While the tax credits sunset every year, the federal government is expected to re-establish them for the next tax year. Companies should discuss this with their tax advisors and representatives from a local PacLease franchise.
For those companies that operate in California, the California Air Resources Board (CARB) and local air quality management districts provide grants to help acquire cleaner burning vehicles. In addition, adopting hybrid technology can also help fleets meet CARB emissions requirements quicker because the fleets get double credit for replacing older, high polluting diesel-powered units with hybrids. PacLease can assist those companies in determining their qualification for those funds, and help companies develop an asset plan that meets CARB goals and timelines.
Fleets can also reduce their exposure to maintenance costs because PacLease handles all the maintenance on the hybrid. When they return the hybrid trucks at the end of the lease, they're also sheltered from fluctuations in the trucks' residual values. That's because with a full-service lease, PacLease determines that value at the beginning and factors it into the lease payments.
While full-service leasing has always offered companies benefits, including the ability to preserve their lines of credit for projects or other revenue-generating endeavors, it can also help make new technology more affordable.
If you're considering adopting hybrid truck technology into your operation, full-service leasing may offer the best way to do it.
Olen Hunter is director of sales for PACCAR Leasing (PacLease) in Bellevue, WA. PACCAR is a global technology leader in the design, manufacture and customer support of premium light, medium and heavy duty trucks under the Kenworth, Peterbilt and DAF nameplates. The company also provides customized financial services, information technology and truck parts related to its principal business.
Adds seven new franchises in midwest
PACCAR Leasing Company expands network with franchises in Midwest and Pacific Northwest.
Growth reflects popularity of leasing as an option versus buying.