MANAGING 10-50 COMPANY VEHICLES
For Ken’s Foods, makers of Ken’s Salad Dressings, the long-standing relationship with its fleet lessor allowed the fleet to grow seamlessly as the company evolved into a national brand.
For Ken’s Foods, makers of Ken’s Salad Dressings, the long-standing relationship with its fleet lessor allowed the fleet to grow seamlessly as the company evolved into a national brand.
For both small and large fleets, choosing the correct lease type requires consideration of costs, utilization, and remarketing scenarios.
The move to put lease obligations on the balance sheet brings up questions on whether the change would affect a company’s ability to borrow money, its financial statements and the accounting of closed- and open-end leases.
“I run high miles on my vans, so leasing isn’t for me,” is a common refrain — from the uneducated small-fleet administrator.
A new Internet service offers commercial same-day fleet leasing quotes — without running your credit.
RBC Bearings saved lease and maintenance expenses by moving to a shorter cycle with a flexible closed-end lease.
What Fleet Issues Keep You Up at Night?
Choosing between the two types of commercial leases involves understanding your fleet driving patterns, your internal fleet management capabilities and your appetite for risk.
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.