Cash flow shouldn't be a pain in the grass

Landscape Fleet Financing

Closed-End Lease

Mike Albert’s closed-end landscape leasing solution is the ultimate weapon for cash flow concerns, unpredictable budgets and fluctuating resale markets.

Closed-end landscape leasing allows clients to:

  • Eliminate large outlays of cash for landscape truck purchases and preserve needed capital to keep your business running smoothly
  • Accurately forecast and budget for the future without worrying about surprise fleet expenses
  • Protect your business from residual risk by returning the landscape vehicles at lease-end with no resale obligation. We assume the risk of depreciation and remarketing of closed-end leased vehicles

To assist you, Mike Albert also offers solutions that take the worry out of picking the right mileage terms with our:

Mileage Credit Program

  • Perfect for customers with unpredictable mileage patterns
  • A higher mileage is defined in the lease terms as a safeguard against overage fees
  • A credit is paid at lease-end for each contracted mile not driven, ensuring you only pay for the miles you use

Unlimited Mileage Program

  • Ideal for high-mileage customers with occasional mileage fluctuations
  • The costs are completely fixed regardless of miles driven, ensuring budget predictability and eliminating surprise fees at lease-end

Open-End Lease

Mike Albert’s open-end landscape leasing option suits clients who keep their trucks longer, prefer a greater level of flexibility or upfit their vehicles to meet their business’s specific needs. Our open-end landscape lease program allows clients to:

  • Eliminate a large cash outlay for truck purchase yet receive similar ownership benefits
  • Enjoy flexibility if fleet needs change unexpectedly

Open-end landscape leasing is all about flexibility, and Mike Albert offers options to fit your finance preference:

Open-End Fixed Rate

  • Payments are fixed at time of delivery. They remain locked through the lease term, allowing you to budget expenses
  • Interest rates are indexed to the Business Day Rate of various financial indices and are established at the onset of the lease
  • Interest rate remains fixed throughout the term

Open-End Floating Rate

  • Beneficial when interest rates are high but anticipated to decline over the length of the lease term
  • Floating rate is indexed to the Business Day Rate of a specific financial index, and the interest portion of your payment will be adjusted on a monthly basis as the index fluctuates

Seasonal Billing

What if you didn’t have to pay for your landscape vehicles during the off-season? Mike Albert’s seasonal billing program allows you to build a lease that includes 12 months of payments condensed into the eight or nine months of the year when you earn the most revenue from your landscape jobs.

Purchase Leaseback

Mike Albert offers a purchase leaseback option for businesses that currently own their landscape fleet vehicles. It provides an opportunity for customers to:

  • Sell landscape fleet vehicles at market value
  • Lease the trucks back from Mike Albert with efficient financing

Purchase leaseback customers benefit from:

  • Instant cash. Using our purchase leaseback solution means that Mike Albert will cut a check for the full market value of your landscape fleet. Use the cash to hire additional employees, lease additional vehicles, invest in technology or marketing to strengthen your business
  • Improved budget control. Converting to a leased landscape fleet allows you to pass the residual risk of vehicle ownership to Mike Albert. We provide an optimal cycling strategy to minimize maintenance expense and ensure your landscape truck costs are always manageable
  • Healthier balance sheets. Transferring fleet ownership to Mike Albert allows you to remove aging, depreciating assets from your balance sheet and improve your business’s financial health

Single-Pay Lease

Every landscape business has unique financial needs, and Mike Albert Fleet Solutions offers a variety of solutions to maximize your particular financial position. If you have access to capital but are still interested in the benefits of leasing landscape vehicles, a single-pay lease is a viable option.

Your company may be a candidate for Mike Albert’s single-pay lease if:

  • You experience fluctuating levels of cash availability throughout the year
  • You prefer to cover your lease obligations all at once when cash is plentiful rather than budget for it throughout the year
  • You can purchase landscape vehicles with cash but prefer to lease in order to pay only for the portion of the vehicle you use
  • You like the benefits of leasing but have the cash available to save on finance costs by paying for the entire lease term up front

If any of these scenarios describes your business model, Mike Albert’s single-payment lease solution can help:

  • Reduce costs
  • Improve cash flow
  • Minimize time spent on fleet administration