As the fiscal year comes to a close and the holidays loom large around the corner, it’s tempting to put off end-of-the-year responsibilities. However, getting a jump-start on your financial review can save your business tens of thousands of dollars. Companies that utilize fleet vehicles in their operations should pay careful attention during this final quarter as many are able to offset profits with commercial vehicle leases and purchases. Here’s what you should know about getting a jump start on your end-of-the-year commercial fleet vehicle purchases.
What is the End of the Year Lease Rush?
As business owners approach the end of the year, they start to plan ahead and look at making capital asset purchases in order to offset the current year’s profits. In many cases, companies wait until the final few months as they are understandably inundated with other important Q4 tasks. Each scrambles to make last minute commercial fleet purchases and inventory frequently runs dry. Low inventory and high demand for what remains inhibits business owners from maximizing profits and minimizing taxes. Whether it’s a purchase or a lease, companies can take advantage of Sec. 179 accelerated depreciation with Centennial Leasing & Sales.
Our Commercial Leasing Program
At Centennial Leasing & Sales, we’ve been helping our commercial clients buy and lease vehicles since 1984. We work with businesses of all sizes, outfitting you with the fleet vehicles you need to operate efficiently and profitably. Commercial leasing is our bread and butter and we offer exceptional service to all of our commercial fleet vehicle clients. We’ve seen the end of the year acquisition push and want to ensure our valued clients get the exact autos they need. Planning your vehicle acquisitions before December helps us source the exact autos you need.
Signing or Terminating a Lease with Centennial Leasing
Leasing commercial fleet vehicles has never been so simple. Our consultants are there to help every step of the way. We offer closed end, open end, and Terminal Rental Adjustment Clause (TRAC) leases and very attractive financing to ensure each business may acquire the lease or purchase terms they need. Your experienced consultant will negotiate manufacturer fleet incentives, offer lease vs. buy comparisons, and can arrange disposition of your underutilized fleet vehicles, saving you time and money.
In addition, we understand that fleet management often falls on the owner’s shoulders. Our Fleet Management Service is top-notch, easy to implement, and can be built out to include maintenance plans, fuel, warranties, telematics, and more.
We understand that your end of the year to-do list is already a mile long. However, with a little pre-planning, we can help you save money going into 2020 through commercial fleet vehicle acquisitions. Don’t wait — contact us for all of your end-of-year commercial fleet vehicle needs.