Welcome to the Franchising and Real Estate Second Life Method Podcast.I'm your host, Kelly Maxwell.
Join us here each week as we discuss the revolutionary new investment method that teaches you how to become financially free, to rise to your highest potential, and live your second life. You're back for more.
Leasing your commercial fleet, an intelligent use of financing.Now, you may be asking yourself, Kelly, are company vehicles really an important enough topic to be discussing on a podcast about franchising and real estate?
I think you'll know the answer to that question by the end of this episode.Okay, some of the financial benefits of leasing commercial vehicles for your company might surprise you.
And I'll show you how having a company fleet can actually increase the value of your business.How about that?And help you recruit the best people and help keep them long term.So if you have company vehicles currently, then listen up.
If you might have them soon, listen up as well.
As this is a franchising and real estate podcast, if you have a franchised service business, for example, where you do service around town, you have vehicles that drive around, perhaps you consider advice about your vehicle fleets for your franchise business, okay?
Now, if you own and manage, say, income properties, on the other hand,
and you're doing kind of a similar thing and driving around town, you got maintenance team who, you know, they drive from property to property and you want them to ride around in style or at least just not around in a bag of bolts like an old beat-up Chevy S10 or something that's rusted all the way through to the frame, you know, and that doesn't really reflect well on your brand when your brand name is there on the side of the vehicle, okay?
So consider getting yourself a corporate fleet of nice, presentable vehicles, okay?And we're gonna talk about the benefits of doing that today.
So we're gonna talk a little bit about the history and importance of commercial vehicle fleets, reasons for having a fleet for your own business, and I'll break down the basics of commercial lease scenario from the front end of the dealership so you guys don't get into, first of all, don't get into any toxic leases, and you can maximize your tax deductions and bang down the dealership's door and get yourself a lease and do this
Right.Okay.So when I was a kid, my parents worked for the state of Alaska department of transportation as engineers.They did road construction.Basically, they built highways, runways at airports, bridges.Um,
all over Alaska and they always drove nice company trucks on most of these very remote projects out in the middle of nowhere.So the road construction work these people do out in remote Alaska is very hard work, okay?
Cold weather conditions, freezing Alaskan conditions, okay?Sometimes animals like moose and bear
We'll just walk right up on the road or the job as it's called So if they're out building the highway like bears will just come out of the woods and stuff and just wander right up onto the highway Not uncommon at all to encounter wildlife and my dad was an inspector
So he manned his clipboard and kind of had his project plans.
My mom was also an inspector, but her specialty was in taking samples of the road and putting them in a nuclear oven, so to speak, to measure the amount of hydrogen in the asphalt, documenting the results.
to test the road before the public would begin to drive on it and for it to become serviceable and functionable.So it's a very important job to do and it's an important part of making sure the road's ready to be driven on, okay?
And so she carried her heavy tools and equipment with her that were vital to this job, including that heavy nuclear oven from time to time.She'd actually have to move it around.And so she often needed time
in her truck out of the elements to make phone calls, do calculations, and sometimes she'd just simply be waiting for dump trucks with materials or, you know, pavers to finish up so that she could run out and collect a sample.
and get on with her day and run her calculations.So a great benefit to my mother was that she could do all this from the safety of her company vehicle.
Okay, and she'd have to get out periodically, but her vehicle was really her mobile office, her home base, if you will.
So both my mom and dad would often mention this to us over the phone when they'd call home and be like, yeah, it's a rainy, windy day out here in Naknek or Toksuk Bay or wherever they were, like out on the Yukon River.
Um, you know, but hey, we're in these nice warm trucks, these contractor trucks they got for us.That was always a comment they made was like, they got these nice trucks for us.
Cause it's like, they go out to these remote Alaskan villages, you know, and these are, and they're out on these remote roads, maybe a hundred miles from town, far from hospitals and stores and all of that.And so your truck is your life support.
