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.
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:
Your company currently purchases vehicles and you want to save time and money through leasing. Many companies have made the switch to leasing and have worked with a fleet management company for their leasing needs and for comprehensive fleet management. Partnering with a fleet management firm can help you lower acquisition costs, free up cash, right-sized your fleet, implement technology solutions to manage vehicle maintenance, and improve vehicle selection
Current e-log systems, known as automatic onboard recording devices (AOBRD), don’t comply with the final rule. If you use a current e-log or ELD system, the compliance date is pushed to December 17, 2019. Fortunately, if you use new versions, you may be able to make the transition through software updates, thus minimizing costs.
First, what is a small fleet? For purposes of this piece, we define it as 50 vehicles or less. Companies have different approaches to managing their fleet. Some assign dedicated fleet managers, while others divide responsibilities among several employees. Many companies choose to outsource all fleet management duties to a third party.
Is your fleet the healthiest it could be?
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A fleet management program will dramatically improve your operating efficiencies, vehicle costs, and driver safety.
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