The following is a recap of Steven Dickey's talk at our Q1 2023 Customer Roundtable Alternatives to Vehicle Ownership (watch the full recording). Steven Dickey is a Senior Fleet Consultant for Selig Leasing.
If your local trade or service fleet is struggling to find vehicles to purchase, it may be time to consider an alternative—leasing.
In this blog post, we have extracted valuable insights from Steven Dickey of Selig Leasing, who spoke at our Q1 2023 Customer Roundtable. He focused on the advantages of leasing and its potential to revolutionize your fleet management approach.
The Advantage of Leasing
Leasing vehicles has many advantages, including improved cash flow, tax benefits, and access to newer, safer vehicles. It can also help reduce maintenance and repair costs because you rely on newer vehicles.
Another often overlooked advantage is how a newer vehicle can affect employee morale and retention. Few employees want to be seen in beat-up, broken-down, and disorganized work vehicles. Newer, well-maintained vehicles can also have a direct impact on brand image.
Who is Selig Leasing?
Selig Leasing is a full-service leasing company offering customers turnkey solutions, including upfits and graphics. Their flexible terms start with 12-month leases, and when leasing, there is no impact on your personal or business credit score. They can also provide access to alternative funding solutions.
Through their strategic partnerships, Selig can help source vehicles for your fleet. In addition, they'll collaborate with dealership partners to ensure you receive fleet rebates as well.
When leasing with Selig, you'll lease vehicles down to 20% of their value, known as the residual price. You retain full ownership and equity in the vehicle, with no mileage limits or wear and tear penalties.
If you need help, Selig will also assist with selling vehicles at the end of the lease and even offer optional maintenance programs.
The Financial Benefits of Leasing
The financial benefits of leasing are numerous. First, you'll experience increased cash flow and equity opportunities at the end of the lease, giving you the option to reinvest that money in new vehicles or future expansion.
Selig also offers a cash infusion program where they can buy your entire fleet and lease it back to you for business expansion. Plus, you'll enjoy tax advantages, paying tax only on lease payments, not the full purchase price.
Leasing vehicles for your fleet is like solving a puzzle - when you put all the pieces together, it works. With the help of Selig Leasing, you can unlock the numerous benefits of leasing and improve your business's bottom line. It's time to consider leasing as an alternative to buying for your fleet!
