The Car and Truck Fleet and Leasing Management Magazine

New Sutton Leasing Division to Lease Pre-Owned Vehicles

October 22, 2001

For several years, Sutton Leasing in Warren has leased pre-owned vehicles to various clients and talked about the cost-savings fleets can achieve by using pre-owned vehicles.Now, Sutton Leasing has officially started a new division of the company, which will be called Proven Leasing, and which will ex-clusively handle leasing of pre-owned vehicles for its clients.Sutton Leasing President Clyde Sutton said that by using pre-owned vehicles, fleets can save $100 a month or more per vehicle. He gave an example using a 2002 Ford Taurus SE, which he said would cost $374.80 per month on an open-end lease.“But if you let us obtain a used car Taurus in December when they start coming off the rentals -- we have an arrangement with a manufacturer to buy them -- it would run you $257.90 a month,” Sutton said. “In these economic times, we feel there is a lot of market out there for that type of vehicle.”ITS, an inspection services company headquartered in Parsippany, NJ that has a fleet of about 400 vehicles, has been leasing used vehicles from Sutton Leasing for several years and has not only saved about $75 per month per vehicle, but has also saved a great deal on first-year depreciation. “If you give us enough lead time, we can obtain used vehicles for your fleet, and there’s not a whole lot of difference between one that new and one that’s used, except for the price,” Sutton said.For information, call (810) 759-5777.
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Most car dealers who sell used vehicles must comply with the Federal Trade Commission's (FTC's) Used Car Rule. In fact, car dealers who sell more than five used vehicles in a 12-month period must comply with the Rule.

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