Fleet Management Companies (FMCs) are your advocate and can provide advice on fleet strategy and solutions. FMCs provide companies with important guidance on topics like how long to keep vehicles, which vehicle options make sense, and how to remarket vehicles to maximize sales prices.
Do you dread the vehicle buying experience through a dealership? Purchasing vehicles at a dealership can be confusing, high-pressure, and unreasonably time-consuming. It is inconsistent and so is the staff. Dealerships are not your only option, especially if you are buying vehicles for company use.
Car dealerships are designed to do transactions with individuals. Dealerships likely won’t offer a business the proper fleet rebates (which are typically higher than consumer rebates) and don’t have true business lease products available.
When you lease trucks for your fleet you may be offered what seems like a very attractive program that covers your lease payment as well as your maintenance for one price. This option is called a full-service lease. It is a conventional lease plus a maintenance agreement blended together and inseparable.
With the economy growing and interest rates rising, business leasing has become a hot topic. Companies are realizing the savings gained through leasing. As a result adoption rates are on the rise. Here are the 10 ways a Fleet Management Company (FMC) can help companies realize real savings through vehicle leasing.
We all have a friend or several who had a bad experience leasing. It happens constantly. They go to a dealership looking for a vehicle. They consider leasing at some point. They are given the choice of $800 per month for the vehicle they want if they buy.
Leasing vehicle fleets effectively and efficiently is simple if you follow five key leasing strategies.
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.