Freightliner LLC’s Portland, OR-based used truck retailer, SelecTrucks, has announced details on what it calls the first fair market value (FMV) lease program for used trucks.

This program pairs low monthly payments and a low down payment with flexible terms and off-balance-sheet financing, SelecTrucks said. There is no residual value exposure at the point of lease maturity, SelecTrucks added.

The company noted that it exoects the FMV lease will be popular with fleets that need to expand quickly.

For more information, go to www.selectrucks.com.