FLEET Management with Funding, Leasing and Financing Support

Open vs Closed End Leasing

Open-End Leasing

Open-end leasing is primarily used by companies who have fleets ranging from 1-1,000 vehicles. The flexibility provided with this type of lease makes it easier to manage a fleet of vehicles. The lessee has the ability to customize an open-end lease.
  • Operating lease
  • Off balance sheet financing
  • No cash outlay
  • 12 month minimum term
  • Customized leases
  • Ability to manage cash flow easier
  • Variable depreciation rates
  • Easier to replace vehicles
  • Lease to own vehicles
  • Share in used vehicle sale gains
  • Sell used vehicles to drivers/employees
  • No mileage restrictions
  • No early termination penalties
  • No excess wear and tear penalties
  • Absorb loss on used vehicle sales

Closed-End Leasing

Closed-end leasing is typically provided to individuals leasing a vehicle. This is the type of lease generally provided by a bank or automobile/truck dealership. These leases are more difficult to manage because of the time and mileage parameters.
  • Operating lease
  • Off balance sheet financing
  • At lease term walk away from lease
  • Requires a cash downpayment
  • Requires a specific term
  • Requires a specific mileage allowance
  • Early termination penalties
  • Excess mileage penalties
  • Excess wear and tear penalties
  • No participation in used vehicle sale gains
  • No control over the sale of the used vehicle
  • No customization of leases to drivers territories
  • Need to move vehicles to different drivers to control mileage levels and eliminate excess mileage penalties
  • No control on the acquisiton cost of vehicles
  • No control on the interest rate charged


Industries Served

We at JEB do all the work for you. Once we determine your specific needs we handle everything, relieving you of the burden of administering your fleet.

Vehicle Types

JEB Leasing & Fleet Management, leasing & financing offers a full range of leasing options to suit your needs and budget. We lease all makes and models of cars, light duty and medium duty trucks.


"EVERY LEASE IS DIFFERENT!" Therefore, JEB offers a full range of leasing solutions. Whether your needs are for automobiles, Cargo Vans or Pick-up Trucks for 24, 36 or 60 months, JEB will custom tailor your lease to your specific needs.