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.
When is a Sale and Leaseback beneficial to my business?A sale and leaseback is a financial transaction where a business sells vehicles owned by the business to a leasing company and leases them back. The business continues to use the vehicles but no longer technically own them.
You finally found the ultimate business lease versus buy analysis! A proper business lease versus buy analysis looks at vehicle use, utilization, cash, tax and fleet administration.It is important to understand how the lease versus buy decision fits into your overall strategy and whether it is aligned with your corporate goals. Define what you are trying to accomplish. Is it cost savings, capital preservation, tax benefits, and/or cash flow?
Change is never easy. In fact, many resist it. That is why it is important to communicate, communicate, communicate what it is that you are trying to accomplish and why.
A well-written lease takes into consideration the anticipated use of the vehicle, whether it is the number of miles that will be driven or the condition of the vehicle at lease-end. Simply stated, with a lease you avoid paying for the vehicle life that remains when you no longer want to use the vehicle.
Fleet management is evolving rapidly and many tools are available to effectively implement your Fleet Wellness Program. Consider which tools are right for you and implement those that help you achieve your overall Fleet Wellness objectives. Let’s dive into the fourth tenet of our five-part Fleet Wellness Program series.
There’s no denying that autonomous vehicles hold a great potential for improving travel safety. Statistics from the National Safety Council estimate that there were approximately 40,000 deaths caused by vehicles in the United States in 2016 alone, making it one of the deadliest years yet. Autonomous vehicles (AV’s) have the power of safety and the ability to save lives, save injuries and save property damage.
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