What does fleet lease mean?


What does fleet lease mean?

Whether to buy or lease fleet vehicles is an age-old dilemma for business owners. Deciding upon the choice that benefits the company and its customers best isn’t always easy. In fact, it’s a difficult decision that requires additional information. However, many companies choose the fleet lease option for the many benefits and advantages it can yield. At Pfaff Leasing, we can assist your company with fleet leasing and management of that fleet. With leasing facilities in Calgary, Vancouver, and Toronto, our customers can take advantage of our vast network of connections to find them a fleet lease that suits their business needs. In this article, we share some information about what fleet leasing means. 

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What does it mean to fleet lease? 

A fleet lease is an agreement between a company and the owner of the fleet. The company pays to use the fleet of vehicles for a set period of time. It’s actually quite similar to renting a passenger vehicle as a private citizen. The biggest difference is that fleet leases generally last for a year or more, involve 2 or more vehicles, and the vehicles include passenger cars, cargo vans, light-duty trucks, and even semi-trucks.

Advantages of fleet leasing 

Business owners and their managers are keen to keep costs low and profits high. This is one of the main advantages of leasing a fleet versus buying vehicles. The initial costs are significantly lower, and maintenance, repairs, and fleet management may be included. The lessee enjoys all of the benefits of the fleet vehicles without incurring additional costs or liability, making it easier to invest in and grow their business.

Fleet management and maintenance 

With most fleet lease agreements, you’ll receive not only the fleet vehicles for your use, but also maintenance, repair, regulatory compliance, and fleet management services. This routine maintenance and fleet management helps businesses focus more on other vital operations and limit downtime.

If you are considering fleet leasing for your business and you would like to learn more about the process, we encourage you to get in touch with a Pfaff Leasing representative in Calgary, Vancouver, or Toronto.

Click here to find our contact information or speak with a representative.