There’s more to fleet management than simply getting your clients the vehicles they need. That’s why we have multiple EV adoption options available as part of our one-size-doesn’t-fit-all philosophy to electric vehicles.
When it Comes to Electrifying Fleets
Merchants Leads the CHARGE
-
-
- ClearCharge™ Products and Services
- Electric Vehicle Leasing & Management
- Electric Vehicle Fleet Licensing & Title Services
- Electric Vehicle Fleet Consulting
- Electric Vehicle Infrastructure Financing
- Electric Vehicle Fleet Maintenance Management
- Electric Vehicle Last Mile Solutions
- Electric Vehicles Telematics & Tracking
-
- Total Cost of Ownership Tools
- Innovative Technology
- Rightsize Your Fleet
- Becoming a Client
- Merchants Service Commitment
-
- Large Business
- Small & Medium Business
- Industries
- Special Programs
- Sales & Service
- Work Trucks
- Vans & Shuttles
- Delivery Van Rentals
- Delivery Fleet Management
- Connected Fleet Management Services
- Delivery Vehicles
-
Using Bailment Pools for Flexible & Affordable Vehicle Acquisitions
The Challenge
A roofing company had a history of purchasing their fleet vehicles, which are primarily work trucks and cargo vans, out-of-stock. While they began transitioning to factory ordering, they had concerns about long production timelines in the face of fluctuating deadlines. They also were paying a premium for out-of-stock ordering.
The Solution
Merchants proposed setting up a bailment pool to mitigate their concerns about OEM ordering deadlines and production timelines. By having some vehicles available in a bailment pool, the company could be confident that vehicles would be available when needed.
The Results
The company plans to keep 3-5 vehicles in their bailment pool so they have the vehicles they need as they continue to transition to more factory ordering. It is projected they will save approximately $2,000 per each vehicle that is factory-ordered instead of ordered out-of-stock. With around 150 vehicles slated for replacement this year, they are anticipating approximately $300,000 in savings.
