What is fleet leasing?
Fleet leasing refers to a type of leasing where businesses obtain multiple vehicles for corporate use under a lease agreement. Fleet leasing is particularly attractive for businesses that require reliable transportation for employees, delivery of goods, or other operational needs but want to avoid the high initial costs and depreciation associated with vehicle ownership.
The benefits of fleet leasing include lower upfront costs, predictable monthly expenses, tax advantages, and the flexibility to update the fleet with newer models at the end of the lease term. Additionally, fleet leasing agreements can come with maintenance and service packages, relieving the business from the administrative burden of vehicle upkeep. This arrangement not only ensures that businesses have access to a modern, well-maintained fleet but also allows them to focus on their core operations, with the leasing company handling the complexities of fleet management.