To Lease or to Buy Vehicles – Which is Best for Your Fleet?
When it comes to acquiring new vehicles, the question of leasing or purchasing is one that gets asked every year. Is it best to purchase a vehicle, operate it for years and run it into the ground before replacing? Or, if maintenance and downtime are a concern, is a consistent replacement schedule through leasing more beneficial to the company’s bottom line?
In this video interview, Mike Martin, VP of sales – central for ARI sat down with Fleet Management Weekly to discuss important considerations to determine which acquisition method is best for fleet operations. According to Martin, cash flow, return on investment and budgetary constraints are just a few items to study when it comes to determining which option is best. Using these considerations as a basis, completing a lease vs. purchase analysis will determine the sweet spot for vehicle replacement.