How to Make Money Re-Leasing Your Fleet
For many business owners, re-leasing your fleet vehicles can be a great way to see high returns on your investments, clear vehicle inventory that’s no longer needed, and ultimately boost your bottom line. So how can you make the most money possible by re-leasing your fleet vehicles, and how can Quest Automotive help?
1. We Offer Solutions for Your OEM Lease
If you’ve leased fleet vehicles elsewhere and are looking to cut back on costs, we can help. We’ll buy out your lease and provide a more affordable loan payment option, or we can buy out your lease and re-lease the vehicle to you at a more affordable rate. With Quest on your side, you’ll never be stuck with a vehicle or expensive lease that no longer suits the best interests of your business.
2. Capitalize on Buy/Sell Cycles
It’s not always the right time to buy or sell a vehicle, and optimizing your selling period (in terms of when your vehicles reach their peak value and seasonality factors) will help you see the best return possible. Our team will analyze the life cycle and condition of your vehicles, and make recommendations on the best time to buy/sell in order to maximize your profits.
3. Reach More Interested Buyers
At Quest, we work with hundreds of businesses each month, many of which are looking to lease pre-owned fleet vehicles. Take advantage of our network to get your vehicles in front of more potential (and serious) buyers. Dealing with an existing lease, insurance, maintenance reports, marketing, and meeting with prospective buyers who are “just browsing” is a lot of work. We’ll help speed up the selling process and take care of the nitty-gritty details for you, so you can focus on the day-to-day demands of running a business.
Partner with Quest to maximize your fleet re-leasing profits!
Pro Tips for Successful Re-Leasing
If you think that re-leasing your fleet vehicles will be a regular part of running your business, we suggest future-proofing yourself by opting for vehicle features that will be in high demand down the road. Remember when backup cameras were a modern luxury? Fast-forward just a few years, and they’re now an essential safety tool for drivers, not to mention mandatory on several types of commercial vehicles in Canada. Set yourself up for success with these fleet re-leasing tips:
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Opt for the best safety packages possible, including driver-assist features like pre-frontal collision warning, blind-spot monitoring, emergency brake assist, 360-degree clearance sensors, and pedestrian detection.
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It’s likely that connectivity features like Apple CarPlay, Android Auto, Bluetooth, device charging ports/pads, and SiriusXM Satellite News and Navigation will continue to be a vital part of day-to-day operations for your drivers.
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Commit to regular maintenance and repairs, and keep a record of each service centre visit. Using a Fleet Telematics System is a great way to monitor vehicle health, manage the maintenance schedule of your fleet, and organize your proof of service records.
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Aesthetic features can help with the overall presentation of your fleet, so be sure to quickly repair damages, use seasonal rust-proofing services, and (if you can afford it) splurge on a few luxuries, like leather interior, heated seats and alloy wheels.
Make Quest Automotive is Your Fleet Re-Leasing Partner
Of course, you can manage the re-leasing of your fleet vehicles yourself. But you’re a busy business owner with a lot on your plate, so why not take advantage of the resources and expertise you get when you partner with a leasing centre like Quest Automotive? We have the connections and know-how to help you quickly re-lease your fleet vehicles and make the most money possible in the process.
If you’d like to learn more about the benefits of leasing and re-leasing your fleet, please don’t hesitate to contact one of our helpful team members today!