It's how you stay safe from the elements.It's how you stay alive when you're attacked by large game or even disgruntled locals.
Sometimes people don't like, you know, people from out of town coming in and building roads and things and they'll come out and maybe they're a little toxic, intoxicated, or maybe not.And they just kind of, they'll throw things and yell.
And so your vehicle is central to how you get your job done.Okay.And acts as a kind of shield. from the elements that can distract from getting your job done.
And so the importance of having a good quality company vehicle to me was clear from a young age because of this experience that I had with my parents growing up.
And so later as an adult, as I started my own businesses, and this time I was the contractor, I had similar intuitions about company vehicles and my people.
I had a small fleet of corporate vehicles when I ran my first janitorial contracting business, Bluemont Building Services.I had city vans.I had Ford pickup trucks, all with our company logo and contact information on them.
And some of them, we even had paid to have them completely wrapped in a nice modern wrap.And we also had a large trailer that we used to haul equipment around that had our logo on it.
And this was great marketing for us locally in our market here in Utah.People saw our vehicles everywhere in town and they would tell, oh, I saw this, I saw your trailer in town, I saw you guys, I see those Bluemont.
Vehicles everywhere and they'd call us off the number they'd saw on the trailer.
Hey, I saw you guys here They're doing a job that was super common and we right saw you over in this neighborhood doing a job Can you come give me a quote it happened all the time?
So having a commercial fleet can be a huge boon to a small business owner
For this reason, just because of how vehicles create that local physical marketing, people are waiting traffic, they're looking at the car in front of them, it's got your logo and your number, and maybe there's a tagline on there or something that represents what you stand for.
And as people see it in town and in the neighborhood and parked at houses and different things, they say, okay, this must be a brand that people use.And then they start to interact with you, and it's great.
Customers, they see that phone number, right? And then they start to interact with you as they think your neighbors are interacting with you.
And so that's through calling to book you through jobs, and they're using the website that they see in the marketing.And so they're visiting your website, they're engaging your brand, plus tenured employees.
So people who are these long-term people that work for 20 years at the same company or from the beginning of their career, it's not so common anymore, but there are still people that are looking to stay with the same company for many, many years.
These tenured employees like the feeling of seeing that nice new truck or that nice new car with the company logo on it in their driveway at night.I'd say especially men.I mean, it's a statement, right?
That we work for a reputable company that takes care of us, right?We got a nice truck. They gave it to us because we're important.We do an important job.We get a nice truck.It's nice.Okay.Can't help but feel flattered as a man.Okay.
And feel more committed as a result.Okay.Additionally, others in the neighborhood might see it on their way to work and say, Hey, maybe I want to work for that company one day as well.And guess what?
they just might come to work for you in the future.Okay?So your company vehicles can recruit more than just new customers.They can recruit your future staff as well.Let's talk about tax savings.
So choosing to invest in a fleet and then making sure at the end of the year you are taking advantage of the tax savings.But before you get into the leases, you've got to make sure you set them up right so that you can get the right tax savings.Okay?
So we'll talk about tax savings because it's central. to why companies lease vehicles in the first place, okay?Otherwise, you'd probably just go buy a used fleet or maybe even pay employees to use their own cars, this kind of thing.
But no, this is one of the intelligent uses of finance, okay?
It's where we can really make some good use of finances where it can often make a lot of sense for you to have your people in brand new vehicles rather than going out and buying a bunch of used ones with cash.
Occupying all that cash no no there is much better way, so I'm here to tell you about it the tax deductions in business Aren't always as substantial as you think and so you really want to take deductions where you can Okay, and this is you know leasing a fleet is a great place to start so corporate
Vehicles, I mean they offer great tax benefits.Businesses can lease vehicles entirely on corporate credit and write off the entire lease amount.Okay, that's a big difference.
They can write off the entire lease amount plus interest so long as the vehicles are 100% for business use only. And so you may ask, you know, is a corporate lease really fully 100% tax deductible?
