Simplify the way you acquire and manage your fleet vehicles. From choosing the right vehicles for the job to managing title and registration, we make your fleet acquisition process easier to navigate and more efficient.

Talk to an expert to simplify your fleet acquisition strategy!

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Stay ahead with expert knowledge

Expect solutions, not roadblocks. Our seasoned teams partner with manufacturers to facilitate timely vehicle delivery, streamline complex upfitting, and tackle supply chain challenges. We’re here to keep your fleet running smoothly, no matter what.

Improve resale value with precise timing

Replace assets at the right time to maximize returns and keep your team productive. With our in-depth understanding of depreciation trends and resale markets, we help enhance your fleet’s lifecycle value. 

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Situation

The client, a regional paint store chain, managed a fleet of ½ ton and ¾ ton cargo and passenger vans, which were costly to maintain and less suited for their sales fleet needs. They needed a comprehensive strategy to reduce expenses while ensuring operational efficiency. Seeking expert guidance, they turned to Element’s Fleet Partnership Solutions Program.

Solution

Element conducted an in-depth analysis, including cost studies, usage patterns, and feedback from the client’s drivers. After evaluating multiple alternatives, the team recommended that the sales fleet downsize to hybrid sedans. These vehicles offer lower operating costs and environmental benefits without compromising functionality.

To maximize cost efficiency, Element designed a short-cycle plan to replace the existing vans. This approach capitalized on current high resale values for the vans, allowing the client to transition fleet vehicles without financial setbacks.

Impact

The results were clear and quantifiable.

  • $1.2 million saved over four years.

  • Enhanced operating cost efficiency through hybrid technologies.

  • Increased resale values for retired vans, thanks to the short-cycle strategy.

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Fleet vehicle acquisition is the process of obtaining vehicles for business needs. It involves selecting cars, trucks, or equipment to match operational goals, financial plans, and compliance requirements.

The process includes analyzing requirements, selecting and procuring vehicles, ensuring compliance with regulatory standards, and managing timely deliveries to keep operations running efficiently.

Businesses can acquire vehicles through purchasing, leasing, or renting. Each option offers unique benefits, depending on operational needs, budget constraints, and long-term goals.

Leasing offers flexibility and lower upfront costs, making it ideal for companies looking to conserve capital. Buying provides full ownership and long-term cost savings for businesses planning to keep vehicles for an extended period. Your decision depends on factors like budget, fleet usage, and operational goals.