Should Damaged Vehicles Be Repaired or Replaced?
Most fleets — no matter the size or type of vehicles — have clear replacement policies for vehicles operating under normal conditions. But, there are times when the unexpected can turn these policies upside down, causing not only operational headaches, and presenting the fleet manager with the difficult decision to repair or replace the vehicle.
In this article that appeared in Vehicle Remarketing, ARI Senior Analyst Joe Korn discusses when a fleet manager should consider replacing a vehicle versus repairing it. “With the exception of extreme age/mileage, fleets will often repair the vehicle to get it operational and back on the road again to perform its intended job function,” Korn said. “Often these units are lower in age and mileage and still have some remaining service life and /or a large balance of principal to be paid down.”
To read the full article, click here.