Many companies have their own fleets. This can include delivery and cargo types of fleets as well as passenger vehicles for company employees to use for work-related travel.
Companies of any size will find several advantages of fleet vehicle leasing over an acquisition or purchase program. To explore these advantages and see how they can apply to a smaller local or regional company to a major global corporation, a review of the benefits is helpful.
Expenses and Budget Management
For any company, the cost of purchasing vehicles can be a very large part of the budget. Unfortunately, the larger the fleet, the more often vehicles will need to be replaced, particularly when they are high usage vehicles.
Through fleet vehicle leasing, these large purchases are avoided. Instead, the company can budget for the monthly bill for the lease service based on the number of vehicles in the fleet and the specific services in the package. When vehicles need to be replaced, they are, without any large cash outlay by the company.
Maintaining even a small fleet is a big job. In large companies, there can be hundreds of employees from fleet managers to mechanics and technicians all on staff and all working to keep vehicles on the road.
When using fleet vehicle leasing with maintenance services, the leasing provider will ensure all routine maintenance is completed on each vehicle as well as address repairs, accidents and even roadside assistance for drivers.
An effective fleet leasing service frees up your company from these types of routine and time-consuming tasks. Additionally, with dedicated professionals monitoring the status of your fleet using cutting edge technology, vehicle maintenance requirements don’t slip through the cracks, meaning longer vehicle life cycles and fewer risks of emergency repair requirements.
Think of fleet leasing services as your fleet management partner. Top leasing companies will tailor a service to meet your needs, helping to reduce costs and eliminate the headaches of in-house fleet management.