How to Buy and Lease Fleet Cars

So your business is in need of a fleet of vehicles. Business is business, and you want to make sure you're getting a good deal and that there is little hassle involved. Well, not to worry: leasing fleet vehicles is easier than ever and can be done with very little time and effort.

Instructions

How to Buy or Lease Fleet vehicles

1

Get in touch with the manufacturer. A lot of times manufacturers will have their own internal fleet department to handle these types of deals. This would apply best for larger corporations instead of small business owners.

2

Call and ask for the "Fleet Department" at your local dealership. Nowadays, most dealerships will have a fleet department to help out small businesses that are in need of multiple vehicles. These departments specialize in volume unit purchases and can answer most questions that you will have.

3

Investigate leasing versus purchasing your vehicles. When you lease a vehicle, you're paying for a fixed term of use whereas purchasing a vehicle gives you an unlimited term of use but requires more money. Investigate different types of leases. You could choose an operating lease that lets you deduct all of your lease payments; a capital lease lets you depreciate the vehicles over time and deduct the interest on the loan payments.

4

Ask about volume discounts. Some manufacturers will give you an even bigger discount if you lease or purchase 50 or more vehicles. This varies between companies but again ask your sales representative if they have such discounts.

5

Get all of your paperwork in order. You will need your tax I.D. number, your business license and most likely a commercial insurance policy for your vehicles. Ask the salesperson you are dealing if there is any additional paperwork they will need to complete the process.

6

Have delivery in mind when finalizing your new fleet lease or purchase. If you are planning on buying a larger group of vehicles for your business, plan on having a car carrier deliver your vehicles to your office or work site. Ask what costs are involved for this or if this can be provided as a free service from your dealer.

7

Have all the paperwork signed and returned to the dealer. Make sure you double and triple check the Vehicle Identification Numbers on all the vehicles you acquire, especially if it's a large amount. A lot with 30 cars that all have the same color can easily get confusing, and not having a vehicle with the correct VIN will cause problems later with insurance and the DMV.