Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Hemet council approves Enterprise Fleet Management lease program, presenters cite multiyear savings
Summary
Council approved a partnership with Enterprise Fleet Management to implement an open-end equity lease model intended to cycle vehicles sooner, capture resale equity and lower lifecycle costs; presenters estimated multi-year savings and the motion passed 4–0.
The Hemet City Council on Nov. 12 approved an Enterprise Fleet Management leasing program intended to replace aging vehicles on a shorter cycle and capture resale equity.
Dan Skagen of Enterprise described the company’s "open end equity lease" model and walked the council through an example in which a $40,000 vehicle produces equity when sold after a shorter lifecycle. In the presentation the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
