SERVICES
Open-End Leasing – Your Key to Business FlexibilityLeasing allows the business to pay for only the portion of the vehicles they use. This reduces the monthly payment when compared to financing a vehicle where you pay and finance 100% of the vehicle and pay tax on the total price.
Is Your EV Fleet Prepared for a Lithium-ion Battery Fire?When compared to gasoline and hybrid vehicles, electric cars have the lowest number of fires per 100,000 sales. Electric vehicles are powered by lithium-ion batteries and EV fires are typically related to the battery. While electric vehicle fires occur less frequently, they burn longer and hotter than other fires. This is due to a chemical reaction in the battery called thermal runaway.
BEST PRACTICES – MANAGING AN EV FLEETElectric vehicle (EV) fleet management requires a different approach compared to managing a fleet of traditional combustion engine vehicles. Here are some best practices for EV fleet management:
Managing Vehicle Lifecycles in High-Mileage ScenariosWhen it comes to football, vehicle shortages and supply chain interruptions, “The best defense is a strong offense,” says a fleet manager for the Tennant Company. The past year or two has been particularly challenging for fleet managers, so many are finding it necessary to employ a variety of tactics in order to stem losses, delays, or added costs.
Purchase price is important when you evaluate your vehicle choice, but resale value is equally important if not more important. It is often overlooked so we feel it’s a critical topic. Some vehicles depreciate faster than others and therefore will change the economics of vehicle decisions. Vehicle life-cycle costs look at three factors: acquisition cost, resale value, and cost to operate.
Vehicle recalls can be a pain to manage, especially if you are a small fleet. You need to find time to schedule the repair, incur vehicle downtime while the vehicle is at the dealer, and you may need to transfer tools and equipment to other vehicles. Add the potential revenue loss and you will understand why fleet managers dread recalls.
It is risk. Telematics is a tool that helps to manage and reduce risk. It’s also evolving and incorporating new devices, technologies, and metrics. Dashboard cameras, driver feedback in real time, and competition around driver safety are not the future. They are here today.
Fleet managers face many challenges including heavy workloads, an abundance of telematics data, and aging vehicles. In order to improve your fleet operations and better support your fleet manager, consider what functions should be outsourced and what should be done in-house.
We’ve had some clients who used to be of the mindset of running vehicles into the ground but now that they understand how open-end leasing can work to their advantage, they have changed how they operate their fleet.
Personal use may include using the vehicle to commute to and from home, run personal errands between work activities, or use the vehicle at night or on weekends. If you decide to allow personal use of vehicles, here are some of the considerations to include in your company policy:
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