Wheels Vehicle Leasing for Fleet Managers and Business Owners

Wheels vehicle leasing is a popular option for fleet managers and business owners who need a reliable and affordable way to manage their company's vehicles.

With a wheels vehicle leasing program, you can choose from a wide range of vehicles to suit your business needs, including cars, vans, and trucks.

Leasing a vehicle can provide significant tax benefits, as the lease payments are often fully deductible as a business expense.

By leasing a vehicle, you can also avoid the upfront costs of purchasing a vehicle, such as down payments and trade-in fees.

Leasing terms can be tailored to fit your business needs, with options for short-term and long-term leases available.

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Leasing a vehicle can be a cost-effective alternative to buying, with monthly payments often lower than loan payments.

You can choose from various lease terms, typically ranging from 24 to 60 months, depending on your needs and budget.

Lease agreements usually come with mileage limits, such as 10,000 to 15,000 miles per year, and excessive mileage can incur additional fees.

Some leases may also include wear and tear fees, which can range from $200 to $500 or more.

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Wheels offers both open-end and closed-end vehicle leasing options to ensure you get the financing package that works best for your fleet.

Our financial consultants will discuss various packages and terms to help you devise the most advantageous leasing approach for your business. This personalized approach helps you make informed decisions about your fleet's financial future.

We provide a range of financial reports and dashboards that you can view, export, and share whenever necessary. This transparency helps you stay on top of your fleet's finances and make adjustments as needed.

Wheels leverages its financial strength to provide funding solutions that are extremely competitive among fleet financiers. This means you can get the best rates for your fleet, without breaking the bank.

We offer a floating rate methodology that accurately reflects market conditions through multiple credit cycles. This self-adjusting rate structure ensures you're always paying a fair price for your fleet's financing.

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In addition to floating rates, we also offer a fixed rate option based on corporate bond rates. This provides stability and predictability for your fleet's financial planning.

Wheels works with you to perform detailed analyses of the implications of an open versus closed-end lease. This analysis helps you determine the right approach for your fleet and its individual segments, giving you confidence in your financial decisions.

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Flexible open-end leases are a popular choice for companies with a high turnover of tools. Around 97% of fleet leases in North America are open-ended in nature.

This type of lease offers no maximum term, no mileage overages, and no penalties for excess wear and tear. It's also the tax-favorable option, as compared to ownership.

You pay tax on what you use, not the full cost of the vehicle, which can save you money. In states that collect sales tax on the monthly lease payment, this can be a significant advantage.

One hallmark trait of open-end leasing is that the payment amount decreases each month to correspond with the declining book value of the vehicle. This can help you budget more accurately.

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Yield Management is a smart way to boost your sales by linking your rates to your capacity. This means that Wheels will automatically adjust your rates to ensure you're getting the most out of your fleet.

By doing this, you can increase your revenue and make the most of your fleet's utilization. For example, you can automatically switch certain segments to on-request or stop-sell them when utilization is high.

This flexibility is especially useful when you need to adapt to changing market conditions or unexpected spikes in demand.

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Leasing can provide a tax-favorable option, as compared to ownership, with the majority of states collecting sales tax on the monthly lease payment over the term of the lease.

Around 97% of fleet leases in North America are open-ended in nature, offering no maximum term, no mileage overages, and no penalties for excess wear and tear.

One hallmark trait of open-end leasing is that the payment amount decreases each month to correspond with the declining book value of the vehicle.

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Leasing allows you to pay tax on what you use, not the full cost of the vehicle in states that collect sales tax on the monthly lease payment.

Wheels offers a unique funding approach that provides rate structures that are transparent and reflective of market rates.

Our floating rate methodology is self-adjusting in nature and closely reflects the market for corporate borrowing spreads over time.

This funding approach has proven to accurately reflect market conditions through multiple credit cycles.

You can also opt for a fixed rate option based on corporate bond rates, which leverages Wheels' strong borrowing capabilities and is easily verifiable using public sources.

By working with Wheels, you'll have the confidence that you've determined the right approach for your fleet and its individual segments.

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Fleet management is a crucial aspect of running a successful business, and Wheels vehicle leasing has got you covered. With their Standard Leasing Package, you'll have access to award-winning tech tools and strategic services.

You'll get strategic support resources, including performance management models with ongoing reviews. This will help you stay on top of your fleet's performance and make data-driven decisions.

Here are some of the key fleet management tools you'll get with Wheels leasing:

These tools will help you manage your fleet efficiently and make the most of your vehicle leasing experience.

Fleet management tools are designed to deliver impact by streamlining complex fleet management processes. Our tools offer easy-to-use solutions that optimize your fleet.

