A record number of newer model year off-lease vehicles returning to dealer lots this year will be putting significant upward pressure on the late-model used market, according to the February 2017 Edmunds Used Vehicle Market Report.
The top 10 Business Fleet feature articles of 2016 covered several topics including leasing, truck body designs, technology, and diesel pickup trucks.
When it’s all said and done, there usually is a right answer for a particular fleet and the best person to make that decision is a well-educated fleet manager.
Idaho Youth Ranch has improved fleet efficiency through initiatives such as mobile technicians and electronic routing, as well as by adding new Kenworth T270 leased trucks to its fleet.
Solace Home Healthcare allows its clinicians to expense their personal vehicles or use a leased vehicle for a set monthly payment — for both professional and personal use.
This landscape company has decided to try leasing to maintain newer vehicles in its fleet. So far, the newer trucks have decreased maintenance downtime and improved employee morale.
For both small and large fleets, choosing the correct lease type requires consideration of costs, utilization, and remarketing scenarios.
Serving the small- to mid-size fleet market, 55 percent of Union Leasing’s portfolio is comprised of light- and medium-duty trucks. Recently, it acquired Express 4x4 Truck.
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.
Budget cuts forced the Wilmington Housing Authority to reduce its fleet. After implementing a plan, the agency decreased operating expenses by more than $25,000 per year.
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