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Closed-End Leases

Mike Albert Fleet's New President Looks Ahead

Alongside the appointment of Jeffrey Hart as Mike Albert Fleet Solutions’ new president, Marty Betagole — daughter of the company’s former CEO — has assumed the role of Mike Albert Fleet Solutions’ new CEO.

Fitch: Lease Accounting Rule Changes Won't Hit Corporate Ratings

New accounting rules that will require companies to include virtually all leases on their balance sheets will not affect credit ratings or the approach Fitch Ratings uses in adjusting leverage metrics to take account of leases, the ratings agency has announced.

New Guidance on Lease Accounting Released

Companies who lease vehicles will now be required to include the leases on their balance sheets but won't have the leases counted as debt under new lease accounting rules released by the Financial Accounting Standards Board (FASB) on Feb. 25.

Open-End Versus Closed-End Leasing

Choosing a leasing instrument during the procurement process is a vital aspect of fleet management that requires consideration of costs, utilization, and remarketing scenarios.

New Accounting Rules Require All Leases on Balance Sheets

The Financial Accounting Standards Board (FASB) has voted to move forward with a new standard that would require companies and organizations to include lease obligations on their balance sheets, a move that's being greeted with cautious optimism by fleet management companies.

Mexico's Fleet Conditions in 2014

The Mexican fleet market is expected to see an ongoing conversion from purchasing to leasing. The subcompact is the most popular vehicle in Mexico, followed by compact and multiple-use vehicles. In the Mexican marketplace, two distinct business models are available.

Twenty-One Year Fleet Outsourcing Analysis

Information analyzed includes how fleets are funding their vehicles, what administrative services are outsourced, safety- and accident-related services that are being outsourced, and what responsibilities today's fleet managers have in addition to fleet management.

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