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The program allows fleet operators to source electric vehicle batteries through a five-year "lease-to-own" program.
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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.
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Under the agreement, Merchants will provide vehicle leasing and services to ServiceMaster’s core fleet of more than 10,000 vehicles.
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A closed-end lease works great for small fleets that don’t want the financial worry of the vehicle at resale. For lessees, success entails proper management of vehicle condition and mileage, as well as communicating with the lessor should driving patterns change.
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Novated leasing has primarily been contained to Australia due to a tax situation, but these leases provide three other specific benefits that could allow them to work in the U.S.
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A TCF Capital Solutions has hired Paul Erwin to lead a fleet funding initiative for fleet management companies, according to a release.
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The Federal Reserve announced a quarter-point interest rate reduction yesterday, its third such move this year. The target federal funds rate now stand at 1.5% after starting the year at 2.25%.
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Doering Fleet Management has named Adam Berger its president and has opened offices in two states, the Brookfield, Wis.-based leasing company has announced.
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Federal Reserve Chairman Jerome Powell officially announced a widely expected cut to the federal funds rate yesterday, dropping the central bank's target by a quarter-point to 2%.
Read More →The Internal Revenue Service update of the depreciation limits for higher-priced passenger vehicles should have minimal impact on commercial leasing, fleet management company executives said.
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