Fleet leasing is a common practice among successful businesses, particularly those that rely heavily on transportation for their operations. Nevertheless, many misconceptions surrounding fleet leasing still abound. In today’s blog post, the team at Capital Lease Group is here to debunk four of the most common myths about fleet leasing and provide clarity for those considering our fleet leasing and management services. Learn the truth below!
Myth 1: Fleet Leasing Always Costs More Than Buying
Buying a fleet outright can seem like a good financial move for many businesses. However, this ignores many of the factors that you need to take into account with fleet management, including vehicle life cycles and acquisition costs. With leasing, you’ll be able to spread your costs over a longer period rather than pay a lump sum upfront. Additionally, with fleet leasing, expenses like fleet maintenance and repairs are included in the contract, meaning that you won’t have to worry about budgeting separately for these expenses.
Myth 2: Leased Vehicles Are Always Low-Quality
This is perhaps the most outdated and untrue of the common myths surrounding fleet leasing. In reality, leased vehicles can be as high-end as the manufacturer and dealer offer, and more often than not, you’ll be able to access state-of-the-art vehicles, customized to your specific industry. Capital Lease Group offers a wide selection of makes and models to provide our clients with the latest and most reliable vehicle options.
Myth 3: You’ll Be Locked into a Long-Term Contract
This isn’t entirely true. While there are certain lease terms you must abide by, vehicle lease agreements are fluid and can be altered to adapt to your changing business needs. For example, if your business shifts course and you need more or fewer vehicles, it’s possible to rework your lease agreements. At Capital Lease Group, we offer both open-end and closed-end fleet leasing options that you can take advantage of today.
Myth 4: Fleet Leasing Is Too Complex and Time-Consuming
Fleet leasing might be a hassle if you were handling it on your own, but that’s what we’re here for! We tailor our fleet leasing and management services to your exact needs, and our team of experts can help you navigate the varying complexities of the process. This can save you a lot of time and energy that you can channel into other areas of your business.
Now that you know the truth about fleet leasing, what are you waiting for? Contact Capital Lease Group today and discover how we can amplify the effectiveness of your business!
