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People have been asking me for a while about leasing commercial vehicles and how we scaled our fleet as we grew. Fleet is tough, its one of the biggest barriers to growth for truck based companies.
Great question and there& #39;s a lot to it, here& #39;s the start:
Great question and there& #39;s a lot to it, here& #39;s the start:
When I bought my families business we had not been growing so fleet needs were minimal.
Our business always bought used vehicles between 15-20k and put them on the road. They ended up being maintenance heavy and we would ride them until they died.
So they looked terrible.
Our business always bought used vehicles between 15-20k and put them on the road. They ended up being maintenance heavy and we would ride them until they died.
So they looked terrible.
In 2018 I bought another company and we merged. That company also bought used and rode til they died.
The end result was we had to make a ton of capex in a short period of time to have a usable fleet. We probably had 15-18 or so vehicles at this time.
The end result was we had to make a ton of capex in a short period of time to have a usable fleet. We probably had 15-18 or so vehicles at this time.
I began looking at buying the vehicles outright and we discovered we needed 7-10 almost immediately.
I didnt want the debt on the balance sheet.
I didnt want to buy used vehicles and end up in the same place.
I wanted to solve a big problem, not delay it.
I didnt want the debt on the balance sheet.
I didnt want to buy used vehicles and end up in the same place.
I wanted to solve a big problem, not delay it.
My goal was to create an "easy button".
I wanted to be able to send an email and within two weeks have a brand new truck wrapped, shelved and inventoried on my lot.
I wanted quick turnaround for when we hired.
I wanted to be able to send an email and within two weeks have a brand new truck wrapped, shelved and inventoried on my lot.
I wanted quick turnaround for when we hired.
Once I had a vision for what I wanted and didnt want, leasing was the obvious choice.
Brand new vehicles: looks great to customers, works great for recruiting techs, no maintenance, easy vehicle onboarding and management.
We got what we needed out of it.
Brand new vehicles: looks great to customers, works great for recruiting techs, no maintenance, easy vehicle onboarding and management.
We got what we needed out of it.
We used Enterprise and I recommend. If you want a connection to them, drop a DM. I& #39;ll link you up with our team.
If you want even more info on this, we just dropped a pod that we deep dove into this subject. https://open.spotify.com/episode/0W6g6KIgaMVggIP1F2SKbe?si=3HUktLAMQFebtlmrISojUA">https://open.spotify.com/episode/0...
If you want even more info on this, we just dropped a pod that we deep dove into this subject. https://open.spotify.com/episode/0W6g6KIgaMVggIP1F2SKbe?si=3HUktLAMQFebtlmrISojUA">https://open.spotify.com/episode/0...
