Fix It or Replace It?
When do you stop repairing and start shopping for replacement vehicles for your fleet? The industry trend has been toward longer lease terms, which naturally means more miles and more things that need to be repaired.
Generally, it's a bad idea to spend more on repairs than the vehicle is worth, but it happens often. A good rule of thumb to avoid this is setting pre-arranged caps for repair spending geared to current mileage, so that high-mileage vehicles near retirement don't fall prey to unexpected major repair costs.
Regular maintenance can extend the life of your vehicles substantially— and give you fair warning of impending problems or concerns. Commerce Lease Group can't keep you from having to repair or replace your fleet vehicles eventually but we can give you a good idea of what to expect along the way and how to plan for bumps along the road.
After being in business since 1991, we've seen it all. This is where we share a little bit of what we have picked up over the years.