Fleet leasing may not be for everybody but it can certainly provide significant benefits to businesses and their owners. With this in mind, here are a few reasons why your business might want to take the leap into fleet leasing.
Decreasing Established Costs – A few reasons can explain why you might need to lease a fleet of vehicles:
You’re trying to reduce your operating costs. You may be planning to start a new business, then seek to expand.
You’re seeking to save on operational expenses. If you’re starting a new business, for example, you might need an in-house office and a vehicle to operate it. If you’re seeking to lease equipment for an existing business.
The leasing makes it easy to find new, competitively priced fleets to lease. This is also a good way to reduce your expenses and make your business more flexible.
When a lease agreement is signed, you will be asked to create a Fleet Number. You will need to pay an upfront fee to the Fleet Management company. This is usually part of the deal. You pay the company a monthly fee for leasing your vehicle.
The companies usually use several methods to locate the right fleet to lease their fleet to. These methods include through competitive bids, use of inspection fees, and percentage fees.
It was originally designed to help clients or consumers perform their repair and maintenance activities on a fleet of vehicles, but it is now becoming a great source of income for small businesses.
It may seem like a no-brainer, but it still does much more than just save you money on gas and maintenance costs. After all, those aren’t the only reasons you want to lease.
Low-Costs: Renting a car requires an upfront investment of several thousands of dollars. Not to mention the ongoing costs of keeping the car running, such as insurance and maintenance. At the end of the day, it’s far cheaper to own and maintain your car and lease it.
Renting a car requires an upfront investment of several thousands of dollars.
If you’re thinking of looking into the leasing as an option for your business, here are some compelling reasons for doing so.
Better than a traditional lease in almost every way. Lease companies work hard to make a good deal and make things easier for you. Here’s why:
Lease companies will offer your business a guaranteed supply of vehicles at an affordable price.
They make sure your vehicle is in good condition before the lease commences. This includes track testing and ensuring it’s free of safety issues.
Fleet leasing is not the same as renting a property. You are leasing an entire fleet. You own all of the vehicles on the leased fleet, not only in what you own but also in what you lease. It is also perfect if you are looking to acquire a fleet of low-mileage vehicles from independent companies that may be eager to sell. Unlike leasing, you will not have to foot the entire bill for equipment upgrades or financial breakdowns if the company goes out of business.
Few drivers or fleet managers can argue with the efficiency of leasing cars. Buying a new car can be costly, and leasing is the perfect solution.
After every single loan or lease payment is fully paid and secured, the remainder of the loan is amortized into monthly payments. If you leased in the past, you know that you have a fixed cost of ownership that can only go up as much as the lease amount, which in turn is going up as well. This makes for easy comparisons between cars in your fleet, and huge savings.
You can maintain your lease vehicle, drive it while it’s under your lease and cancel when the lease runs out.
You can purchase your leased vehicle and keep it.