Minimizing costs and maximizing productivity is every fleet manager’s goal. With the development of data services, telematics, and mobile servicing, attaining that goal is easier than ever.
WEX Inc. will offer OnDeck small-business financing to its customers under a new partnership announced Jan. 18, according to the companies.
Mitsubishi Fuso Truck of America, Inc. (MFTA) has announced that its Cash In On Canter Sales Event will continue to offer 1.9 percent APR financing across the U.S. on all of its new 2014–2015 model year Canter FE Series commercial trucks.
Mitsubishi Fuso Truck of America, Inc. (MFTA) has announced that during its Diamond Deal Days Sales Event, it will be offering 1.9 percent APR financing on its 2014 and 2015 model year Canter FE Series commercial trucks.
Fleet managers are manufacturers of used vehicles. Many of the buyers of used fleet vehicles are C and D paper buyers. One unintended consequence to companies extending the service lives of fleet vehicles is that it is more difficult for used-vehicle dealers to finance C and D paper buyers in the secondary funding market. The issue, from the perspective of the finance company, is the remaining life of higher-mileage vehicles.
The cost of ownership value takes into account depreciation, fees and taxes, financing, insurance, fuel, maintenance and repairs over a five-year period.
Rather than simply defer replacement purchases to meet short-term budget-balancing goals, fleet managers should use today’s fiscal challenges to reappraise their organization’s approach to fleet replacement.
In this new economy, banks and lessors want more assurances than ever that your business is healthy. Having an answer to these questions will help keep your credit lines safe.
October was an extremely difficult month to remarket vehicles in the wholesale market as resale prices took a precipitous drop. Wholesale pricing, based on mixed mileage and seasonally adjusted, declined a record 6 percent in October. The lack of credit to both dealers and retail buyers has been the key catalyst contributing to the downturn in the wholesale market. The market forecast is gloomy until the credit gridlock is resolved.
Deciding whether to lease or own company-provided vehicles can seem a daunting task. Knowing the basic concepts helps.
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