MANAGING PUBLIC SECTOR VEHICLES & EQUIPMENT
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Closed-End Leases

The Los Angeles Police Department is leasing its 100 BMW i3 battery-electric hatchbacks through a local BMW dealership, following a competitive bidding process that didn't include Tesla Motors, even though the department tested the Model S as a possible police vehicle.

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Utah City Spends $1.6M to Lease Patrol Vehicles

The St. George (Utah) Police Department is spending $1.6 million to lease 35 Ford Police Interceptor Utility vehicles over a four-year term to replace its fleet of aging patrol cruisers.

Open-End Versus Closed-End Leasing

Choosing a leasing instrument during the procurement process is a vital aspect of fleet management that requires consideration of costs, utilization, and remarketing scenarios.

Recalculation Adds Flexibility to Closed-End

For many fleet managers, the closed-end lease means everything is “fixed.” However, this isn’t always the case. By offering customers more options and mid-term lease recalculation, LeasePlan USA, a vehicle leasing and fleet management company, has made the closed-end lease a more flexible option.

Forecasting the Future of the Closed-End Lease

Not only will the market share for the closed-end lease grow, but so will its impact on fleet. A desire for predictable budgeted payments and fewer surprises at resale has prompted a renewed interest in the closed-end lease.