Fleet leases are structured based on utilization and can be written based on 10,000 miles or 50,000 annually. Leasing allows business owners to pay for the portion of the vehicles they use.
There is an opportunity cost to everything.
Cash is king.
These two sayings go hand in hand.
Businesses with cash have the power to utilize cash for strategic projects, opportunities, and acquisitions.
True. Consumer leases through dealerships are typically three years.
Fleet leasing is NOT consumer leasing. Fleet leasing is a financial alternative with a built-in exit strategy. Fleet leases are typically three to five years and are customized based on how you intend to use the vehicles. At the end of the lease, companies have the option to buy the vehicle, extend the lease, or turn in the vehicle.
Dealerships are not the only option for acquiring vehicles especially if you are acquiring vehicles for fleet use. Professional leasing and fleet management companies (FMCs) offer an alternative to the dealership experiences.
Recently, we had a discussion with our service team about what is more important: to be liked or to be trusted. It’s a bit of a chicken or the egg argument because both are important especially when it comes to building long-term relationships with customers. At Doering, we approach our relationships with…
You are conservative and don’t like debt when it comes to vehicles. You’ve always been of the mindset, “If I can pay cash for a vehicle, why would I lease?” You don’t want the hassle of making monthly payments, so you pay cash. You are a perfect candidate for leasing. Perks of Single-Pay Lease…
With the economy growing and interest rates rising, business leasing has become a hot topic. In fact, almost 30% of new vehicle acquisitions are leased.
Managing a fleet of vehicles is a job requiring professional attention. Many organizations turn to professional Fleet Management Companies (FMCs) to help them manage their fleet. With any business partnership, fit is critically important.
Stop Running Your Fleet into the Ground
When you send work crews out on a job do they moan and groan about the vehicles you’ve provided or are they excited by the newer model they get to drive?
Feet managers, controllers, CFO’s, and company executives have discovered fleet solutions provided by third-party fleet management companies (FMCs) help free up time and allow them to focus on the strategic priorities.