From business growth objectives to personnel management, there are many important factors to consider when deciding whether to lease or buy your company’s fleet vehicles.
Access your fleet leasing vs owning summary today.
According to Automotive Fleet, 80% of companies with mid-to-large size fleets lease their vehicles, while only 20% exclusively own their vehicles. Why is leasing more popular? Let’s consider the benefits of leasing.
Preserve capital and increase financial cashflow through cost effective fleet leasing
Reduce your total cost of ownership by on average 10-15% – considering fleet expenses associated with a managed program including maintenance, accident, fuel, and financing
Upgrade your fleet to newer vehicle models independent from your capital budgeting process
As you look for efficient ways to improve cashflow and lower your fleet total cost of ownership, consider our lease versus own comparison chart to help you make an informed decision.
Leasing | Owning |
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Leasing | Owning |
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There are many companies who have decided to make the transition from buying to leasing. Here are two example success stories:
Consumer Goods client was restricted by annual CAPEX budget for vehicle replacement. By leasing with Element, they were able to preserve cash and replace ¾ of their fleet, reducing their monthly maintenance spend by 58%.
Food & Beverage client wanted to preserve cash to mitigate capital shortfalls. Element's strategic advisory team identified vehicles fit for a sale leaseback and leveraged value in those owned vehicles to create desired P&L impact and support investment needs.
Engage Element's Strategic Advisory Services to help you analyze the financial impact of leasing vs owning. If leasing is the right choice for you, consider a sale leaseback to help ease the transition. Element provides tailored fleet financing options that improve cashflow and deliver cost savings.
