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Open-End Leasing – Your Key to Business Flexibility

Leasing allows the business to pay for only the portion of the vehicles they use. This reduces the monthly payment when compared to financing a vehicle where you pay and finance 100% of the vehicle and pay tax on the total price.

Is Your EV Fleet Prepared for a Lithium-ion Battery Fire?

When compared to gasoline and hybrid vehicles, electric cars have the lowest number of fires per 100,000 sales. Electric vehicles are powered by lithium-ion batteries and EV fires are typically related to the battery. While electric vehicle fires occur less frequently, they burn longer and hotter than other fires. This is due to a chemical reaction in the battery called thermal runaway.

BEST PRACTICES – MANAGING AN EV FLEET

Electric vehicle (EV) fleet management requires a different approach compared to managing a fleet of traditional combustion engine vehicles. Here are some best practices for EV fleet management:

Managing Vehicle Lifecycles in High-Mileage Scenarios

When it comes to football, vehicle shortages and supply chain interruptions, “The best defense is a strong offense,” says a fleet manager for the Tennant Company. ‍The past year or two has been particularly challenging for fleet managers, so many are finding it necessary to employ a variety of tactics in order to stem losses, delays, or added costs.

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Maybe your company is growing and you need to expand your fleet. Maybe your vehicles are costing you too much in repair costs and need to be replaced. Well, what do you do?You could go to your bank and use your line of credit or dip into your capital reserves. Or maybe, you could just use someone else’s capital and preserve your own for growth activities.

Is your fleet operating as efficiently as possible? Do you gauge its performance against benchmarks and industry best practices? With the emergence of advanced data analysis and innovative technology within the fleet landscape, such as telematics, AI, and alternative energy sources.

Imagine a world where buying vehicles was fun and you knew you received what you wanted at a great price. Imagine a world where you felt as though you had an ally and advocate in the process who knew your needs and expectations. Imagine a world where you did not feel the information about car buying was stacked against you.

A top strategy for selling fleet vehicles starts years earlier with vehicle selection. Proper maintenance, condition, and cleanliness have a meaningful impact on resale as well.

Establishing a company culture where safety is a priority requires a conscious effort by leadership. Team managers must verify driving habits align with company policies. A plan should include triggers for corrective action related to incidents, infractions, and preventable accidents. This plan should be followed consistently.

A top strategy for selling fleet vehicles starts years earlier with vehicle selection and continues with proper maintenance. Selecting the proper options, colors, and features when acquiring vehicles yields greater returns when selling vehicles at the end of their holding periods.

The 5 Tenets of Fleet Wellness®

Is your fleet the healthiest it could be?

Take action and learn the best practices for Fleet Wellness®.

A fleet management program will dramatically improve your operating efficiencies, vehicle costs,  and driver safety.

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