Fleet Advantage expands robust trailer lease options with comprehensive solutions to help America’s top fleets operate

Fleet Advantage, a leading innovator in specialty financing, fleet data analytics, fleet management services, and life cycle cost management, announced today it has expanded its Trailer Lease Program, which enables flexible trailer lease solutions that provide a lower Total Cost of Ownership (TCO). The expanded program offers enhanced trailer flexible financing options for America’s top heavy-duty truck fleets.

As the industry pioneer in asset management for class 8 vehicles, Fleet Advantage has been a significant partner in the transportation industry, having leased 1 out of every 42 tractors in the last 10 years in the United States, with roughly 30,000 assets under management. Fleet Advantage also leverages its expertise in advanced data technology and flexible finance programs to provide a lower TCO when adopting flexible lease terms to trailers.

With Fleet Advantage’s industry-leading flexible financing programs, the company now offers Terminal Rental Adjustment Clause (TRAC) financing for trailers in addition to other leasing options, providing fleet customers with more flexible and advantageous leasing arrangements. This new program leverages the expertise of Fleet Advantage’s award-winning finance and fleet services specialists, who collaborate closely with leading OEMs and dealers to develop unique specifications that meet the diverse needs of its clients. This approach also extends to flexible lease structures for customer-preferred original equipment specifications, ensuring that each trailer is optimized for its intended use.

Furthermore, the company’s well-established working relationships with leading trailer manufacturers and trailer types, lift gate providers, and differential ramp system suppliers allow Fleet Advantage to offer comprehensive solutions that cover all aspects of trailer customization and outfitting.

“This integrated approach demonstrates Fleet Advantage’s commitment and dedication to providing holistic, tailored solutions that enhance efficiency and productivity in the heavy-duty fleet industry,” said Brian Holland, President & CEO. “This holistic approach enables companies with transportation fleets to optimize their trailer assets, reducing total cost of ownership while maximizing operational efficiency. By combining financial flexibility with strategic asset management, we're empowering our customers to make smarter long-term investments in their fleet, ultimately driving profitability and sustainability in an ever-evolving market."

Fleet Advantage Maintenance Solution powered by FleetNet America/Cox Automotive

Heavy-duty fleets also need a reliable, national maintenance and repair program for their trailers. According to ATRI’s Analysis of the Operational Costs of Trucking: 2024 Update, most trailer types had higher average ages in 2023 than in 2022. Furthermore, the average trailer trade cycle, as with the average trailer age, increased from 14.2 years in 2022 to 15.3 years in 2023. Fleet Advantage’s dedicated trailer program also makes available a reliable, national trailer M&R option – the Fleet Advantage Maintenance Solution serviced by FleetNet America/Cox Automotive and its network of 65,000 vetted service providers, including 24/7/365 customer service and roadside assistance.

Introductory Graphics Program

Fleet Advantage’s expanded trailer program also includes a new offering to enhance trailer wrap offerings. As part of this innovative program, the company provides fleet clients with the option to refresh their trailer graphics, ensuring that their mobile advertising remains current and impactful throughout the lease term. The cost for this graphic refresh will be set according to competitive national account target pricing, with a thorough review conducted prior to execution.

“These additional services align with our commitment to delivering comprehensive solutions that maximize the value of our customers' fleets,” added Holland. “This collaboration with industry leaders underscores our dedication to providing a full suite of industry solutions alongside our flexible financing for heavy-duty trucks and trailers, enabling our clients to maintain a strong, professional brand presence on the road.”