And the answer is yes, as long as the vehicles are 100% for business use only.And so you can deduct the entire lease payment if you use your vehicle exclusively for business 100% of the time.
So that means no personal use and you may have a situation where employees will still use it for personal use, but the idea is that it's only a work vehicle, okay?
Unless you can categorize a personal activity as a business activity, like going to dinner with a client, in which case the IRS says that the use is for, that's a business purpose.
And so there are corporations out there who use their vehicles for business and they get to write off the entire lease plus all interest, which is a pretty
penny, especially if your company leases limousines or cars like Mercedes-Benz for bankers or funeral homes or just people that need kind of nicer high-end cars.
As a sole proprietor or a single-member LLC, you'll report and deduct car lease sales tax on Form 1040 Schedule C. So your gas your repairs, your insurance costs go on line nine, and your car lease payments go on line 20A.
And so not every lease is created equal.So pay attention to the paperwork when you sign nowhere to report it on your taxes.Line nine and lease payments go on line 20A.And we'll talk about the different lease types in this episode as well.
But make sure you have a corporate lease, you're using it for a 100% of the time you're using it for business and you'll be able to write off all of it and the interest, the lease amount, all of it.
So ordinary folks who don't own a business or aren't self-employed can't write off leases.Okay, this is why I said this was such a big deal that businesses can write off the entire lease.
It's that ordinary folks can't, they can't write off it, like any of it, like basically, you know, like versus compared to being able to write all of it.Okay, you may be asking yourselves, okay, well, me as an individual,
you know, when can I deduct car loan interest from my taxes?And you just, you can't.Okay.Only those who are self-employed or own a business and use the vehicle for business purposes may claim a tax deduction for car loan interest.Okay.
And if you're an employee of someone else's business, you can't claim this deduction.Okay.Sorry guys.So entrepreneurs really do get all the breaks.Um, And hey, what can I say?We create jobs, okay?That's why we get breaks.
Alternatively, you could do like I did and buy your company vehicles cash.Maybe you don't want brand new vehicles.
Maybe you aren't able to make the financing work or you don't want to take on the loans or whatever, or the financing, but you most certainly can buy the vehicles cash if you want.Or you could use a business loan to do that.
It's not a great use of funds. You can't write off the entire lease like when it's a corporate vehicle.Okay?The history of commercial fleet vehicles includes the development of the first truck.Okay?The role of mail service in fleet operations.
That's kind of where this all started.That's the whole reason why companies have vehicles now.Because this was not always a thing.People used to kind of make goods and services just locally, and you kind of bought things close to home.
If you go to some really older cities, it's still like that.New York City's like that in many ways.
You can kind of go downstairs on the street and get, like, within a 10-minute walk in any direction, basically any goods and services that you need, including your eye doctor, your medicines, your food, tools, materials, art supplies, like, anything you can imagine, and it's all kind of in that radius.
But the history of commercial fleet vehicles includes the development of the first truck, which was the role of the mail service fleet.So as people started to move out of cities and stuff, they had to be able to deliver mail and deliver things.
And so the evolution of fleet management technology was next.
uh... in line and so the need for commercial fleets is actually been recognized for a long time even before trucks and cars were invented okay so uh... like with sea ships and you know whale hunting boats and you know exploring ships like columbus and cortez you know that that the ones that they used to come to the americas they they used financing they got kings and queens to finance their voyages okay and so you know trailers hand carts
caravans of merchants selling goods, the Silk Road, transporting goods on Camelback.I mean, the list goes on and on throughout history, but to make it simple, let's start at the first truck, which really kicked off the whole commercial fleet thing.
So in 1896, Gottlieb Daimler built the first truck, which is based on a converted horse-drawn goods wagon, basically.So he took a horse-drawn goods wagon, and basically made a truck out of it-ish, okay?
And so Daimler made improvements to the engine and the drivetrain, including a new low-voltage magnetic ignition and a redesigned radiator to take care of some of these issues, like starting the truck and things like that in cold weather.
