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The Internal Revenue Service update of the depreciation limits for higher-priced passenger vehicles should have minimal impact on commercial leasing, fleet management company executives said.
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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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The Financial Accounting Standards Board (FASB) has voted to move forward with a new standard that would require companies and organizations to include lease obligations on their balance sheets, a move that's being greeted with cautious optimism by fleet management companies.
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Learn what leasing is, how it works, and what to consider before signing a lease agreement.
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Determining the acquisition strategy that works best for individual company fleets is a daunting process. Industry experts pose and answer questions to help fleet managers make this important decision.
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Fleet managers are wise to read the entire lease agreement and familiarize themselves with the terms and conditions under which they will be doing business. For it is the business side that impacts the fleet manager most.
Read More →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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