LEASE VS OWNERSHIP
Choosing between leasing or owning your transportation fleet can be a complex decision. The hardest part is often pinpointing and calculating the true costs of ownership for a meaningful evaluation. Likewise, assessing the numerous operational and financial benefits of a full-service lease program can be equally challenging.
Kinnie-Annex provides the resources to assist you in this evaluation process, ensuring you make the right choice for your company.
DIFFICULT TO IDENTIFY
-
Vehicle Procurement Process: Equipment Evaluation; Spec'ing; Financing; Acquisition
-
Opportunity Cost of Capital & Reduction in Available Lines of Credit.
-
Vehicle Legalization Cost; State Sales Tax; Licensing; Federal Highway Use Tax (FHUT); Fuel Permits; Ad Valorem/Personal Property Tax; State Inspections; Fines/ Penalties, ext.
-
Administrative Cost: Fuel Tax Reporting; Licensing, Taxes, Permits Processing; Maintenance & Repair Invoice Approval & Account Payable s Processing; etc.
-
Scheduled Preventive Maintenance Costs.
-
Unscheduled Repair Cost: Engine/Powertrain; Component Replacement; Wear Items.
-
Tires.
-
Ever-increasing Parts & Labor Costs.
-
Catastrophic Repair Cost Risk.
-
Emergency Road Service/ Breakdown Repair Cost.
-
Towing.
-
Replacement Vehicle "Sub" Cost.
-
Vehicle Washing.
-
Owned Garage Expenses (if applicable).
-
Vehicle Disposal Costs.
-
Impact of Increased Downtime on Your Customer Service.
-
RISK