SelecTrucks Applies Lease Concept to Used Fleet Equipment

SelectLease Program Designed to Expand Options for Fleets

Portland, OR - SelecTrucks has announced details of the industry’s first fair market value (FMV) lease program for used vehicles. As fleets maneuver through the final quarter of a year marked by unprecedented fuel costs and natural disaster, SelecTrucks’ FMV lease is intended to provide fleets with an alternative financing solution.

“Freightliner is pleased to offer strategic options as transport professionals navigate challenging market conditions, “ said Drew Backeberg, Manager of Marketing and Sales Management at Freightliner Market Development Corporation, the company responsible for used truck operations. “SelectLease is designed to provide relief to help fleets maintain a forward motion.”

A pioneering concept in the used truck business, the fair market value lease pairs a low monthly payment and low down payment with flexible terms and off-balance-sheet financing. Furthermore, there is no residual value exposure at the point of lease maturity. The lease option is expected to spark interest among fleets that need to expand quickly.

SelecTrucks is the leading used truck retailer. Forty-one SelecTrucks Centers comprise a retail network spanning the United States and Canada. SelecTrucks offers a wide selection of used trucks, convenient locations, comprehensive warranty packages, flexible financing terms and business support. SelecTrucks inventory includes specialty, medium- and heavy-duty trucks, including day cabs and Sleepercabs.

SelecTrucks is a division of Freightliner LLC. Headquartered in Portland, Oregon, Freightliner LLC is the leading heavy-duty truck manufacturer in North America. Freightliner produces and markets Class 3 through 8 vehicles under the Freightliner, Sterling, Western Star, and Thomas Built Bus nameplates. Freightliner is a DaimlerChrysler company, the world's leading commercial vehicle manufacturer.

Related Press Releases