
For Ken’s Foods, makers of Ken’s Salad Dressings, the long-standing relationship with its fleet lessor allowed the fleet to grow seamlessly as the company evolved into a national brand.
For Ken’s Foods, makers of Ken’s Salad Dressings, the long-standing relationship with its fleet lessor allowed the fleet to grow seamlessly as the company evolved into a national brand.
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.
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.
Learn what leasing is, how it works, and what to consider before signing a lease agreement.
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.
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. By offering customers more options and mid-term lease recalculation, LeasePlan USA, a vehicle leasing and fleet management company, has made the closed-end lease a more flexible option.
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?