Article

Understanding Your Commercial Vehicle Lease-End Options
05/19/2025
Commercial vehicle lease end is part of the routine for any business that leases vehicles. But when you're busy, it can sneak up on you, and that can be costly.
It doesn't have to be this way. In fact, end of lease can be an opportunity for your business.
Tim Vella, Assistant Vice President of Southeast Regional Fleet for GM Financial, says that end of lease is a critical moment for businesses. "Every company needs to carefully consider every decision regarding their vehicles. And that includes how they handle the end of their vehicle leases."
End of lease is about choosing the next best step for your vehicles and your business. But it's also about making sure your revenue-generating workhorses stay on the road.
Managing lease-end inspections
At the end of a vehicle's lease, you can choose between leasing or buying a new vehicle, purchasing your lease vehicle or returning it. Each option comes with unique benefits and requirements and offers flexible solutions to businesses with unique needs and goals.
Although there are good reasons for purchasing or returning a lease, keep in mind that there's [more to a vehicle's cost] than what you pay monthly. "A newer fleet can end up costing you less," Tim says.
After three years of service, maintenance costs and depreciation can have an increasing impact on your bottom line. Cycling new vehicles every three years can allow for stable payments while minimizing maintenance costs and [maximizing tax benefits].
What happens when your fleet vehicle lease ends?
A strategy for replacing aging vehicles can do even more for your business.
Say you need to replace a truck, but you wait until the lease is up to talk to your dealer. If the dealership has it in stock, no problem. But if it doesn't, you may find yourself with an aging truck or a different truck that doesn't fit the job.
But "a cycling strategy is the key to making the most out of your end of lease," Tim continues. "It provides a rhythmic cadence that makes your vehicle needs more predictable for your dealer."
Your vehicles are the lifeblood of your business, so you don't want to be caught off guard when lease end comes. And maybe you'd love to be more strategic, but you're just so busy. Not to worry. At GM Financial, strategy is our sweet spot.
If you'd like help thinking through end of lease, putting together a cycling strategy or anything else related to your commercial vehicles, let's set up a time to talk. We'd love to learn more about your business.