Mitsubishi Fuso Truck of America, Inc. (MFTA) and its captive finance partner, Daimler Truck Financial, today announced that they will offer a fair market value (FMV) lease on new Canter FE Series trucks with a dry van body.
According to Todd Bloom, MFTA’s president and CEO, “We’re really looking forward to the advantages this lease will offer our customers. Daimler Truck Financial is a rock-solid financial services provider and business partner. And the Diamond Advantage lease is tailored to our largest group of FUSO users — small-to-medium-sized fleets that depend on our medium duty work trucks to fulfill their truck transport needs. They look to us to give them the lowest cost of ownership available; this lease gives us one more way to do that. And at the end of the term, customers can purchase the truck for its then-current fair market value, or simply return the truck after meeting all obligations of the contract.”
The new FMV lease administered by Daimler Truck Financial gives FUSO truck customers a new choice in capital management, offering both financial and tax advantages, depending on the lessee’s specific situation. In addition to lower payments and little or no down payment, FMV leases enable a business to conserve capital while updating its fleet with newer trucks backed by a factory warranty, allowing them to focus on their business instead of worrying about maintaining aging equipment.
Juergen Rochert, vice president, Daimler Truck Financial, noted, “We have been financing commercial vehicles for 40 years, and deliver value for our customers by understanding their needs and providing financing solutions tailored to a variety of business models. We are pleased to partner with Mitsubishi Fuso Trucks of America to bring this new financing solution to market, and offer additional flexibility and financial advantages our customers can leverage to continue growing their business.”