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.
Tuesday June 27, 2017 – Ford Motor Company issued a massive recall on three years of manufactured Ford Transit vehicles. It addresses problems Ford has had with cracked flexible driveshaft couplings. Separation of the driveshaft can result in collateral damage to the brake and fuel lines, heightening the risk of passenger injury and vehicle crash.
Telematics is helping to shape driver behavior with real-time feedback. Nearly everything is more fun if it is organized as a game or competition. Driving is no exception. Gamification of driving safety adds a new dimension and competition (personal and peer) that benefits the company.
Knowing your drivers well is not enough. Trusting drivers plus verification is the future of fleet risk management. Risk management has been the #1 issue in fleets the last several years – not cost! Telematics solved this dilemma and does so elegantly, inexpensively and positively. Drivers benefit in the end.
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.
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