Non-profits across the country are facing increasing financial pressure due to rising inflation and shrinking budgets. Managing a fleet efficiently in this economic climate requires careful planning, cost-saving strategies, and the ability to adapt to new challenges. The good news? There are practical ways to optimize your fleet and stretch your budget further. Download our Whitepaper, 5 Budget Friendly Ways to Optimize Your Fleet, or keep reading!
Tip 1: Re-evaluate Your Leases
Many organizations are locked into leases that may no longer align with their current needs. Whether you’re driving more miles than expected, or your budget has shifted, re-evaluating your lease could offer significant savings. As an independent company, Capital Lease Group has flexibility that larger leasing companies don’t offer customers. We can help if you are concerned about your lease.
Tip 2: Make the Most of Your Current Fleet
Are your vehicles being used as efficiently as possible? Optimizing your fleet means allocating the right vehicles to the right tasks, adjusting routes, and leveraging lower-mileage vehicles for high-priority duties. Even small adjustments can lead to substantial cost savings. Contact us for help with a fleet assessment.
Tip 3: Offloading Excess Vehicles to Reduce Overhead
If your nonprofit owns more vehicles than it truly needs, selling excess assets through a wholesale network can provide immediate financial relief. We offer re-marketing services. We help you maximize the value of your vehicles by developing a customized marketing plan that reaches the right buyers and highlights the unique features and benefits of your fleet, and our experienced team handle all aspects of the transaction, from negotiating with buyers to transferring ownership.
Tip 4: Keep up With Preventative Maintenance
Unexpected repairs can quickly drain your budget. Staying ahead with a proactive maintenance plan can extend the life of your fleet and prevent costly breakdowns.
Tip 5: Unlocking Immediate Cash Flow Through Sale/Leaseback Programs
Did you know you can sell your fleet at fair market value while continuing to use the same vehicles? A sale/leaseback program allows nonprofits to free up capital while still maintaining full access to their fleet. Capital Lease Group offers a special program called the Purchase Leaseback.
The Purchase Leaseback option allows those companies that either own or lease from another source the ability to sell their fleet to Capital Lease Group at fair market value.
Some of the realized benefits of a Purchase Leaseback program are:
- Immediate Cash Flow
- The vehicle will remain in your fleet
- Choice of term and program for a new lease
- Improved Balance Sheet
Want to Learn More?
We’ve outlined the full strategies and best practices in our comprehensive Non-Profit Fleet Management Whitepaper. Download it now to explore actionable steps that can help your organization save money and optimize operations.
