Learn about types of fleet leases, benefits, and potential drawbacks, tips for choosing the right fleet management partner, and more.
Commercial fleet financing is an essential part of a fleet manager's job to ensure the vehicles remain operational and efficient. But navigating it can be difficult. Work Truck explains what commercial fleet financing is, the current trends, and the options available.
Today’s international market conditions are not so different than they were 20 years ago and there are opportunities to be had (but no one said it was easy).
Peterbilt announced a special introductory lease offer on the Peterbilt Model 220EV battery-electric medium-duty truck through PacLease, offering lower monthly payments for the first year of the six-year lease.
The program allows fleet operators to source electric vehicle batteries through a five-year "lease-to-own" program.
The SelectLease FMV lease stands to benefit lessees with decreased ownership risks, according to the company. Qualifying lessees can walk away in as little as 24 months with no end-of-lease residual requirements.
Fleet Advantage is now offering the Sale-Leaseback program, which was designed to help fleets supplement lost revenue during the current COVID-19 pandemic.
The special leasing offer includes low rates and flexible lease terms on late-model, low-mileage vehicles from its extensive rental fleet of box trucks and semi-tractors.
PacLease continued its vehicle growth trend by increasing its new full-service rental and leasing business by 18% in 2019.
Founded in 1969 by Roger Penske, the company was created through the acquisition of a car and light truck rental and leasing business with three locations in eastern Pennsylvania.
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