Planning Your Financial Strategy

If you're wondering what is the best way to pay for your fleet, you are not alone. Onward Fleet Solutions can help you navigate the differences between financing, leasing or paying cash for your vehicles. Our financial solutions offer attractive financing rates and are designed to accommodate the asset life of each vehicle. Additionally, you will have complete visibility into your plan and your fleet’s operational costs, helping you to optimize your cost per mile.

Financing Options

Onward offers finance options for all assets in your fleet including cars, light-duty vehicles, medium and heavy trucks.

Explore our fleet financing services to understand the differences:

• Cars and light duty financing
• Truck financing

Traditional Financing
Fleet Financing Services That Work for Your Business
When it’s time to purchase or lease, you want flexible, economical financing that makes sense. At Onward, we bring our financial expertise and strength to help make your fleet leasing and financing decisions easy, straightforward, and cost-effective.

Our range of customized fleet leasing services and financing options are structured to maximize your cash flow, with attractive rates and flexibility to accommodate the use and life of your vehicles and equipment. As costs are spread over the life of the asset, you benefit from increased operating capital and available credit to use for other business purposes. Get more out of your fleet investment, improve your cash flow, and reduce costs with our financing options.

Lease Types
TRAC (Terminal Rental Adjustment Clause)
In a TRAC lease, a vehicle’s original capitalized cost is amortized in equal monthly installments. This provides a known residual as well as offering ownership opportunities at lease end. Many term and residual options are available to suit your needs and the type or equipment you purchase. Onward Fleet Solutions guides you every step of the way.

Closed-End Leasing
In a closed-end lease, the leasing company assigns a guaranteed resale value to the vehicle before the initiation of the lease, based on the lease term and allowable mileage. If the vehicle is worth less than the guaranteed resale value, Onward loses the difference. If the vehicle is worth more, Onward keeps the difference.

Sale and Leaseback
A sale and leaseback can improve your company’s short-term liquidity, without compromising long-term financial stability. With a sale and leaseback initiative, you can unlock the equity in your vehicles to get more value with less monthly cash flow. More cash to fill capital needs, more flexibility each month, and more ways to keep your business moving forward. Onward evaluates the value of your fleet vehicles to calculate how much equity you have and presents you with a fair purchase price. If you are satisfied with the offer, you sell the vehicles to Onward, and we lease them back to your company.

Buy with Cash

Paying for your fleet vehicles without financing gives you the obvious benefit of not paying any interest. That means, when it's time to remarket, sell, or repurpose you vehicles, you will get the highest possible return on your investments.

Customize and Upfit Your Vehicle with Personalized Equipment

Vehicle upfitting is a pragmatic way to ensure an efficient set-up to meet the demands of daily operations. Our approach increases productivity, driver safety and an overall return on investment. Developing a strategic plan that fits your fleet’s needs will make this a smooth process, increasing efficiency across your entire fleet.

Benefits:

• The option to add vendors to our network, further streamlining your business operations
• Negotiated pricing
• Special manufacturer warranties, which are tracked at the customer level, along with standard warranty information

Our experts are constantly considering the unique needs of drivers and crafting highly specialized upfit designs. We have introduced a tailored, streamlined system for Order Management, allowing increased visibility through the vehicle ordering process:

• Full visibility of each state of the ordering process from start to finish
• A unique variety of creation options and upfit packages
• Price any vehicle and compare vehicles side-by-side for current and previous model years

Unrivaled Industry Expertise
We’ve got the best-curated network of preferred supplier partners in the business. We use these established relationships with all the major truck, trailer and equipment OEMs, truck upfit and modification centers to build and deliver to your exact specifications.

Truck Specifications and Engineering Solutions That Fit Your Business
We will consult with you on your truck specification needs to ensure your vehicle selection positively impacts driver satisfaction, maintenance costs and lease payments. We’ll review your proposed final equipment specifications, and also organize and conduct pilot reviews with your staff and the first-built unit to confirm actual build specifications.

Get the Most Value Out of Your Vehicle Assets

Remarketing is what you do when your fleet vehicles reach the end of their service period. Many business owners make the mistake of waiting until the vehicle drives its last mile to remarket. At Onward, we help you establish a plan from the day you purchase the vehicle that will ensure you don't waste money on maintenance and that you maximize profit on your vehicle assets.

No One Knows Fleet Remarketing Like We Do
Whether you sell your cars and light duty through wholesale outlets, driver and employee fleet vehicle sales, or client-arranged sales, you need to get the highest return possible. We can help. At Onward Fleet Solutions, our extensive experience in fleet lease remarketing means that we manage your resale strategy and administration to sell your cars, light and medium-duty at the highest price in the shortest amount of time.

We Manage the Vehicle Fleet Remarketing & Sales Process to Maximize Your Net Return
Our remarketing experts handle the entire fleet vehicle disposal process, from transportation and strategic reconditioning, to pricing and transfer of ownership. Our suite of fleet remarketing services is designed to meet your specific needs. No one knows remarketing like we do – we leverage our experience to get the most dollars for your cars and light trucks.

Maximizing the Value of Your Assets
Our experts craft customized vehicle remarketing strategies that help you maximize the value of your assets at every stage of the lifecycle, including when it’s time to remarket or sell