Motorists shift from ownership to usage-based leasing

Motorists shift from ownership to usage-based leasing

In fleet management, determining the optimal vehicle replacement cycle is a critical decision that directly impacts operational efficiency, safety, maintenance costs, and cash flow. By Prashanth Bisnath, WesBank national head of sales: fleet management and leasing With advancements in telematics and a global shift from ownership to usage-based leasing, fleet managers are re-evaluating traditional practices to remain competitive and responsive to…