Mail service was really where it all started. And so that was in 1857 and it was considered the first commercial fleet, this fleet called Butterfield Overland Mail Company, okay?
And the company operated around 140 stagecoaches that carried mail and passengers across the Western United States.And you can imagine the territory that they had to cover.
And so the fleet management technology that followed that to be able to manage these rather daring and sometimes very dangerous voyages across the American West,
Fleet management technology, of course, has evolved over time to include the GPS, telematics, things like driver behavior monitoring systems and fleet maintenance systems and fleet management software, FMS, all this stuff.
And some of the benefits of having a commercial fleet to a manager of employees or a business owner is not only being able to manage the fleet with the technology, but it's cost effective. and you have this brand and advertising thing, okay?
And how is it cost-effective?Well, owning or leasing a fleet can be cheaper than reimbursing employees for using their personal vehicles for business travel, or like we mentioned before, just trying to buy them all in cash.
That requires quite a lot of cash.I think I spent like 30 grand or something on vehicles or something, and it got us a whole fleet, and to get them all wrapped and insured and everything. Um, but yeah, it was like 30 grand.
It would have been far less to go and lease vehicles like that, but I was in a position where I wanted to buy them.
So company vehicles, they can, like I said, be branded with logos and colors, phone numbers, um, you know, your slogan, your, your website, maybe your Facebook page.And they act as that, as that mobile advertising for you.
And you have this, you know, there's also this control and compliance. element of it.We had an awesome fleet app where we could follow the vehicles around and see exactly where they had driven.
And the contractors, because you could use that as proof of like, hey, this is where we were.We have GPS satellite proof.And this is important for government contracts and dealing with clients with strict guidelines on insurance.
And this helps us ensure that our fleet vehicles meet safety and environmental standards and that they're not outdoing
the wrong thing and driving all around and using the vehicles for personal use and abusing the privilege to drive a company vehicle.And so the fleet technology was a big, big help.
And so you have, because of the technology, and of course, the vehicle technology is getting better, you have improved logistics.
So streamlining transportation operations through optimized routes, I mean, in reliable vehicles, vehicles are way more reliable. far fewer parts to break, very sophisticated engines.
You have optimized routes now with freeway systems and things like that.Having vehicles break down, guys, can put a serious burden on your business.And people don't talk about this enough.
It's not only the repairs on the vehicle if you own it yourself, it's the lost productivity.That truck is not out making you money. while it's sitting in the shop being repaired.
It's costing you way more than the bill you're going to get from the mechanic.And you have to account for these costs as a business owner.
And just the employee convenience aspect of it as well, like providing access to company vehicles, like I said, for people who have to commute, can make commuting and business travel easier for employees.
And so you have people who might be coming out from quite a ways out to work at your organization.They may live far away and all that.So it's more comfortable, especially if they're working in windy, rainy, remote conditions.
Like in the story of my mom working up in remote Alaska.And again, the data analysis was just very helpful.That fleet management system We actually use this tech at 2LM to make sure we can keep an eye on our driver.
And again, we used to use the GPS tracker to prove or disprove claims about where someone was and how long they stayed.
So if a client was ever like, they were only here for 45 minutes, we could actually go and look through the vehicle GPS that they showed up at 5 p.m., left at 8 p.m.I was like, no, they were there for three hours.
And you couldn't do that if the workers were all driving their own
personal vehicles and for very low cost I felt like that was actually a fairly valuable value add for our business in particular being a business that you know it's very handy to be able to prove exactly where you were and for how long so reasons for having a company fleet again
You know, having a company fleet can be a good marketing strategy, creating that brand recognition and just that increased visibility, the cost effective advertising, that brand awareness, that repeated exposure to your company's logo.
People got to see the logo.I think the research says seven times before they'll interact with your brand.But it definitely helps.
