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Fleet vehicle management is the management of the company's vehicle fleet that includes cars, vans and trucks. It includes a variety of functions such as vehicle financing, maintenance, tracking and logistics, driver management, speed management, fuel management, and health and safety management. This can be done by an in-house fleet management department or an outsourced fleet management provider.

Fleet management companies also provide fleet leasing programs to answer the different corporate fleet needs of any company. These companies provide options in financing fleets based on the customer's unique needs and risk tolerance.
A close-end lease is one of the simplest programs available. It eliminates price volatility in the marketplace so that the customers would be able to know the costs for the entire duration of the lease. There is no need for concern regarding the responsibilities at the end of the lease and price fluctuations.

An open-end lease or capital lease is commonly chosen by companies for its lower monthly lease payment. Despite its lower price, the open-end lease will require more from the customers since the client must take responsibility for the vehicles at the end of the lease. Other factors such as seasonal influences and price fluctuations must also be considered.

Fleet management companies make use of GPS-based tracking system which determines the vehicle's location, direction and speed. The information is then sent to a fleet management software application at any location and allows the company to quickly respond to events in the field. This also provides the company with the possibility of forming a profile for any given driver based on the efficiency and productivity of the driver.

Advantages of fleet vehicle management systems

• There are numerous types of fleet management systems that can be applied by companies. Choose a management system that will conform to your individual needs and that of your vehicles and drivers.
• GPS tracking has helped in reducing expenditures by companies by overseeing the journey of the employees thus avoiding unnecessary delays and idling. This increases the efficiency of the drivers and allows them to verify the results of unnecessary actions and delays or vindicates them from being suspected for the delays.
• Fleet management helps in fuel management and lowering expenses. GPS provides valuable information such as traffic and weather conditions so that the employees may take the appropriate actions to prevent delays.
• Fleet management systems provide an effective theft prevention technology and can turn off any of its vehicles from a remote location. This allows the company to retrieve assets.
• Fleet vehicle management does not require a lot of paper since most of the information can be accessed using a computer or laptop with internet connection. Work can be done efficiently without having to spend too much on transportation and other expenditures.

Advantages of leasing vehicles

• Companies will only have to manage lease payments and can focus on other important matters.
• Companies can adjust lease terms for which equipments are planned to be used.
• There is greater profit without assets due to the capital outsourcing effect.