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One of the major decisions every fleet has to make is whether to purchase their vehicles or lease them. Rising prices for new trucks are a significant consideration. According to a FleetOwner article late last year, “With new technologies and OEM costs, a 2027 EPA-compliant tractor may cost between 10% and 12% more than its predecessors.” Contact Vanguard Truck Leasing to discuss what is the right move for your company. If it isn't Leasing with us we can help connect you with Vanguard Truck Centers to purchase a new or used truck that meets your needs. https://lnkd.in/ezyA5wbV

Whether you are a seasoned truck driver looking to update your leasing agreement or a newcomer to the industry navigating the world of commercial trucking, this article aims to provide valuable insights and guidance. LEARN MORE HERE: https://lnkd.in/gjDkS46s #LabworksUSABlog #TruckDriverLeasing

🚗 Just stumbled upon an intriguing article on car haulers - full of fascinating industry revelations! Here's a glimpse of what caught my eye: - Five auto carriers possibly merging, hinting at big industry shifts ahead. - DHL Supply Chain using tech to boost operations at Manheim Logistics, highlighting the power of innovation in logistics. - Volvo Trucks North America unveiling the Volvo Auto Hauler, a specialized game-changer for auto transport. - FMCSA offering an exemption for stinger-steered auto haulers, showcasing regulatory adaptations in action. - United Road Services changing hands with Carlyle Group, illustrating strategic acquisitions in the vehicle hauling sector. 🌟 Metaphor for learning: The car hauling industry resembles a road trip, navigating through diverse terrains of regulations, acquisitions, and technological advancements. Excited to dive deeper into the dynamic world of car haulers! Let's chat about these industry dynamics. 🚛💬 https://lnkd.in/eNwghKNt

5 Significant Trends That Favor Full-Service Leasing If you own or manage a private fleet of trucks, then 2024 and 2025 will be pivotal years. Interest rates are high, equipment costs have soared, the used truck market has pivoted (for the worse), parts availability is still tough, hiring and keeping technicians is difficult and engine emission standards continue to tighten driving equipment costs even higher. 5 Trends + One 1. Increasing truck costs - labor, materials and emissions requirements. 2. Uncertain used truck prices - residual values. 3. Hiring, training technicians and tooling shops. 4. Truck technology changes and advancements. 5. The total cost of ownership. 6. Bonus Trend - elevated interest rates. Questions You Must Answer 1. How are these trends impacting your business? 2. What are you doing to respond? 3. How and what can you do to take advantage of a PacLease - PACCAR Leasing Company full-service lease to mitigate these trends. Let PacLease - PACCAR Leasing Company help you mitigate these trends with a full-service lease utilizing Kenworth Truck Co. equipment. We've helped customers around the globe navigate the headwinds facing fleets. Let us help you with a customized truck and lease, specifically designed for your needs. #paclease #kenworth #fullservicelease

In today’s fast-paced transportation industry, minimizing downtime is crucial for productivity and cost control. Discover how remote vehicle diagnostics from Penske Truck Leasing can give fleets managers better insights and control. Learn more ▶ https://bit.ly/4bZlRjh #fleetmanagement #remotediagnostics #vehiclemaintenance #penske #trucking

🚚 GPEX Transport - Your Guide to Buying Your First Truck As a Owner Operator 🚚 Your first truck is a milestone in your owner-operator career and your biggest initial investment. Choosing the right truck shapes your long-term success. Here’s how to make the best decision! 🔍 Key Considerations: Budget: Research prices and allocate your budget wisely. Compare leasing vs. purchasing. Consider your trailer type, cargo, and operating range (local, regional, or OTR). Condition: Aim for a truck with a flawless maintenance record. Have a trusted mechanic inspect potential purchases. Higher upfront costs often mean fewer maintenance issues. Age and Mileage: Avoid trucks over five years old or with more than 600,000 miles. Newer models may cost more but offer longer worry-free operation. Dealerships: Choose reputable dealerships with fitting payment options. Expect to spend $1,000 to $15,000 for a down payment and $80,000 to $160,000 overall. Needs-Based Approach: Decide on cargo type and operating range to narrow choices. Consider fuel efficiency, weight limits, and sleeper berth size.

Auto Finance News reports that "despite challenges facing the lease market for credit unions, CULA grew its footprint in 2023." CULA's Mark Chandler spoke with Amanda Harris for this article, explaining: "CULA is working to grow its leasing volume across several automakers….opening the door to add more dealerships...” Read on for more: https://lnkd.in/gE9KTbNn #CreditUnions #VehicleLeasing #cardealers #LendingSolutions #AutoLending #autoindustry #AutoFinance #automotive #cars

You should definitely 100% let drivers participate in your full-service lease acquisition strategy 👇 The 2️⃣ keys are getting their buy in and involvement: ⬇ Here are 3️⃣ ways: 👇 1️⃣ Let them participate in the spec process with PacLease - PACCAR Leasing Company (involvement & buy-in) ✔ ✔ ▶ Drivers are in the trucks all day. It's what they do. Would you change any process in your business without input from the people who actually perform the process? Then why would you spec trucks for drivers without getting their input? 2️⃣ Let them demo the truck from a PacLease - PACCAR Leasing Company location. (involvement & Buy-in) ✔ ✔ ▶ Would you lease or purchase any asset that you haven't tried? Let the drivers see and feel how the truck operates in real time. This will provide "feedback" - which you need and makes them part of the decision. 3️⃣ Get them to an OEM Kenworth Truck Co. plant tour. (involvement & buy-in) ✔ ✔ ▶ This enables them to see the quality of the product and what actually goes into producing the Kenworth Truck Co. 🗝 Now your drivers are part of the solution and will buy-in to the decision. How would these three steps mitigate any problems with your full-service leasing strategy ❓ 💯 This is a great way to involve / engage your drivers in the fleet acquisition strategy. Make them part of the process not a bystander to it. #kenworth #paclease #fullservicelease

Consolidation is the next big thing in the auto transport business.

Look no further for your fleet. 👀 Investing in a new vehicle or fleet of vehicles is a major decision for any business. Our experienced dealer sales team are here to advise you on all aspects of your truck purchase, from chassis and body specification through to finance options and maintenance contracts. 🌐 Visit our website through the link in the 'About' section of our page for further info! #isuzutruck #truckdriver #fleetmanagement #fleet