SelecTrucks announced new enhancements to its SelectLease fair market value (FMV) leasing program Friday, offered exclusively by Daimler Truck Financial, the captive financial services provider for Daimler Trucks North America.*
The company says its updated SelectLease FMV program benefits now include: eligibility for a single vehicle, allowing owner operator participation; the industry-leading Select Limited warranty coverage for the entire life of the lease, providing lessees certainty for the road ahead; lower down payment options to make it easier than ever to upgrade; and, new lower monthly payments to add more money to customers’ bottom lines.
“The SelectLease FMV gives owner operators and fleets of all sizes the peace of mind that comes with minimizing upfront cash outlay and reducing maintenance expenses with warranty coverage,” says Brian Daniels, director, Used Truck Sales and Distribution, Daimler Trucks Remarketing. “We’re pleased to offer this unique program to help our customers succeed in their businesses with quality Freightliner and Western Star used trucks.”
The SelectLease FMV lease stands to benefit lessees with decreased ownership risks, the company says. The lease has no long-term obligations, meaning qualifying lessees can walk away in as little as 24 months with no end-of-lease residual requirements (after meeting all obligations of the contract, including mileage and return conditions).
Freightliner and Western Star trucks leased through the SelectLease FMV program also include the maximum available warranty coverage for the life of the lease. The 24-month lease term comes standard with 24-month, 200,000 mile Select Limited Base, Extra and After-Treatment System coverages. The 36-month term comes standard with 36-month, 300,000 mile Select Limited Base, and 24-month, 200,000 mile Select Extra and After-treatment System coverages, the company says.
* DTNA notes actual rates, terms and down payment, and program eligibility will be determined by Daimler Truck Financial’s Credit Team based upon creditworthiness of customer. Daimler Truck Financial reserves the right to modify or terminate this program at any time with no notice. Restrictions apply, the company says.