Lease-Purchase Strategy Fueling Fleet Acquisition
Government fleets spurred by historically low interest rates have been turning to a wider range of leasing and financing instruments to replace aging vehicles.
Government fleets spurred by historically low interest rates have been turning to a wider range of leasing and financing instruments to replace aging vehicles.
Two years after Detroit’s Chapter 9 bankruptcy filing, the city fleet has come out stronger, with a fleet that’s leaner, more data-driven, and striving for further improvements.
In a push to decrease maintenance costs and increase the fleet’s overall MPG — and with the help of telematics data — this public utility’s fleet manager is putting a proposal together that would move the owned fleet to a full lease program.
Current economic conditions require government fleet managers to seek alternatives to funding their fleet through different finance methodologies. Leasing is a practical solution, which in the past, was primarily utilized only by the private sector.
With many public sector fleet budgets straining in difficult economic times, leasing construction equipment can provide a financially viable option to purchasing for short-term needs.
In a tough economy, cash is king, and one way a company can create cash is by selling a fleet and leasing it back. The timing of such an arrangement must be carefully considered.
Global Fleet Services is an international alliance of fleet management companies representing global regional markets. The alliance met in Spain to discuss fleet trends in Africa, Asia, Australia, and Latin America.
Fleet managers are wise to read the entire lease agreement and familiarize themselves with the terms and conditions under which they will be doing business. For it is the business side that impacts the fleet manager most.
From acquisition to remarketing, a compilation of best ideas in managing successful, cost-effective, and efficient fleets is presented.
In its 5th year, GF’s Public Sector Fleet Manager of the Year award, sponsored by ARI, recognizes outstanding achievements by government fleet professionals.
PHH Arval conducts an annual environmental survey of public and private sector managers. Eighty percent of the surveyed fleet managers reported a growing interest in fleets’ environmental impact at their companies.
The RFP process can get bogged down with unneeded detail when procuring fleet programs and services. Reviewing and analyzing responses become cumbersome. Here are some ideas to simplify the process.
Depreciation turns fleet vehicles into “melting” assets. The open-end TRAC lease is an excellent tool to manage depreciation expense; however, maximizing its effectiveness requires establishing the proper depreciation reserve.
Marking 50 years of business, Mike Albert Leasing hosted an open house that paid homage to the past while looking to the future.
Choosing between the two types of commercial leases involves understanding your fleet driving patterns, your internal fleet management capabilities, and your appetite for risk.
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