24 months
56.5%
- Residual value
- $31,866
- Depreciation
- $24,534
- Miles included
- 30,000
Highest residual, highest payment.
4108 Burnet Road, Suite 120, Austin, TX 78756
The fleet spec, written on 48 months on purpose

Vinyl floors, cloth seats, steel wheels and the same drivetrain. We write the Work on a 48 month term because fleet customers keep vehicles past the point where a 36 month payment makes sense, and because the lower monthly matters more than the residual when the truck is a line on a job cost sheet. Be clear about the trade: 48 months runs past the four year bumper to bumper warranty, and the residual is nine points lower than at 36.
Best for: Fleets of three or more, and any business that wants the lowest possible monthly line item
Depreciation is the adjusted cap minus the residual, divided by 48. Rent charge is the adjusted cap plus the residual, multiplied by the money factor. All figures are samples. Offer expires October 31, 2026.
Every 2,500 miles you add to the allowance takes residual points off the forecast, which raises the payment. This is the same vehicle, the same 48 month term and the same money factor at all four.
| Miles a year | Residual | Sample monthly | Miles over the term | Who it suits |
|---|---|---|---|---|
| 7,500 | 48.5% | $552 | 30,000 | Second car, short commute, mostly in town |
| 10,000 | 47% | $568 | 40,000 | The default band, around 27 miles a day |
| 12,000 | 45.5% | $585 | 48,000 | A daily commute over 15 miles each way |
| 15,000This offer | 43.5% | $606 | 60,000 | Long commute, regular trips to Houston or Dallas |
Scroll the table sideways to see every column.

The term ends at 48 months, the bumper to bumper warranty ends at 48 months or 50,000 miles. At 15,000 miles a year you will hit 60,000 miles, so the last 10,000 are outside that cover. Powertrain and battery cover run to 8 years.
The residual is the lessor's forecast of what this Haul 150 will be worth when you hand it back, set as a percentage of its $56,400 MSRP. Depreciation is the part you actually pay for.
56.5%
Highest residual, highest payment.
50.5%
The benchmark term.
49%
Usually the lowest payment.
43.5%
Runs past the 4 year bumper warranty.
If a question you have is not here, call and ask for a lease advisor. Nobody will read you a script.
$4,436 as a sample figure: a $3,500 capitalised cost reduction, the first monthly payment of $606, the $225 documentary fee and $105 of Texas title, registration and inspection. The $1,095 acquisition fee and $3,431 of Texas motor vehicle tax are capitalised into the payment rather than collected on the day.
Excess miles are charged at $0.25 each at turn in. This car is written on the 15,000 mile band, which gives you 60,000 miles over 48 months. Finishing 3,000 miles over would cost $750. Buying miles up front instead costs $0.16 each, but unused prepaid miles are not refunded.
At 46 kWh per 100 miles and the Austin Energy EV plan overnight rate of $0.1175 per kWh, this car costs about $0.054 a mile in electricity, or roughly $811 a year at 15,000 miles. On public DC fast charging at $0.44 per kWh the same driving costs about $3,036 a year.
Yes. The purchase option is the residual value, $24,534 on this contract, plus a purchase option fee and tax. If the market value at that point is higher than the residual, that difference is equity and it belongs to you. We check every customer's payoff against market value at around month 30 and call if there is anything in it.
The term ends at 48 months, the bumper to bumper warranty ends at 48 months or 50,000 miles. At 15,000 miles a year you will hit 60,000 miles, so the last 10,000 are outside that cover. Powertrain and battery cover run to 8 years.
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