When a company acquires an asset, or the use of an asset, whose value declines over time, that value must be appropriately reduced on the company's books. Vehicles are, without question, assets whose value decreases with use, and fleet managers must make the determination as to how quickly to reduce the original cost.
Read More →
Fleet managers have been pursuing cost savings forever. You're right. What is surprising to me is that in this era of virtual deflation for running costs (cheap gas) and the competition between outsourcing service companies as well as the street and sole-source incentives from the makers, where is one to look.
Read More →If you can imagine for a moment that a leased car is a block of ice that begins to melt as soon as it is driven out of a showroom, you are well on your way to understanding the modern concept of automobile leasing.
Read More →Ford spelled out the details of its fleet leasing assistance program for 1964.
Read More →
