Category: Fleet Finance

2021: Difficult Year for Sourcing New Trucks fleet sourcing

2021: Difficult Year for Sourcing New Trucks

2020 has been a difficult year for humans all around the globe. People and businesses have suffered socially, personally, and economically because of fear, loss, risk, and uncertainty posed by Covid-19. The world has witnessed a 180-degree shift in finance and economy globally. Every former event has been a determinant for the ones to follow. […]

How Government Fleets are Changing Acquisition Strategy During COVID-19 government fleet

How Government Fleets are Changing Acquisition Strategy During COVID-19

The COVID-19 pandemic has certainly established a new normal across the world, a state in which it’s quite hard to predict what will happen in the coming few months. However, true to the saying, “the show must go on”, the fleet industry has proven to be quite resilient in the face of the ongoing pandemic. […]

Fleet Trends Affecting Total Cost of Ownership fleet trends

Fleet Trends Affecting Total Cost of Ownership

2019 has seen the rise of both operational and fixed costs for fleet trucks. There are several reasons for this trend of rising costs in fleet ownership. The initial acquisition cost has become higher due to prices set by manufacturers, while the fuel costs are going up on account of the rise in the commodities’ […]

Rent, Lease, or Buy – That is the Question for Fleet Managers fleet truck rental

Rent, Lease, or Buy – That is the Question for Fleet Managers

As a fleet manager, you’ve likely wrestled with the decision to lease or buy your fleet. There are definitely pros and cons to each. But, what about renting? Have you ever considered renting some or all of your fleet? It’s a viable option to add to the mix. Some organizations swear by purchasing their fleet, […]

Building Your Commercial Fleet: Benefits of Renting Vs. Buying flex fleet rental

Building Your Commercial Fleet: Benefits of Renting Vs. Buying

Whatever your business, building a fleet of vehicles can be costly and take a lot of time. There are essentially three ways to go about building a fleet of vehicles. You can buy, lease, or rent them. Of course, there are pros and cons of each, and some real benefits for one over the other. […]

Fleet Maintenance and Insurance: Is it more cost effective to Own or Rent Your Fleet? fleet insurance

Fleet Maintenance and Insurance: Is it more cost effective to Own or Rent Your Fleet?

One thing fleet managers are always trying to do is to reduce fleet costs. The reason is simple: sometimes the cost of a vehicle fleet is one of the biggest expenses any company encounters. Fleet management is a delicate balance, and there are several ways to control this expense. The question becomes is it more […]

I Own 2 Bikes but I Rented a Bike 10 Times Recently. Here’s Why!

I Own 2 Bikes but I Rented a Bike 10 Times Recently. Here’s Why!

I’m a salesperson. My company rents pickup trucks and passenger vans. The objection I hear most when I make calls to potential customers is “I own my own trucks. We don’t need to rent them!” On a related note, I love to ride bikes. I personally own two. In fact, my family owns eight of […]