Fleet Financing: Thinking of Converting to Fixed Rates?
Bob Sandler, Senior Vice President, Customer Experience and Enterprise Consulting, Element Fleet Management
Interest rates have been low over the past few years. In fact, they have stayed low for so long that experts monitoring the state of the economy are predicting an impending increase in interest rates over the next few years. This has caused finance departments to wonder if they should convert their assets to fixed interest rates in order to mitigate the risk of potential increases.
READ MORE to learn four things to consider when making a decision regarding fleet financing and the move to fixed interest rates.
Shadley on Fleet Safety: ‘A Question of Liability’
By Randy Shadley, CAFM, ProFleet Solutions, LLC
Question: What do Yogurt, Yoga, and Your liability have in common?
Answer: They are all related to a California Court of Appeal ruling (Moradi v Marsh USA), where the insurance company, Marsh USA, Inc., was found to be liable for damages when one of its employees -- who regularly used her personal vehicle for company business -- was involved in a crash after work on personal time, while headed for frozen yogurt on the way to a yoga class in her personal car.
You read that right: personal car, personal time, personal errands after work, employer responsible for damages. Not for damages to the employee’s car, mind you, but damages to the third party.
Could New Technology, Changing Attitudes, Devastate Auto Industry?
Communications technology has shaken the book business to its foundations, not to mention newspapers, and automobile manufacturers might be the next industry ripe for attack.
When the global automotive industry gathers in Paris next month for the biennial car show, you will hear the usual soothing claims about how healthy the industry now is, and how it’s poised for long-term healthy growth. The trouble is there are some sinister issues festering away behind the scenes which might ambush a complacent industry.
Aligning Fleet with Corporate Strategy
One of today's frequent fleet challenges is aligning with your organization's overall corporate strategy -- around issues like sustainability, service, and productivity -- and clearly showing that your fleet is making substantial contributions.
Element Fleet Management: Transition, Then Transform
There's a lot of excitement now at Element Fleet Management -- they're taking a 'transition, then transform' approach as they focus on successfully migrating customers onto the legacy PHH platform, with a host of new opportunities to extend some already-dynamic products and services.
