Fleet management refers to efforts by an expert fleet management company to organize, maintain and coordinate vehicles with the aim of upholding productivity.
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Running a construction or home services company is going to require fleet vehicles. You may need to send out dozens of your vehicles to construction sites to provide supplies or to transport workers or to deliver services. It's going to mean a major expense on your part if you decide to invest in trucks (and maybe even passenger cars).
Topics: Fleet Financing, Vehicle Leasing
Buying a vehicle is a huge commitment, whether it's for a business or an individual. The down payment and the large vehicle loan on their own could be a stopping block but what really stops people from getting a car when they need one is their credit score.
Topics: Fleet Financing
Is it better to lease a car or get a loan? The answer to that question is dependent on several factors, primarily your economic situation and how you intend to use the car. Whether you are thinking of updating a single vehicle or your entire fleet, leasing may be the better option.
Topics: Fleet Financing, Vehicle Leasing
Running a business that requires repair or deliveries in the field is going to mean a significant investment in fleet vehicles. While you perhaps want to invest in a large fleet eventually, your status as a startup may only require anywhere from one to five vehicles to start.
Topics: Fleet Management, Fleet Financing, Vehicle Leasing
Perhaps you've realized the best route to acquiring fleet vehicles in your electrical or plumbing business is to lease. While you've calculated this as the best financial plan, what other options do you have to save even more money?
Topics: Fleet Financing, Vehicle Leasing
Vehicles owned by a company and used for business purposes
- Small Business Encyclopedia
Topics: Fleet Financing, Vehicle Leasing
Why should business owners go with leasing over owning company vehicles? Buying a car means you have to pay a loan over a specified period of time, and you will have to pay this loan even if the value of the car drops below the amount on the loan. The most common scenario where this can arise happens when the car crashes.
Topics: Fleet Financing
When operating a fleet-centered business, like any business venture, your goal is to control the bottom line while providing necessary services to stay on top of the business.
Topics: Fleet Financing
There are several steps necessary to design fleet financing that is customized to your specific business requirements. To prepare for fleet financing, you must first analyze your business and your resources.
Topics: Fleet Financing
