New Index Helps Private Fleets Integrate Flexibility And Cost Savings Into Business Operations Leveraging Proven Data Analytics
FORT LAUDERDALE (April 16, 2024)- Fleet Advantage, a leading innovator in specialty financing, fleet data analytics, fleet management services, and life cycle cost management, will be exhibiting at the National Private Truck Council’s (NPTC) 2024 Annual Conference and Exhibition(booth #1422) from April 21-23 in Orlando, Fla. Fleet Advantage is also unveiling the company’s newest data resource; the Unbundled Full-Service Lease Comparative Index (UFSLCI).
Private fleets face many challenges, including data management, navigating the largest CARB prebuy ever for truck procurement, and combating high FSL rates with questions on how to unbundle to maximize their overall transparency, flexibility and bottom line. The Fleet Advantage team will be at the conference to discuss various procurement and operational strategies and how to avoid a reactionary approach through a holistic multi-year approach that leverages data and analytics to build a fleet modernization plan encompassing all of the economics. Click here to schedule a session at the conference.
Flexibility and competitive finance options are the most effective ways to reduce truck and finance costs. Fleet Advantage’s new Unbundled Full-Service Lease Comparative Index provides calculations to help private fleets determine whether unbundling suits their operation.
In the example below for a daycab tractor operating 30,000 miles per year, an unbundled finance lease with maintenance captures savings of $50,646 compared to a full-service lease. The CPI increases are based on actual history (4.0% Cap). These amounts will differ by cab type, application, utilization, and OEM, but savings versus a traditional FSL will likely be achieved.
Private fleets today understand the importance of flexibility, but not at the expense of compromising the effectiveness of their operations. Many fleets today remain stuck in a full-service lease because they need a maintenance program. Through its new partnership with FleetNet America by Cox Automotive, Fleet Advantage can facilitate reliable fleet maintenance service offerings to private fleets that seek all the benefits of a flexible, unbundled lease structure with access to a world-class maintenance provider with a proven nationwide network.
“Today’s private fleets have many challenges to navigate through, and they need solutions that increase business agility without compromising on their operations,” said Brian Antonellis, CTP, Senior Vice President of Fleet Operations for Fleet Advantage. “As pioneers of data technology and analytic resources, we’ve helped our nation’s top private fleets lead with flexibility in mind, and our new Unbundled Full-Service Lease Comparative Index is yet another commitment to helping our partners make sound business decisions based on proven data insights.”
Click hereto schedule a consultative session at the NPTC conference.
About Fleet Advantage
Fleet Advantage is the largest independent lessor for heavy-duty Class-8 trucks and has over $3 Billion assets and over 20,000 units under its Life Cycle Cost Management program. This comprises a client portfolio of more than 50 of America’s top corporate fleets, including five (5) of the top 10 private fleets in the country. Fleet Advantage guarantees the absolute lowest cost of operation by providing fleet asset management, financing solutions, and fleet analytics, using the latest equipment technology to achieve optimum vehicle productivity and maximum safety. Our model of TCO, clean diesel, and safety-enhanced trucks with shorter life cycles complement our customers’ ESG goals. The accomplishments of Fleet Advantage and our leadership team continue to be recognized for tremendous growth and industry leadership with numerous awards, including Top Private Independent and Most Innovative Firm by the Monitor Daily, Top Software & Tech Awards, Top Women Associates in Finance, and Green Supply Chain Awards to name a few. The company has also been named to Inc. magazine’s 500|5000 list of fastest growing companies in the nation.
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