RBC Bearings saved lease and maintenance expenses by moving to a shorter cycle with a flexible closed-end lease.
Firing Line: What Fleet Issues Keep You Up at Night?
What Fleet Issues Keep You Up at Night?
RBC Bearings saved lease and maintenance expenses by moving to a shorter cycle with a flexible closed-end lease.
What Fleet Issues Keep You Up at Night?
Choosing between the two types of commercial leases involves understanding your fleet driving patterns, your internal fleet management capabilities, and your appetite for risk.
For many fleet managers, the closed-end lease means everything is “fixed.” However, this isn’t always the case.
Not only will the market share for the closed-end lease grow, but so will its impact on fleet. A desire for predictable budgeted payments and fewer surprises at resale has prompted a renewed interest in the closed-end lease.
Deciding whether to lease or own company-provided vehicles can seem a daunting task. Knowing the basic concepts helps.
The FASB and IASB have put a new leasing project on their agendas. The outcome will be the creation of one leasing standard applied worldwide. Is this the beginning of the end of off-balance sheet accounting for fleet leases?
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