Lease or Ownership?
Purchasing fleet vehicles ties up your company's cash in depreciating assets. There's an alternative way to go. Whether you choose Penske Precision Plus, Penske Precision Lease or a TEAMLease, leasing frees up working capital, while providing you with predictable transportation expenses and a possible favorable tax impact. Leasing with Penske helps your bottom line in a number of ways.
Low-cost financing.
Securing new equipment without the up-front investment and because you are leasing, monthly payments will be lower than owning.
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Maintain access to capital.
A Penske Precision Lease is an operating lease and is considered off-balance-sheet financing - contributing a positive impact of your ROA and ROI. Leased vehicles do not show up on your balance sheet as an asset and will not affect financial ratios, making it easier to keep credit options available for growing your business.
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Predictable expenses.
Because every Precision Lease includes maintenance and fleet service programs your maintenance and service fees are fixed helping you to budget your operating costs.
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Use cash more efficiently.
Avoid purchasing depreciating assets that have no return on investment and utilize cash to meet day-to-day requirements.
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Take advantage of peak sales periods profitably.
With each Precision Lease we establish rates for rental units. That way during peak and seasonal needs you have the right equipment available when you need it. Optimizing fleet size in this manner also eliminates the cost of extra vehicles. And that translates into cost savings.
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Leverage Penske's volume buying power.
Because of our volume purchasing, Penske enjoys discount pricing on items like fuel and tires. We pass these savings on to our customers.
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Tax advantages.
Lease payments are tax deductible and mitigate Alternative Minimum Tax (AMT) liability.
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Tax Exempt.
Tax exempt funding is available for government and not-for-profit organizations.
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