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The U.S. Federal Reserve’s Federal Open Market Committee raised interest rates again Wednesday. It's a sign that the Fed believes the economy is in no danger of slowing down, including taking into consideration this week's latest economic reports.
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Fleets using open-end leases may need to reevaluate their total cost of ownership (TCO) calculation as federal interest rates continue to rise in 2017, fleet management company experts told AutomotiveFleet.com.
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The Federal Open Market Committee (FOMC) voted 9-1 on March 15 to raise the target range for the federal funds rate by a quarter percentage point to 0.75% to 1% — a move that was widely expected.
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Policy makers at the Federal Reserve on Wednesday announced an increase in interest rates for the first time this year and only the second time since the depths of the Great Recession and there are expected to be at least some repercussions for trucking.
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Within the context of fleet management, the concept of megatrends is used to identify economic and technological forces that can potentially alter our present-day industry in game-changing ways. Among the current megatrends that can potentially alter fleet as we know it are a higher interest rate environment, a higher taxation environment, leap-frogging technology, changing fleet demographics, and higher acquisition costs.
Read More →TORRANCE, CA – Fleet Financials magazine has an article covering ways to fund a fleet, from making the right leasing choices, how to take advantage of today’s low interest rates, and tips on choosing the best funding choices for a fleet.
Read More →Watching the pennies on the interest basis of the lease can add up to significant savings.
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