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The Los Angeles Police Department is leasing its 100 BMW i3 battery-electric hatchbacks through a local BMW dealership, following a competitive bidding process that didn't include Tesla Motors, even though the department tested the Model S as a possible police vehicle.
Read More →The USPS stated it's interested in leasing, with the option to buy, minivans, cargo vans, and high-roof cargo vans for a maximum of three years.
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Choosing between the two types of commercial leases involves understanding your fleet driving patterns, your internal fleet management capabilities, and your appetite for risk.
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For many fleet managers, the closed-end lease means everything is “fixed.” However, this isn’t always the case.
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Not only will the market share for the closed-end lease grow, but so will its impact on fleet. A desire for predictable budgeted payments and fewer surprises at resale has prompted a renewed interest in the closed-end lease.
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Deciding whether to lease or own company-provided vehicles can seem a daunting task. Knowing the basic concepts helps.
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