Ryder Launches New Lease Products with Expanded Maintenance Options

Ryder Systems added two new commercial vehicle lease products, expanding the maintenance offerings from its standard full service lease.

Until now, Ryder’s traditional full service lease has offered only one option for maintenance. Customers interested in leasing now can choose from three “Ryder ChoiceLease” maintenance options: full service, preventive and on-demand.

As the name implies, the preventative lease option will provide preventive maintenance on new and used vehicles, enabling customers the ability to choose how and where to handle their other repairs or maintenance outside of preventive checks.

The on-demand lease option will allow access to Ryder’s national maintenance network on a pay-as-you-go basis. The offering is only available on new and used trailers, as well as used power equipment.

“Our full service lease customers recognize the value that comes from our fully comprehensive leasing and maintenance offering,” said Ryder Chairman and CEO Robert Sanchez. “However, recent market research and conversations with private fleet owners and other prospects that are new to outsourcing have shown that there is strong interest in having options. The new Ryder ChoiceLease products provide agility and customization for businesses that want more control when it comes to their fleets.”

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
Susie Angelucci
Advertising: 484.459.3016

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.