Value-added truck leasing

Value-added truck leasing

Leasing companies are quick to point out that a full-service lease helps fleets better control operations and costs. Most offer help with spec’ing and financing the right vehicle—and will include complete maintenance services. Some, like Penske Leasing, also offer to monitor changes and regulations from a variety of agencies to make sure your fleet is up-to-date and host seminars to keep you informed of major changes in regulations and maintenance processes.

But we’ve just been made aware of another add-on, offered by PacLease, that gives fleets a complete telematics solution with their full-service vehicle lease. According to the company, the fleet management solution that also gives fleets the ability to track shipments on the road in real-time. Such  management solutions can be made very affordable since they are built into the full-service lease payment, the company noted. (See Truck leasing traceability for more on this solution.)

PeopleNet PerformX, which is the telematics solutions being offered by PacLease, is a driver and vehicle performance evolution tool that motors engine data in real-time. According to PeopleNet, the software helps fleets improve fuel efficiency through reduced idling time, increased miles per gallon and decreased over-RPM and speeding incidents. For example, when a vehicle is speeding or if it starts and stops suddenly, the fleet is immediately notified of the truck’s exact location.

In addition, the system gives fleet managers the ability to see engine performance data as it is captured. This means maintenance mangers don’t have to wait until the vehicle returns to the facility to retrieve engine diagnostic data. In addition, fleets can set an odometer alarm to schedule vehicle maintenance.

The PerformX solution provides customized reports to help fleet managers develop critical performance baselines relevant to the fleet and compare drivers across key measurements. The exception-based alarms help to improve vehicle and driver productivity.

Remote fault code monitoring allows for notification of urgent vehicle distress signals at virtually the same time they are indicated on the vehicle dashboard to the driver. This means that managers are able to make critical decisions, which could include a tow to respond to a roadside breakdown. Immediate knowledge of problems helps to prevent future potential problems.

OBDII capability is built into the PerformX system, which is designed to help keep driver and vehicle management consistent across the fleet. Its capability allows the vehicle-monitoring module of PeopleNet’s g3 solution, which draws data from the engine control module of the vehicle, to also be used on other vehicles including light trucks.

The other added-value of this leasing option is that fleets that have not experienced comprehensive management of vehicle telematics now have an opportunity to try it with a full-lease before purchasing it for other fleet vehicles.

You May Also Like

Bestpass hires new executives

The new hires are expected to help Bestpass scale service offerings and network integrations for commercial fleets and owner operators. 


Bestpass, a developer of toll management and safety solutions for commercial fleets, announced two additions to its leadership team. Bestpass welcomes Scott Chao (pictured above left), as chief marketing officer and Shay Demmons (right) as chief product officer. The company says these hires will aid in its commitment to scale service offerings and network integrations for commercial fleets and owner operators. 

Babcox Media mourns the passing of Tim Fritz, longtime editor and friend

Babcox Media Editor Tim Fritz passed away on Feb. 23 from a heart attack. He was 53 years old. Related Articles – Debating the merits of ethanol – Why isn’t a truck’s appearance part of the PM process? – Change is coming to U.S. energy policies Tim joined Babcox Media in 1990 and spent 31

Debating the merits of ethanol

I just returned from the National Hot Rod Reunion in Bowling Green, Ky. To get there, I traveled through some of the most fertile soil in America: The Mississippi River bottom in the Missouri “boot heel.” This land used to be planted in cotton as far as the eye could see. But we lost the

Fuels and lubes column
Why isn’t a truck’s appearance part of the PM process?

Companies are spending thousands of dollars on graphic and designs for their equipment; some of those companies as well spend millions on television ads and internet ads. And it’s advertising space with that kind of reach isn’t cheap. Yet a lot of professional companies look at their vehicles as a rolling billboard and use decals

Change is coming to U.S. energy policies

The 2016 presidential election is behind us and as of now, the U.S. has a Republican Commander-in-Chief. So, how will this new regime change our energy policies? Let’s run through some scenarios. Currently, cap and trade legislation is simply another form of taxation, and proponents are estimating the receipt of $900 million in cap and trade

Fuels and lubes column

Other Posts

Ford Trucks, Irdeto announce cybersecurity partnership

Irdeto will provide Ford Trucks with a fully managed key lifecycle management service.

ServiceTitan, Thumbtack integrate job management tech

The companies say this will let local service businesses manage booking requests and cut down on time toggling between platforms.

TechCelerate Now awarded phase 2 contract

The program aims to reduce accidents by speeding up the trucking industry’s adoption of ADAS systems.

Bosch introduces RevX dispatcher optimization tool

Aiming to reduce the number of empty miles driven, Bosh says RevX enables fleets to maximize revenue by efficiently booking optimal loads.