Buying a car in the US is becoming increasingly expensive by the day. If you want to own a new car, you will have to part with around $37,000, which explains why almost 30% of American residents consider leasing cars.
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There is no direct answer to this question. Whether a trucking company decides to own or lease its trucks depend on several factors. Their transportation needs, financial position, overall growth strategy, and so forth may inform their decision.
Topics: Fleet Management, Fleet News, Misc
As a fleet owner, having a clear fleet acquisition and disposal policy is key to ensuring you have an efficient fleet that meets your business needs at all times.
Topics: Vehicle Leasing, Misc
One of the fastest ways to ride the car of your choice is through leasing. In fact, a larger number of people in the United States of America prefer car leasing to buying new ones.
Topics: Vehicle Leasing, Misc
Yes! It can be a great idea. If you're in the market for a used vehicle, or even a new vehicle, you should consider buying a car after the lease is over. They're far more cost-effective, and they've been well maintained.
Topics: Fleet Financing, Vehicle Leasing, Misc
Most car leases available in the market have a mileage limit capped at 12,000 miles per year. The low mileage allowance translates to lower monthly payments, which most car lessees find quite affordable.
Topics: Fleet Management, Fleet Financing, Vehicle Leasing
No. When you lease a car, you'll need to buy auto insurance from an insurance company. Many lessors (the company that owns the car) will have specific requirements about the type of auto insurance you need to buy, particularly about the deductibles.
Topics: Vehicle Leasing, Misc
Yes, you can convert your car lease to finance. Most lease contracts have a buyout option that allows you to buy the car either during the lease duration or at the end.
Topics: Vehicle Leasing
The COVID-19 pandemic has plunged the global economy into a deep crisis. Businesses that rely on fleet vehicles have gone through a major shake-up, especially in terms of logistics and sales.
Topics: Fleet Safety, Fleet Management, Fleet News
If you could acquire a new vehicle after a few years, with the most advanced technology and features and an affordable monthly price, would you? Leasing helps you enjoy this luxury, but you must know the best approaches to get the most benefit.
Topics: Fleet Financing, Vehicle Leasing
