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This landscape company has decided to try leasing to maintain newer vehicles in its fleet. So far, the newer trucks have decreased maintenance downtime and improved employee morale.
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For both small and large fleets, choosing the correct lease type requires consideration of costs, utilization, and remarketing scenarios.
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Serving the small- to mid-size fleet market, 55 percent of Union Leasing’s portfolio is comprised of light- and medium-duty trucks. Recently, it acquired Express 4x4 Truck.
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Budget cuts forced the Wilmington Housing Authority to reduce its fleet. After implementing a plan, the agency decreased operating expenses by more than $25,000 per year.
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Penske Truck Leasing is once again a member of the annual InformationWeek Elite 100 list, placing No. 79. For 16 straight years, the company has graced the InformationWeek 500 rankings, which highlights leading business technology innovators in the United States.
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Similar to fleet leasing, equipment leasing also allows for creative ways to generate working capital and improve cash flow.
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The Marion City Council ended up approving a lease-lease agreement with Altec Capital for a new truck that would cost the City $86,157 over a five-year period. At the end of five years, the City has the option to purchase the vehicle for its fair market value cost or enter a new lease for a new truck.
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With a decrease in Section 179 expensing limits for 2014, businesses may look to leasing as an attractive option.
Read More →Ryder System, Inc. has announced that it is introducing new transportation and logistics solutions for the oil and gas industry, including customized dedicated fleets, transportation management, and fleet leasing and rental services.
Read More →In addition to California and Oregon, the Fit EV will be available for lease at Honda dealerships in select markets in Massachusetts, Connecticut, Maryland, New York and New Jersey.
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