I mean, to say very, you know, because we talked about brand awareness and that it's cost effective and things, but also just the professional image.
Like if you have a really nice company vehicle like the ones we had, we had really nice vehicles and people People just were like, wow, you guys must be on a really high level.
And sometimes we'd go out to like bids in a wrapped vehicle and we looked better than any other brand there.And so you can kind of position yourself as a larger company than you are almost.
Um, and we were fairly small and we got our company vehicles wrapped, but it definitely kind of propelled us up to that level.And wouldn't, you know, we started to get more valuable contracts as a result.
And so a well-maintained branded vehicle can, can convey that professionalism and attract that attention. and help people to consider you.And so if you have a target audience, you can go leave.I mean, oh man, forget the name.
I think it's like A1 Cleaning or something, but they leave their vehicle in a grocery store parking lot, like in an upscale neighborhood.And it's like house cleaning and they do a bunch of stuff, but it's like residential services.
And I see it every time I go to this grocery store and I used to live over there and I'd see it all the time. And I know, I mean, maybe it's someone that works there, but I doubt it.
I think that they leave the car there and it's great marketing because I saw it a bunch of times.And I think I even took a picture of it.So very effective.
And if you have a target audience, you can just physically place the vehicle there and leave it there.Do try to get jobs in that area to just increase your brand visibility.And the design quality helps.
You need a high quality, professional looking vehicle wrap, and that's important to maximize that brand impact. All right, guys, obviously be smart about what you take financing and spend it on.Like if you don't need financing, don't get it.
And like, you shouldn't borrow money to start a business.That's probably not a good idea, but leasing corporate vehicles can be an intelligent use of financing.Okay.
The key reasons for leasing vehicles in the short term, we've kind of gone over those already, but it should be clear by now that it can move the needle for you and promote incoming sales to have the vehicles.
And corporate leases won't break the bank, the payments won't break the bank like a loan can, but be careful.I mean, the lease payments can be tough for small businesses to make.
So just make sure you understand how much you're paying each month and where it's going and make sure getting corporate vehicles will actually make you money.
okay and not just look nice to customers it's got to turn into dollars for you like i can't emphasize that enough any investments that you make into your business have to turn into more money they have to make money so you're hiring someone who's going to make you money you're getting these vehicles because they're going to turn into more jobs for you um because you know
You're going to do more profitable jobs.Maybe it's a machine that you're buying and it's going to let you do more profitable jobs because now you have this machine.That's what I mean.
Okay, so one of the unintended positive results of having a long term fleet
In terms of the sales price of your business, this is something you may not have considered, but the positive marketing effects go above and beyond the cost to lease the vehicles.Okay.
Plus there's the moral boost of the employees driving the nice vehicles, the perception of the new vehicles.You have a profitable business as opposed to say, buying up a bunch of used vehicles or paying cash.
where the customers don't know the difference if it's bought or leased.So that's something you have to consider.The public's not really going to know if you have bought those brand new vehicles you just leased or if you've leased them.
But it has a big effect in franchising and in service businesses where I use it the most.It's hard to assign a dollar amount to this in terms of the value of your business.
especially if you're selling a business and you have a lot of vehicles around town, that's a built-in marketing engine that ought to be considered kind of as its own thing when you go to sell your business.It makes the phone ring, okay?
And so be sure to factor that in your sales price, that local advertising, okay?And 2LM local advertising, if you see our trucks in your neighborhood and our vans with the 2LM name on it,
um, you know, call us, interact with us, say, Hey, I saw one of your vans.So here are the action steps.If you, if you haven't leased vehicles for your business already, and you're interested in doing so, this is how you deal with the dealership.
Okay.The dealership commercial lease scenario goes something like this.Okay.Most reputable dealerships these days. have a commercial fleet manager who manages relationships with local businesses who have commercial vehicles.
Okay, so if you have, say, a large Ford dealership near your home, you could walk in there confidently, ask for the commercial fleet manager, and they would say, okay, I'll go get him or her right away and I'll be right back.Okay.
