THE NUMBER 1 RESOURCE FOR VOCATIONAL TRUCK FLEETS
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.
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.
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?