Open end vs closed end lease

fleet management company

Managing a commercial vehicle fleet is often better left to a fleet management company. That’s because vehicle fleet management requires constant vigilance to ensure you’re maximizing your value, recycling and maintaining your fleet, coordinating buy outs or arranging new acquisitions and financing. Knowing whether to choose an open ended vehicle lease or a closed end lease takes someone who understands the nuances of vehicle fleet management and the benefits of both types of leases. There

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Vehicle Cycling Policy Explained

Canadian leasing company

Every sports fan knows there comes a time when even the most durable athlete needs to retire. The same goes for commercial vehicles. As much as you may love and respect its loyal contribution to your company, a vehicle – like an athlete – past its prime becomes more of a liability than an asset. When your duties include fleet management, you have decisions to make regarding your rapidly diminishing assets; implementing a vehicle cycling policy is a great way to manage the full cycle of your

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When Does Leasing A Used Car Make Sense

Vehicle leasing

New car smell. Like puppy breath and baby skin, everyone claims to love it. When you’re a company manager looking to save money on vehicle leasing, however, the thing you want to be smelling is a bargain on your leasing requirements. If a car a year old is depreciated by over 30 percent based on usage it can sometimes make sense to lease that car over its brand new equivalent. A good fleet management company can show when leasing pre-owned cars rather than new ones makes sense. Used-car leasi

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How To Reduce Fleet Down Time

Canadian leasing company

Can implementing an effective fleet management system help you counter Newton’s First Law? It can if your goal as an organization is to reduce fleet downtime and turn “objects at rest” into objects in constant motion. Engaging a Canadian vehicle leasing company that can help implement a fleet management system designed to maximize your vehicle fleet usage is just good business; machinery built with axles and wheels is always more effective when those wheels start rolling, putting your empl

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Should You Lease Or Finance An Executive Company Vehicle?

When you’ve finally landed in an executive position there should be perks expected besides the inevitable long work hours and high stress levels. For starters, your commercial vehicle leasing options should improve dramatically when you have access to executive vehicles rather than your run of the mill choices from the fleet. However, the lease versus finance question always arises, and understanding the advantages of an executive company car lease can help you make the right decision. When d

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How To Get Rid Of Old Redundant Vehicles

Canadian leasing company

“Out with the old, in with the new.” That’s a sage piece of advice for any business that understands the financial implications of keeping old, redundant vehicles on the ledger for too long. However, selling pre-owned vehicles is never as easy as it should be, especially in a saturated marketplace or without the expertise required to facilitate effective car disposal. That’s where working with an experienced fleet leasing company comes in. If a fleet provider is good at facilitating all

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