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.
From taking advantage of a lessor's buying power to conserving capital, leasing is a good way to put wheels on the road — after doing your homework on the right type and terms for you.
A well thought-out, well-structured request for proposal (RFP) will get the products and services you want.
By now, most fleet managers know where to look to cut costs, such as reducing supplier rates, tracking fuel costs, and managing depreciation. A few other areas can provide additional, innovative cost-saving strategies.
Fleet managers know that it's smart to focus cost-reduction efforts where the money is - depreciation and fuel. But, within these categories, there are savings that even experienced fleet managers often miss.
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.
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.
Open-end (or finance) leasing was developed in 1951. Fleets wanted to lease units with off-balance sheet reporting. In 1981, the landmark Swift Dodge vs. IRS court decision legitimized the use of open-end TRAC leases.
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.
Choosing between the two types of commercial leases involves understanding your fleet driving patterns, your internal fleet management capabilities, and your appetite for risk.
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