Element Fleet Management Case Studies Leasing vs. Equipment Rental

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	Leasing vs. Equipment Rental Element Fleet Management

Leasing vs. Equipment Rental

Element Fleet Management

Technology Category	Functional Applications - Fleet Management Systems (FMS)
Applicable Functions	Logistics & Transportation
Use Cases	Fleet Management
Services	System Integration
Challenge	The customer was looking for a way to reduce the total cost of its material handling equipment used in its warehouses across the country. The customer’s corporate office had no visibility into its forklift inventory or related costs within each of its 80 branch locations. Several branches have low asset usage needs and believed rentals were a better option than leasing new equipment. Read More
About Customer	The customer is a business services company that operates a service fleet. The fleet consists of 150 forklifts spread over 80 branch locations. The company utilizes a variety of services including accident service, financing, fleet partnership, maintenance, personal usage & expense tracking, rental, telematics, and title, licensing & registration. Read More
Solution	As part of the fleet implementation, Element Fleet Management gathered and analyzed the client’s equipment inventory – something that had not been done before. They identified three branches where high cost rentals were being used. Their equipment experts located/purchased forklifts that fit their specific needs, while focusing on providing leasing options that cost less than current rental fees. Read More Log in to view content
Contents

Technology Category

Functional Applications - Fleet Management Systems (FMS)

Applicable Functions

Logistics & Transportation

Use Cases

Fleet Management

Services

System Integration

Challenge

The customer was looking for a way to reduce the total cost of its material handling equipment used in its warehouses across the country. The customer’s corporate office had no visibility into its forklift inventory or related costs within each of its 80 branch locations. Several branches have low asset usage needs and believed rentals were a better option than leasing new equipment.

About Customer

The customer is a business services company that operates a service fleet. The fleet consists of 150 forklifts spread over 80 branch locations. The company utilizes a variety of services including accident service, financing, fleet partnership, maintenance, personal usage & expense tracking, rental, telematics, and title, licensing & registration.

Solution

As part of the fleet implementation, Element Fleet Management gathered and analyzed the client’s equipment inventory – something that had not been done before. They identified three branches where high cost rentals were being used. Their equipment experts located/purchased forklifts that fit their specific needs, while focusing on providing leasing options that cost less than current rental fees.

Impact #1	The customer saved nearly 70% by leasing rather than renting material handling equipment.
Impact #2	Element Fleet Management monitors all the customer’s other rental units, eliminating rentals that sit for long periods of time without being used.

Impact #1

The customer saved nearly 70% by leasing rather than renting material handling equipment.

Impact #2

Element Fleet Management monitors all the customer’s other rental units, eliminating rentals that sit for long periods of time without being used.

Benefit #1	$82,380 in annual savings on equipment assets in three branch locations
Benefit #2	Increased visibility into inventory and costs

Benefit #1

$82,380 in annual savings on equipment assets in three branch locations

Benefit #2

Increased visibility into inventory and costs

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Overview

Leasing vs. Equipment Rental

Operational Impact

Quantitative Benefit