And so the fleet managers typically have an automotive background in fleet maintenance operations or logistics.And just follow that person at the front desk or whatever, walk over, or maybe they'll go back and grab that person for you.
But as soon as you get him or her, tell them that you own a company and you have a need for a fleet of several commercial vehicles.You'd like to grow it into a large fleet, perhaps. and you know, just as many as you need.
And they'll say, okay, you know, right this way.They know exactly what you're talking about.They know exactly what you're looking for and they'll help you out.So all those, this might seem strange to the average citizen.
It's fairly normal to business people.
And there is actually somebody who runs this at the dealership and it's quite a big part of their business, honestly, because a lot of those trucks come in for maintenance and it's just, you know, they make the interest off the lease and on the financing.
You know, it's another side of the dealership that ordinary citizens don't get to see very often, okay?
And so, normally the dealership will have some kind of corporate financing option for you to lease the cars or the trucks through your business's credit profile, meaning non-personally secured financing.Sometimes you might have to secure it.
Your business may not have this yet, but it is surprisingly attainable.
especially in this financial climate where brokers and salespeople are eager to do deals, meaning you can probably put very little money down, pay a few small fees, and using credit, get multiple vehicles for your company to use right away.
Now, you have to have a real business with real income to make this a smart move financially, okay?
you're in the driver's seat and you know what's best for your company, but the bank, like if your credit's in good shape, they'll usually finance a fleet for business operations.They usually will.
And so all the maintenance on the vehicles is included, okay, which greatly reduces your risk.If the dealership pays for it, you just bring their cars back to the shop.If they have any mechanical issues and they work on them, they'll do everything.
You just watch your mileage, make sure you stay within the guidelines.You have to bring your car in for maintenance, so definitely do that.
or you will be fined, and you'll be fined per mile if you go over your mileage, and so just make sure you're comfortable with what that per mile charge is up front before you sign, because you're liable to go over on your mileage even by accident, especially if you have employees making long sales trips out of state and things.
A business vehicle lease is similar to renting a vehicle long term. Your business, the lessee, makes monthly payments to use the car for a set period, usually like two to five years.
Instead of car payments on a loan, your business makes lease payments, okay?And at the end of the lease, you can return the vehicle to the dealership or buy it.
Plus, you can write off the entire lease amount like we've talked about and the interest payments if the car is used for business. Yeah.
And so like we've said, guys, people assume that a brand with nice new trucks or vehicles around town must be doing something right, that they must be a leading brand.
And again, like as we've discussed, there's a dollar value amount that that adds value to your company.And so the dealership knows this and is aware of this too. A new company vehicles can create this kind of impression and this prestige.
And it's like, do you want a nice truck showing up in the front of your house?Do you want an old beat up one?Okay.And so, yeah, we've talked about how appearances make a difference and the dealership will charge you for this.
After all, they're leasing you their vehicles that'll be brand new. And you'll return those vehicles basically used and they know these vehicles will be used for work purposes, which means there's wear and tear to consider.
And so they want to make sure they get them back in one piece or else they'll charge you for that too.Okay.And so dealerships understand this whole dynamic that I've been trying to explain to you very well.
And they make their money on these lease arrangements.They make money on parts, all this kind of thing.And so they know what they're doing. Dealerships understand that employees aren't going to treat their company truck with TLC, okay?
And in fact, some even think it's cool to rally the company truck, okay?And so dealerships, they're gonna, again, they're gonna charge you for this in fees and in mileage charges, and they make a lot of money on this.
So be aware about what's in the contract to take care of the vehicles, do the required maintenance, and create an accountability structure within your organization for those who have the privilege to drive in your companies.
You can feel confident walking into the dealership with this next bit of information, okay?These are the basic flyovers of the topics, but the salesman will have all the specifics and the paperwork, and you just do your due diligence, okay?
