SelecTrucks Enhances Walk-Away Lease Program, Adds Eligibility for Owner Operators
PORTLAND, OR… SelecTrucks, one of the largest retailers of used trucks in North America, announced today new enhancements to its SelectLease fair market value (FMV) leasing program offered exclusively by Daimler Truck Financial, the captive financial services provider for Daimler Trucks North America.*
The updated SelectLease FMV program benefits now include: eligibility for a single vehicle, allowing owner operator participation; the industry-leading Select Limited warranty coverage for the entire life of the lease, providing lessees certainty for the road ahead; lower down payment options to make it easier than ever to upgrade; and, new lower monthly payments to add more money to customers’ bottom lines.
“The SelectLease FMV gives owner operators and fleets of all sizes the peace of mind that comes with minimizing upfront cash outlay and reducing maintenance expenses with warranty coverage,” said Brian Daniels, Director, Used Truck Sales and Distribution, Daimler Trucks Remarketing. “We’re pleased to offer this unique program to help our customers succeed in their businesses with quality Freightliner & Western Star used trucks.”
The SelectLease FMV lease stands to benefit lessees with decreased ownership risks. The lease has no long-term obligations, meaning qualifying lessees can walk away in as little as 24 months with no end-of-lease residual requirements (after meeting all obligations of the contract, including mileage and return conditions).
Freightliner and Western Star trucks leased through the SelectLease FMV program also include the maximum available warranty coverage for the life of the lease. The 24-month lease term comes standard with 24-month, 200,000 mile Select Limited Base, Extra and After-Treatment System coverages. The 36-month term comes standard with 36-month, 300,000 mile Select Limited Base, and 24-month, 200,000 mile Select Extra and After-treatment System coverages.
Select Limited Warranties are backed by Daimler Trucks North America, the manufacturer of Freightliner and Western Star trucks, and include zero deductible and no aggregate claim limits. Leases can be secured at SelecTrucks retail centers across the United States. For more information on the SelectLease program, or to find a SelecTrucks center, go to www.SelecTrucks.com.
*Actual rates, terms and down payment, and program eligibility will be determined by Daimler Truck Financial’s Credit Team based upon creditworthiness of customer. Daimler Truck Financial reserves the right to modify or terminate this program at any time with no notice. Restrictions apply.
SelecTrucks is one of the leading used commercial truck retailers in the United States. With a retail network spanning the U.S. and Canada, SelecTrucks delivers unparalleled value with a wide selection of used semi-trucks, leading warranties and OEM-backed support. For over 20 years, SelecTrucks has been a key business partner for owner-operators and small to medium fleets. SelecTrucks is proud to be part of Daimler Trucks North America, the parent company of Freightliner and the largest heavy-duty truck manufacturer on the continent.
SelecTrucks is a brand of Daimler Trucks Remarketing Corporation, which is a subsidiary of Daimler Trucks North America LLC. Daimler Trucks North America produces and markets Class 5-8 vehicles and is a Daimler company, the world's leading commercial vehicle manufacturer.
About Daimler Trucks North America
Daimler Trucks North America LLC, headquartered in Portland, Oregon, is the leading heavy-duty truck manufacturer in North America. Daimler Trucks North America produces and markets commercial vehicles under the Freightliner, Western Star and Thomas Built Buses nameplates. Daimler Trucks North America is a Daimler company, the world’s leading commercial vehicle manufacturer.
Daimler Truck Financial is a business unit of Mercedes-Benz Financial Services USA LLC, and is the captive financial services provider for the Daimler Trucks North America family of commercial vehicle products, including Freightliner Trucks, Western Star, SelecTrucks, Sprinter Vans, Thomas Built Buses and Fuso. It is part of the Daimler Mobility AG group of companies, headquartered in Stuttgart, Germany, which is one of the leading financial services organizations worldwide.