Commercial vehicle leasing helps you optimize fleet vehicle life cycles.
There are many aspects of managing a fleet to keep it cost-effective and maintain a high level of performance. One part of this is making sure your fleet vehicle replacement cycles are optimized to keep costs low and reduce downtime. Commercial vehicle leasing helps with this in many ways. Let’s discuss how fleet leasing can help you ensure you’re replacing your vehicles at the right time.
Why Choose Commercial Vehicle Leasing?
Commercial vehicle leasing offers many benefits to your company. For one, it reduces up front costs so you can maintain cash flow for other investments. Additionally, it removes the need to resell the vehicles once you’ve reached the end of their useful life cycle.
However, one of the biggest reasons to choose commercial vehicle leasing is that it automatically optimizes your fleet vehicle replacement strategy. Leases are tailored to your company and needs, but they last a certain amount of time before you either extend the lease or get different vehicles. Therefore, there’s a set amount of time you have your vehicles without needing to make decisions about your replacement strategy.
How Leasing Optimizes Vehicle Replacement Cycles
There are many moving parts in fleet management, including deciding when best to replace or upgrade your vehicles. There are many types of strategies for vehicle replacement cycles. For instance, one is comparing repair costs to operating costs and replacing vehicles when the repair costs exceed the operating costs. Many others use fleet vehicle age and mileage to determine when to replace them. For example, replacing vehicles as soon as they reach 100,000 miles or as soon as they are five years old. Of course, this really depends on utilization and maintenance.
When you choose commercial vehicle leasing for your fleet, leasing experts determine optimal vehicle life cycles for you and create the lease terms around this calculation. This depends on many factors, like type of vehicle, average use, and maintenance programs. However, with leasing you already have a set time for replacing your vehicles so you don’t need to worry about it.
Replacing fleet vehicles before the end of their useful life cycle offers many advantages, including:
- Lower repair costs
- Better fuel economy
- Less downtime
- Access to better safety features
As technology gets better, vehicles are always improving. This means upgrading vehicles at the end of the fleet leasing term can actually save you costs over time with vehicles that are safer, more efficient, and more durable. With commercial vehicle leasing, you get all this without all the hassle of remarketing vehicles that are past their prime.
Fleet Management & Leasing Solutions from Glesby Marks
When you need solutions for your fleet, contact our team at Glesby Marks. Our transportation experts are here to help with everything you need, from commercial vehicle leasing to fleet management. We work nationwide with locations strategically placed throughout the country, so whether you need fleet leasing in Houston or need Denver fleet management tools, we are here for you. Call us now at (800) 482-9498 to get started.