Should You Lease Or Finance An Executive Company Vehicle?

When you’ve finally landed in an executive position there should be perks expected besides the inevitable long work hours and high stress levels. For starters, your commercial vehicle leasing options should improve dramatically when you have access to executive vehicles rather than your run of the mill choices from the fleet. However, the lease versus finance question always arises, and understanding the advantages of an executive company car lease can help you make the right decision.

When does it make sense to lease versus finance? Luxury vehicle costs can appear to be prohibitively high. Then there is the question of what constitutes a luxury car these days? It’s not simply about the name any more; many marquee brands have reasonably priced models that offer high performance and options that rival many of the traditional luxury brands. In other words, your commercial vehicle leasing options have grown when talking about executive company car leases. That’s where a good fleet lease provider can help you determine the right route to take. When examining the options for your executive company car lease, an experienced vehicle fleet provider can show you the advantage of getting the right vehicle and lease option for you.

Open ended leases, for example, provide the benefit of long-term flexibility. Such options allow you to switch out a vehicle before the end of a term. This means you don’t have to break the bank when rewarding yourself or your senior managers with a luxury company vehicle.

Understanding the Benefit of Vehicle Remarketing

You’ve got old or surplus vehicles you need to sell sitting in the yard. The problem is, you’re not exactly the type of business set up to host a “yard sale” to rid yourself of rapidly diminishing assets like unwanted vehicles. When it comes to vehicle remarketing, getting help from a professional vehicle leasing company is one of the best moves you can make to help sell your fleet by marketing it to a potential national audience.

The service list of a successful vehicle leasing company should include having vast experience remarketing vehicle fleets through national vehicle auctions. There is no more engaged audience for your fleet of expendable vehicles than the buyers who flock to vehicle auction events or participate in live nation-wide simulcasts looking for used trucks, cars and equipment. By making the auction part of their vehicle remarketing strategy your vehicle leasing company can help save your company both time and money.

The process for bringing your vehicles to auction is surprisingly easy once you decide to utilize the services of a vehicle leasing company. From guaranteed pick-up at your location to finalizing all the details and transfer of documents required to complete the sale, a professional vehicle leasing company should be able to handle every single aspect of your vehicle remarketing and vehicle disposal needs. Before you sign any contract, however, make sure the company you’re considering for your vehicle remarketing strategy has nationwide auction representation; this will ensure your for-sale vehicles will receive maximum exposure the first time through the vehicle auction process.

How a Fleet Leasing Company is Aided by Data and Machine Learning?

When managing your company’s fleet, you want it to perform at its best. You want to reduce costs and save time. Some of the best fleet management solutions provide the data you need to improve the management process and make it hassle-free. Some solutions offered by fleet leasing companies can also reduce those unwanted costs and expenses. Here are a few additional reasons why you should consider using these programs to unlock your fleet’s full potential.

Streamline Your Processes

Properly managing your fleet requires a lot of time. There are a lot of factors to consider and information to process that takes you away from what you need to do — grow your business. When utilizing management tools, many of these processes are streamlined to help you manage more effectively and efficiently. You can cut out unnecessary tasks, have the information you need in a moment’s notice, etc.

Furthermore, with the right program, you can determine ways to streamline your spending and reduce costs. Large and small fleets can be expensive but with the right tools and programs, such as the Shell Fleet Navigator Card program, you can reduce costs not only at the fuel pump but also for service, maintenance, and car washes.

View source: https://justpostarticles.com/how-a-fleet-leasing-company-is-aided-by-data-and-machine-learning/

What Are the Types of Vehicle Leasing Options for the Construction Industry?

In the construction industry, there are many vehicles and pieces of equipment available. These machines are large, powerful, and can be expensive. Additionally, they can experience a lot of wear at a fast rate depending on the type of job you are completing. Working with car leasing companies to lease vehicles for your construction company should be a priority. There are several leasing options to consider to help you make the best decision for the type of work your company completes.

Fair Market Lease

The Fair Market lease is one of the most popular. It offers you more freedom with your lease. For example, it will provide various options for the term length, how to renew the lease, if purchasing the equipment at the end of the term length is possible, etc. This lease option is ideal for pieces of machinery that are constantly used and will quickly depreciation in value. For vehicles that will need frequent repairs, are prone to damage, and are used often, a fair market lease should be heavily considered.

Wrap Lease

If you are previously leasing from car leasing companies in Canada and you decide to lease new equipment, a wrap lease is ideal. With this option, you can wrap new equipment into your current lease without a large, drawn-out process.

View source: https://www.launchora.com/story/what-are-types-of-vehicle-leasing-options-for