Fleet Advantage is the recipient of the 2025 Excellence in Innovation Award, a newly launched award by the Equipment Leasing & Finance Association (ELFA) honoring transformational initiatives in the equipment finance industry.
“The Excellence in Innovation Award recognizes the meaningful strides our industry is making to modernize, adopt digital technologies, and drive greater value for customers and stakeholders,” Leigh Lytle, president and CEO of ELFA, said. “We are proud to honor Fleet Advantage for leading by example demonstrating how innovation in equipment finance can transform operations, enhance client experiences and strengthen the future of our industry.”
Fleet Advantage is aiming to revolutionize the end-of-lease process for heavy-duty trucks with its new system, OffLease Reimagined. This system is designed to reduce the average lease surrender time from over 90 days to just 30 days, saving clients millions on unnecessary lease extensions and cutting clerical errors by over 45%.
The award was presented during ELFA’s 2025 Innovation Lab Conference & Exhibition, where finalists pitched their projects live on stage. Conference attendees voted in real time, selecting the winner based on impact, creativity and relevance to the equipment finance industry.