This is the way you can make sure that you're getting the best treatment by proactively mentioning these next two lease types.So just mention these and just say, this is kind of what I'm shopping around for.
Say you're shopping around to different dealerships for the best dealer. or for the best deal with the best terms, okay?
So if you've made the decision in your head to lease the vehicle after kind of listening to the terms, looking over the vehicles, if you've made the decision to lease from your local dealership, now you need to decide which kind of lease you'll get and for what reasons, okay?
And like I said, they're not all created equal.So read the fine print and understand the following.There are open-ended corporate leases and there are closed-ended corporate leases. Okay, know the difference.
An open-ended corporate lease, also known as a finance lease or a TRAC, T-R-A-C, is a type of commercial vehicle lease that gives the lessee more flexibility and responsibility than a closed-end lease.
The risk in an open-ended corporate lease is the lessee's responsible for the difference between the vehicle's actual market value and the estimated residual value at the end of the lease.
If the market value's higher, then the lessee receives the equity in the vehicle. Flexibility.So open-ended leases have no mileage limits and allow for more wear and tear than closed-end leases.
So the lease converts to month-to-month after a minimum term, typically it's like 12 months, and the lessee can terminate the lease at any point.
And the cost, open-ended leases can be less expensive than closed-end leases because the lessor doesn't take on the risk of depreciation, like we described.
before the the the salesman may try to tell you we don't have open-ended leases here and blah blah blah all that they may try and feed you that bs they might they might try and call it something else or switch the titles up on you but the truth is uh it's in the terms and in the language so read carefully because
They may be trying to call it something different, but there are open-ended leases and closed-end leases.So closed-end leases, this is exactly how they're different.
So the primary difference between an open-end lease and a closed-end corporate lease is who bears the risk of the asset's depreciation at the end of the lease term.Okay?
In an open-ended lease, the lessee, the company leasing the asset, assumes the risk. While in a closed-ended lease, the lessor, the leasing company, is responsible for depreciation, providing more predictable monthly payments for the lessee, okay?
Open-ended leases tend to offer more flexibility in terms of mileage and usage, while closed-ended leases have stricter terms and mileage limits, okay?
Closed-end leases provide more predictable monthly payments, which people love, business owners especially, as the lessee knows exactly what they'll owe at the end of the lease, okay?It's not gonna be a mystery at the end.
Common usages is open-ended leases are often used by businesses with large fleets that experience variable mileage needs, while closed-ended leases are definitely more common for individual car leases.
One or two cars or businesses with more predictable vehicle usages so that those values don't go crazy at the end and they don't get a massive bill at the end.
All corporate vehicles, guys, just in closing, all corporate vehicles are important and make a big difference in morale for your employees and all who interact with your brand.And I hope you feel more confident in leasing vehicles for your business.
I hope the positive impact of owning a fleet is clear to you now.And if you have any doubt, I mean, just think of companies like PepsiCo and Amazon and the United States Postal Service, UPS, FedEx.
These are all organizations with enormous fleets of vehicles that we see all over our communities.These are like members of our communities.Those Amazon trucks have like those beautiful Christmas
uh, decorations on them and they always have like catchy phrases on them.And these, these vehicles are part of our neighborhood.It's so hard to hard to imagine those companies without seeing their vehicles everywhere.They're ubiquitous.
You can have a fleet of vehicles for your business one day as well.Um, if you already have corporate vehicles, props to you, that means you're doing something right.If you have those vehicles,
And those vehicles make you more money each month and increase your brand's exposure.The tax benefits are much better on a corporate lease.So check with your accountant and get your company some beautiful cars and trucks today.
It's something to aspire to so long as it makes sense for your business.And I will see you out there in your beautiful brand new corporate vehicles.Thank you for listening.You can do this. You can be the one who sets your family free.
Finally gain that traction in your career.Take flight today with our world-class franchise and investment opportunities.You can do this.You will do this.You will live your second life.
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