Leasing - WEL Companies

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LEASING FROM WEL COMPANIES

One focus on customer service

Our Lease Program provides the support and resources that enable you to manage your business with the flexibility you need. Our fleet consists of late model Kenworth and Peterbilt tractors.

Current Available Equipment

2021, 2022, 2023, and 2024 model tractors, Kenworth T680s and Peterbilt 579s. 2021 and 2022 model tractors are Peterbilt ONLY.

OPTION 1 – Equipment Lease

– At completion of lease, Lessee will be refunded $0.04 for all odometer miles during the duration of the lease.

  • 2021 Peterbilt
    • $900 / weekly
    • 104 weeks
    • No Down Payment
    • Asset returns to Leasing Company after lease completion.
  • 2022 Peterbilt
    • $925 / weekly
    • 117 weeks
    • No Down Payment
    • Asset returns to Leasing Company after lease completion.
  • 2023 Kenworth and Peterbilt
    • $1050 / weekly
    • 130 weeks
    • No Down Payment
    • Asset returns to Leasing Company after lease completion.
  • 2024 Kenworth and Peterbilt
    • $1,175 / weekly
    • 156 weeks
    • No Down Payment
    • Asset returns to Leasing Company after lease completion.

OPTION 2 – Equipment Lease with Option to Purchase

- Requires money down & a credit check.

  • 2021 Peterbilt
    • $1,000/ weekly
    • 78 weeks
    • $9,360 Down Payment to be made within 30 days
    • Both Parties must agree to a sale at the end of the lease with the sale price determined by using the current lease completion date.
  • 2022 Peterbilt
    • $1,025 / weekly
    • 91 weeks
    • $10,820 Down Payment to be made within 30 days
    • Both Parties must agree to a sale at the end of the lease with the sale price determined by using the current lease completion date.
  • 2023 Kenworth and Peterbilt
    • $1,150 / weekly
    • 104 weeks
    • $13,650 Down Payment to be made within 30 days
    • Both Parties must agree to a sale at the end of the lease with the sale price determined by using the current lease completion date.
  • 2024 Kenworth and Peterbilt
    • $1,275 / weekly
    • 130 weeks
    • $18,330 Down Payment to be made within 30 days
    • Both Parties must agree to a sale at the end of the lease with the sale price determined by using the current lease completion date.

Maintenance Plans

Option #1 - Silver (standard maintenance escrow) Program:

  • Available for all trucks (2020 trucks will only have this option)  
  • Cents per mile (CPM) per year truck
    • 2021: $0.22 CPM
    • 2022: $0.19 CPM
    • 2023: $0.17 CPM
    • 2024: $0.17 CPM

Option #1 – Silver Plan with Maintenance Escrow

  • Any preventative maintenance or repair not paid by Lessee directly will be paid out of the Maintenance Escrow. If Lessee does not have sufficient funds in the Maintenance Escrow to cover the maintenance or repair cost, Lessee will pay the balance of the maintenance or repair cost directly.   
  • If a loaner truck is needed, the truck will be provided at Lessee’s cost.  The loaner truck cost is $150.00 per day for each day Lessee has the loaner; provided, however, that Lessee will not be charged more than the weekly Lease Payments under the ELA for the use of a loaner vehicle.  The loaner vehicle use will be subject to all of the provisions and terms of this ELA, excluding those related to Lease Payments.  

OPTION 2 – Equipment Lease with Option to Purchase

  • Available for 2021, 2022, 2023, 2024  
  • Cents per Mile (CPM) per year truck
    • 2021:  $0.21 CPM
    • 2022:  $0.18 CPM
    • 2023:  $0.16 CPM
    • 2024:  $0.16 CPM
  • Lessee will pay to Lessor the applicable cents per mile listed above for all miles driven to cover the expected costs of all preventative maintenance and repair for the duration of the ELA.
  • Lessee’s repair/preventative maintenance, excluding driver abuse, accidents, and failure to comply with service intervals, is covered for the duration of the ELA by payment of the cents per mile indicated.
  • In the event of a breakdown, a loaner truck will be provided, and the cost of such loaner truck will be paid for through the deduction of the cents per mile indicated.
  • Under this Platinum Plan, the amounts paid are not refundable but are intended to approximate the normal preventative maintenance and repair costs for the Vehicle for the Lease Term.