of leasing without the risks.

Ready to discuss which leasing options work for you?

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