Leasing is an efficient and economical method of vehicle acquisition and fleet administration for companies who need to conserve capital for their primary business. We understand leasing keeps credit lines open, improves cash flow, and with the right lessor, provides the full services of an experienced leasing and management organization.
No large cash outlays or downpayments
Frees up funds for profit making investments
Keep credit lines open for company growth
Vehicle financing covers 100% of cost
Off balance sheet financing of vehicles
Budgetable expense predictable monthly cash flow
Capital outlay is only for portion of vehicle used
Choice of financing options and terms
Availability of multiple financing sources
One time credit review
No need to reestablish credit
No upfront sales tax where use/rental tax applies
Use tax paid in future dollars over term of lease
Vehicles obtained at predetermined prices
Lower costs through lessor's volume purchasing
No separate purchasing and selling organization necessary
Driver reimbursement is the most costly, least efficient and inequitable way to obtain business transportation. It offers the least amount of control by the employer over the operating costs, safety, the model, value, condition or style of an employee's vehicle. Moreover, reimbursement requires costly record keeping to substantiate and process driver claims.
No company cash outlay
No balance sheet effect
Use of future dollars
Purchasing, maintenance and selling are done by employee
No tracking of drivers personal use of company vehicle
No vehicle cost related to terminated/transferred employees
Reimbursement puts financial pressure on employee:
Driver must buy vehicle at retail price
Driver must borrow at higher individual rates
100% sales tax impact on purchase price
Driver pays retail price for maintenance, repairs, parts, tires, etc
Business usage increases drivers insurance premium
Drivers generally not aware of most economical vehicle, resulting in higher fuel/operating costs
Personal vehicle tends to be kept longer, thus increasing operating costs and down time
Tax reform has reduced tax benefits of ownership:
Depreciation benefits have been curtailed
No deduction for employees business expense unless they exceed 2% of adjusted gross income
No state sales tax deduction on new car
Burden of handling multiple expense and mileage reports
No control over age, type, and image of employees vehicles
No assurance of safety/reliability of employee owned cars
Employer must monitor insurance coverage and see that company is named the additional insured.
Utility requirements of vehicle likely to be inadequate
Research and tracking required to ensure fair compensation for different mileage's, territories, and geographic locations.
Loss of recruitment advantage/employee retention due to absence of a company car
Less control over downtime when company does not oversee maintenance
Reimbursement programs are often hard to explain to drivers; are perceived as unfair and cause dissatisfaction
We at JEB do all the work for you. Once we determine your specific needs we handle everything, relieving you of the burden of administering your fleet.
JEB Leasing & Fleet Management, leasing & financing offers a full range of leasing options to suit your needs and budget. We lease all makes and models of cars, light duty and medium duty trucks.
"EVERY LEASE IS DIFFERENT!" Therefore, JEB offers a full range of leasing solutions. Whether your needs are for automobiles, Cargo Vans or Pick-up Trucks for 24, 36 or 60 months, JEB will custom tailor your lease to your specific needs.