Embracing Flexibility to Optimize Your Replacement Strategy
One common challenge for nearly all vocational fleets is how to effectively cycle your vehicles. For most organizations, your approach to replacement cycling is a key pillar of your overall fleet strategy and influences virtually all aspects of your fleet operations – how long you keep a vehicle in service, capital expenditure requirements, repair versus replace decisions, how many vehicles you need to efficiently support your business, etc. As a growing number of organizations prioritize reliability and productivity in an effort to better service their customers, we’re seeing more fleets open to challenging the status quo in terms of cycling.
In a recent article with Automotive Fleet, ARI’s Mike Bryan discussed how shifts in business execution are impacting the way you develop your replacement cycling strategy. In the article, Mike shares how a mix of leasing and purchasing new vehicles can help you effectively replace units on a consistent basis to better control costs and improve reliability while staying within your annual operating budget.
“In our experience, a hybrid solution for truck replacements comprised of both leasing and purchasing assets can provide significant benefits for most organizations. For businesses who have limited capital funding for new-vehicle purchases, leasing offers a viable solution to address operational challenges while also remaining within budget,” said Mike Bryan.
Visit Automotive Fleet to read the entire article and be sure to download our complimentary whitepaper to learn more about the tools and resources you can leverage to take charge of your supply chain.