You can power decision-making with sophisticated reporting and analytics tools, which provide valuable insights to inform your fleet management strategy. This can help you make data-driven decisions and improve overall fleet efficiency.

Maximizing productivity is another key benefit of our fleet management tools. Intuitive mobile apps enable your team to stay connected and on-task, even when they're on the go. This can help reduce downtime and increase overall productivity.

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Our innovative gamification platform is another tool in your arsenal. It can help engage your organization and encourage a culture of safety and responsibility.

Here are some key features of our fleet management tools:

The Donlen 2021 Sustainability Benchmark is a telling indicator of the growing importance of environmental sustainability in modern fleet management. The number of corporate social responsibility programs to incorporate environmental sustainability is on the rise across North America.

Many fleets are now prioritizing sustainability, and for good reason - it's a key aspect of doing business in the 21st century. In fact, the number of corporate social responsibility programs is growing.

Companies are recognizing the value of going green, and it's not just about reducing their carbon footprint - it's also about saving money and improving their reputation. The benefits of sustainability are numerous, and fleets are taking notice.

The Donlen 2021 Sustainability Benchmark provides valuable insights into the state of sustainability in modern fleets. It's a must-read for anyone looking to stay ahead of the curve in fleet management.

Leasing packages can be tailored to suit individual needs, with options ranging from 24 to 60 months.

The most popular leasing package is the 36-month lease, which offers a good balance between monthly payments and overall cost.

This leasing package typically includes a mileage limit of 12,000 miles per year, with an excess mileage charge of $0.25 per mile for each mile driven beyond the limit.

Our Standard Leasing Package Includes Award-Winning Tech Tools and Services. This package is designed to make fleet management a breeze.

Strategic support resources are available to help you navigate the day-to-day operations of your fleet. This includes ongoing performance reviews to ensure you're on track.

You'll have access to web-based selector development and ordering tools, which come with expert counsel to help you choose the right vehicle for your needs.

FleetView and DriverView are online tools that provide reporting and transactional capabilities, with easy exporting of data and mobile apps. This makes it easy to stay on top of your fleet's performance.

Customized reporting resources are also included, allowing you to generate custom queries and reports from Wheels' Client Analytics team. This helps you get the insights you need to make informed decisions.

EcoWheels sustainability consultation is also part of the package, providing fleet environmental performance metrics to help you implement sustainability goals into your program.

Here are some of the key features of our Standard Leasing Package:

The pricing module in Wheels Car Rental is quite impressive, allowing you to support a wide range of car rental pricing elements.

You can import the majority of rate elements via Microsoft Excel spreadsheets, which makes it easy to keep your pricing up-to-date.

Rental & Mileage, Delivery / Collection / One-way / Out of hours, Surcharges, and Promotions including free items are all supported pricing elements.

These elements can be instantly applied to all your sales channels, including XML, websites, and portals.

This means you can easily manage your pricing across all platforms with minimal effort.

Industry-specific leasing is a game-changer for businesses with unique needs.

The construction industry, for example, requires vehicles that can withstand harsh environments and heavy use.

Fleet managers in this sector often opt for trucks with specialized equipment, such as cranes or dump beds, which are more expensive to purchase outright.

Leasing these vehicles can provide a cost-effective solution, allowing construction companies to upgrade their fleets regularly and stay up-to-date with the latest technology.

The transportation industry, on the other hand, requires vehicles that are fuel-efficient and have a long lifespan.

Companies in this sector often lease vans or buses that can carry large groups of people, such as tour operators or school districts.

Leasing these vehicles can help transportation companies reduce their operating costs and minimize their carbon footprint.

The medical industry also benefits from industry-specific leasing, particularly for vehicles used in home healthcare or medical transportation.

These vehicles often require specialized equipment, such as wheelchair lifts or medical supplies, which can be expensive to purchase and maintain.

Leasing these vehicles can provide medical companies with access to the equipment they need without breaking the bank.

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If you're looking to streamline your fleet management processes, you're in luck. Our fleet management tools are designed to deliver real impact, maximizing efficiency, productivity, and safety.

With our sophisticated reporting and analytics tools, you'll be able to power decision-making and make data-driven choices. These tools provide actionable insights to help you optimize your fleet.

Our intuitive mobile apps are designed to maximize productivity, allowing you to stay connected and on top of things no matter where you are. This means you can focus on what really matters – running your business.

Our innovative gamification platform is a great way to engage your organization and encourage a culture of safety and efficiency. By making fleet management a team effort, you can achieve more together.

Here are some of the key features of our fleet management tools: