The Most Important Questions You Should Consider About Commercial Fleet Financing

fleet truck leasing

Renting or buying a vehicle fleet for your business can be costly, so you might need some financial backing. Before committing to such a decision, however, it’s a good idea to know how to ask the right questions and get informed:

  1. How much will your fleet cost in the long run? Commercial vehicles still need good maintenance and care, as well as purchases like oil, fuel and antifreeze. Before opting for commercial fleet truck leasing offers, consider asking the service you rent or buy from who will pay for what, and then calculate your budget based on their answers to compare fleet services and establish your financing needs.
  2. How often should you expect vehicles to break down? It’s not just about accidents but also about situations when an engine breaks down completely due to overuse, or the steering system of a vehicle becomes unusable. While in some cases the problem can be fixed – albeit with a sizable additional expense – you have to consider the types of vehicles you invest in, how much they’ll cost and what are the risks of them breaking down after as little as 6 months to a year of ownership.
  3. In what way is the bank or financial institution you use for financing your fleet vehicles better than other firms? It’s well-known that all financial institutions will want you to get your loans from them, but can they back up their claims with real facts and evidence? It’s important to ask as many questions as possible and do a lot of digging before you accept any financing offer.

Most Popular Commercial Fleet Vehicles

Commercial vehicles used to be, until recently, some of the biggest polluters. However, due to the very strict emission they transformed into environmentally-friendly vehicles even if a significant number of them are still diesel.

New commercial vehicles are now designed to have lower capacity but higher efficiency, which makes them very economic in use. Commercial vehicle segment is nowadays one of the most dynamic parts of the automotive market. Every business owner can find cars that perfectly fit their needs.

truck leasing companies in Colorado

You can look at popular truck leasing companies in Colorado to find a leasing program that works best for you and your company.

Read on about some of the most popular commercial fleet vehicles.

Ford F-150

It has a towing rating of 12,200 lbs, and offers several smart tow features (a productivity screen with information, a smart trailer tow connector, a dynamic hitch assist etc.)

Toyota Tacoma or Toyota Tundra

These are both top-sellig trucks with features like rear remote reservoirs, heavy-duty floor mats, vinyl-trimmed bench seat, a wide-angle backup camera and more.

Mercedes-Benz Sprinter

It can be a passenger, crew and cargo van, as well as a cab chassis. The possibility to configure this car according to your business needs makes it valuable, not to mention that it help owners make significant fuel economies.

Ford Transit

This is one of the best-selling commercial vans and comes in passenger and cargo van models, each with three body lengths and three roof heights, as well as single and dual-rear wheel modes.

Driving Safety Tips

travel tips from commercial truck leasing companies

The safety of car/truck drivers, passengers and other traffic participants is directly related to drivers` education and experience. To prevent accidents, here are some tips from well known commercial truck leasing companies.

  • Use the seat belt

The safety belt should be worn by drivers and passengers alike, as long as the car moves. In case of a potential impact, it can save lives.

  • Maintain visibility

Make sure all the mirrors are properly positioned so that you have visibility from all angles. Make sure there is enough windshield washer fluid in the special recipient to allow you to use wipers and clean the windscreen anytime it is necessary.

  • Have the required accessories

Most car accessories are optional, but there are a few that you must have: a first aid kit, a fire extinguisher and reflective triangles. Keep these in your trunk all the time.

  • Focus on the road

Avoid the things that distract your attention while driving. Do not use your mobile phone except in emergency situations, do not listen to loud music and do not allow the other passengers to disturb you.

  • Use the signal lights

Those lights are there for a very good reason. Signaling your intentions is very important to avoid car collisions.

  • Ensure that you always comply with the legislation and that you are up to date with any changes.

Tips for Saving Money on Fleet Car Leasing

Leasing the car fleet is a financially sound decision for many companies – in many cases, leasing their vehicles, rather than owning them is cheaper and a solution that allows them to focus more on their core business.

work truck lease

While a leased fleet can be a great money saver in itself, making smart choices in terms of fleet composition and funding will allow you to reduce your costs even further – here are a few tips for you:

  • Review your funding – whenever you renew your work truck lease contract, review the financial aspects. Try to be a tough negotiator – leasing companies can be convinced to give you better conditions;
  • Pick cars with great MPG and CO2 levels;
  • Choose your vehicles based on whole-life costs – be very careful when you calculate how much your leased vehicles will actually cost you and include all the cost types that might come up during the time that you use the vehicles;
  • Train your drivers in efficient driving – fuel costs represent a significant part of your fleet related costs. You might have excellent, responsible and reliable drivers, but they might benefit from trainings that teach them how to use their corporate cars more efficiently in any traffic and on any road conditions.

The Must-Have Corporate Car Accessories for 2019 – What Should You Look for?

Car accessories have become very popular in recent years. Most car owners will not be content to just use their cars as a means to get to their destinations. In most cases, cars have become an object of practical appeal, fashion, comfort and even entertainment, with accessories like stylish car seat covers, convenient organizers and comfortable steering wheel covers scoring high marks when being reviewed by most buyers

commercial truck leasing companies
Group of trucks parked on the grass outdoors.

Corporate accessories have to do with corporate cars. While your personal car might be more customized to your own needs, corporate cars usually have to be more practical and general, being used by multiple employees or managers, and often requiring better tech as well, when compared to a personal car.

Car chargers, key finders and GPS devices are a must for most luxury corporate commercial truck leasing companies. You have to be able to have at least a minimum level of luxury and comfort, and items like the GPS and key finders can also be extremely practical. If you’re looking for something more, you can also consider lesser known accessories that have also become very trendy in 2018, and are expected to keep their popularity all through next year. Some of these include dash-mounted cameras, glass cleaners, enhanced jumper cables, rain repellent, mounts for your smartphone and car vacuums as well.