The Fleet AdvantEDGE

Latest Fleet Advantage Equipment Lease Vs Buy Study Showing Operating Cost Savings for Private Fleets and For-hire Carriers

Posted by Brian Holland, CTP on 7/12/18 11:10 AM

Significant Savings Realized When Leasing Compared to an Ownership Model Over the Same Period

Fleet Advantage, a leading innovator in truck fleet business analytics, equipment financing and lifecycle cost management unveiled today new analysis that shows the operating and financial benefits of a truck lease vs. buy structure for private truck fleet operators, as well as for-hire carriers. The analysis illustrates a missed opportunity for cost savings when comparing a seven-year ownership of one truck to a four-year ownership and a four-year lease of two consecutive trucks.

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Topics: Lease vs Buy, Truck Fleet Analytics, Data Analytics, Fleet Management

Latest Data Analysis Shows Truck Cost Savings Continue to Increase Year-Over-Year When Upgrading to Newer Models More Frequently

Posted by Brian Holland, CTP on 12/6/17 10:45 AM

Fleet Advantage, a leading innovator in truck fleet business analytics, equipment financing, and lifecycle cost management made public today its 2017 Truck Lifecycle Data Index (TLDI) comparing all-in operating costs of early-model Class-8 trucks to 2018 model-year replacements. The TLDI shows significant cost savings when replacing older-model vehicles with 2018 MY trucks. According to Fleet Advantage’s ATLAAS (Advanced Truck Lifecycle Administrative Analytics Software), the TLDI shows that fleet operators can realize a first-year per-truck savings of $22,162 when upgrading from a 2012 sleeper model-year truck to a 2018 model, a 17% increase in savings compared with year-ago figures ($19,023) for 2017 model-year upgrades. 

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Topics: Fleet Maintenance, Truck Fleet Analytics, Data Analytics, Fleet Management, Fleet Optimization