Under the agreement, Merchants will provide vehicle leasing and services to ServiceMaster’s core fleet of more than 10,000 vehicles.
The Federal Reserve announced a quarter-point interest rate reduction yesterday, its third such move this year. The target federal funds rate now stand at 1.5% after starting the year at 2.25%.
The Internal Revenue Service update of the depreciation limits for higher-priced passenger vehicles should have minimal impact on commercial leasing, fleet management company executives said.
General Motors Financial Company Inc. reported operating lease originations for the nine months ended Sept. 30, 2018 at $17.3 billion, compared to $19.6 billion for the nine months ended Sept. 30, 2017.
As part of the partnership, FleetCor will manage the back-end system processing and billing of LeasePlan’s new universal fuel card. FleetCor will also manage and provide a variety of other services for LeasePlan USA, the company stated.
There are a number of reasons that companies will sometimes consider a sale/leaseback program then leasing them back. Here are some serious implications to assess before making the decision.
Used-vehicle values have held strong this year. A strong economy and more efficient remarketing strategies are helping make 2018 a banner year for used-vehicle values.
With the labor market continuing to strengthen and economic activity rising at a solid rate, the Federal Reserve raised the Federal Funds Rate a quarter percentage point for the second time this year — putting the target for short-term rates in the 1.75 to 2% range.
In recent years, funding strategies for fleet vehicles (including both leased and financed) has been pretty straightforward. Funding rates have been low, and have remained relatively flat. Is it time to reassess?
Technological advancements, as well as regulatory changes, may change the criteria of how fleets in Europe will decide between a closed-end or open-end model.