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.
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Most leasing companies offer a “one-pay” or “single-pay” lease. In a single-pay lease, the lessee makes one lump sum payment as opposed to monthly payments spread over the length of the lease. Because the payment is made up front, the total monthly payments are reduced for an interest credit.
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With the economy growing and interest rates rising, business leasing has become a hot topic. In fact, almost 30% of new vehicle acquisitions are leased. Companies are realizing the savings gained through leasing. As a result adoption rates are on the rise.
When you send work crews out on a job do they moan and groan about the vehicles you’ve provided or are they excited by the newer model they get to drive? Are some of your vehicles costing you more than they’re worth because they spend more time in the repair shop than on the job-generating revenue for your business?
Maybe your company is growing and you need to expand your fleet. Maybe your vehicles are costing you too much in repair costs and need to be replaced. Well, what do you do?You could go to your bank and use your line of credit or dip into your capital reserves. Or maybe, you could just use someone else’s capital and preserve your own for growth activities.
Is your fleet operating as efficiently as possible? Do you gauge its performance against benchmarks and industry best practices? With the emergence of advanced data analysis and innovative technology within the fleet landscape, such as telematics, AI, and alternative energy sources.
Imagine a world where buying vehicles was fun and you knew you received what you wanted at a great price. Imagine a world where you felt as though you had an ally and advocate in the process who knew your needs and expectations. Imagine a world where you did not feel the information about car buying was stacked against you.
Is your fleet the healthiest it could be?
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