TRAC Lease - Tagged Posts - Automotive Fleet

Establishing Amortization Rates by Vehicle Class

The open-end, TRAC lease allows fleet managers a great deal of flexibility in managing depreciation. One manifestation of that flexibility is allowing fleet managers to amortize vehicles based on vehicle class and usage.

Fleet Financials: Negotiating a Cost-Effective Fleet Lease Agreement

Fleet Financials magazine recently ran an article on how to negotiate a cost-effective lease agreement, covering the different types of fleet leases, components of a fleet lease, and negotiating terms for billing.

History of Fleet Leasing

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.

Safelite Autoglass Pilots the Chevrolet Volt

The company leased 18 Chevrolet Volts as part of a pilot program to see if the vehicle would help reduce fuel spend and greenhouse gas emissions in the sales and repair segments of its fleet. The results have been positive so far.

How Will Accounting Rules Impact Off-Balance

The FASB and IASB have put a new leasing project on their agendas. The outcome will be the creation of one leasing standard applied worldwide. Is this the beginning of the end of off-balance sheet accounting for fleet leases?

How To Negotiate A Fleet Management Agreement

With the extensive menu of leasing and fleet management services available, fleet management agreements can be confusing. It is important to understand what to look for and what negotiable issues are.

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