Truck Fleet Asset Management
Truck Fleet Technology
Truck Fleet Leasing
Used Truck Sales
Fleet Advantage provides flexible leasing and truck lifecycle management solutions that reduce cost and improve productivity. Utilizing our truck fleet services and data analytics, we keep fleets running at maximum efficiency.
Companies look to leasing to preserve cash by using 100% Financing. However, there are numerous other benefits that provide significant advantages:
It is evident by the cash flow in this lease vs purchase analysis that there is an after-tax advantage to lease a tractor. The example presented is for a model year 2024 Daycab on a 5-year term costing $129,000, assuming 80% bonus depreciation, a resale value of 26% at the end of 5 years, a state sales tax of 6%, a 21% federal tax rate, a lease rate factor of 1.462%, and a discount rate of 6%. The discount rate is a function of the current market forces. The total cost associated with purchasing an asset includes the upfront cost of the equipment, depreciation expense, tax expense, and the resale of the asset resulting in a net present value of $90,139. The total cash outflow associated with leasing an asset are the fixed annual costs in the form of lease payments including state sales tax resulting in a net present value of $79,832. Lease is favored by $10,307.
"Through their comprehensive fleet analytics, Fleet Advantage delivered an innovative modernization plan to manage our truck lifecycles and utilization. Their commitment to perform continuous fleet monitoring and analysis is one of the leading reasons we chose Fleet Advantage. They proved to be a strong partner early on, as they remarketed our previously owned trucks in a timely fashion, which enhanced the value of the equipment."David Myers | Senior Vice President of Operations | The SYGMA Network