News

2022 Model Year Vehicle Ordering

Due to the global shortage of microchips or semi-conductors, many vehicle manufacturers have been forced to idle plants for varying periods throughout the year. This has dramatically affected production resulting in vehicle shortages and extensive delivery times, notably the pickup truck and cargo van segments. Manufacturers are still trying to fulfill 2021 model commitments,

By |2021-10-07T16:41:53-07:00October 7th, 2021|Jim Pattison Lease, News|0 Comments

Vehicle Resale Market Update

As we approach the midpoint of the year, wholesale vehicle prices continue to reach new highs. We are experiencing a “perfect storm” in high used-car demand and a “perfect drought” of used-car supply — the latter amplified by the microchip shortage. We expect this trend to continue for some time as the manufacturers deal with

By |2021-07-09T09:28:09-07:00July 8th, 2021|Jim Pattison Lease, News|0 Comments

Vehicle Availability in a Time of Uncertainty

If the last year has taught us anything it’s that nothing is certain and the same can be said for vehicle availability as it stands today. COVID-19 has impacted every industry imaginable and the vehicle manufacturing industry is no exception. Access to vehicle stock at local dealerships has been significantly impacted because of the various

By |2021-06-22T15:54:20-07:00March 5th, 2021|Jim Pattison Lease, News|0 Comments

New Supplier – Wilsons Fuel

We are pleased to announce that Wilsons Fuel has been added to the Jim Pattison Lease vendor network, effective immediately. This new fuel supplier is based in the Maritimes and has 71 locations, with sites in all 4 provinces. They are branded Wilsons Gas Stops. Click here to find a location near you.

By |2021-04-01T18:20:39-07:00February 16th, 2021|Jim Pattison Lease, New Supplier, News|0 Comments

New Supplier – Continental General Tire

We are pleased to announce that Continental General Tire has decided to initially enter the fleet management market with Jim Pattison Lease.  This will be Continental General Tire’s initial foray into the market. Effective January 4, 2021, they have been accepting our Jim Pattison Lease fleet card for tire and serviced related transactions. Transactions will

By |2021-03-31T19:09:49-07:00January 11th, 2021|Jim Pattison Lease, New Supplier, News|0 Comments

Jim Pattison Lease Acquires Manchester Leasing Services

Jim Pattison Lease is pleased to announce it has acquired Manchester Leasing Services based in Urbandale, Iowa. With additional offices in Chesterfield, MO and Melbourne, FL, Manchester Leasing Services is a fleet management company with a portfolio of vehicles operating across 19 states through the U.S. With a history dating back to 1951, the Manchester Leasing

By |2021-03-31T19:08:15-07:00January 5th, 2021|Jim Pattison Lease, News|0 Comments

Commercial Vehicle Leasing – Frequently Asked Questions

Given the current economic conditions, preserving cash and managing cash flow are important steps in the sustainability and growth of your business. Vehicle leasing can be a valuable option for fleets of all sizes to help improve cash flow, manage a safe fleet of vehicles, while also lowering total fleet operating costs. That being said,

By |2021-06-22T15:58:11-07:00November 17th, 2020|Jim Pattison Lease, News|0 Comments

ELD Mandate – What Should Fleets Expect?

  The Canadian Transportation Ministry has mandated that, by June 2022, ELDs (or electronic logging devices) will have to be used by all drivers that are currently required to maintain a logbook. An ELD is defined by Transport Canada as “a certified device that automatically records a driver’s driving time and facilitates the recording of

By |2021-10-20T09:49:01-07:00September 30th, 2020|Jim Pattison Lease, News|0 Comments

Can a Vehicle Sale/Leaseback Help My Business?

Definition Vehicle Sale/Leaseback – A sale, or leaseback, is a service where a fleet management company purchases your company vehicles for a pre-determined amount and leases it back to your company. Sale/leasebacks can be done with either company-owned vehicles or vehicles that are currently leased or financed through another lessor/lender. Overview These days, managing cash

By |2021-06-22T15:57:21-07:00July 9th, 2020|Jim Pattison Lease, News|0 Comments

Closed-End Leases During Uncertain Times

Overview Vehicle leasing provides a significant cash flow advantage to a business over purchasing, as the lower lease payment reflects the expected usage of the vehicle. In essence, you only pay for what you use. A Closed-End (operating lease) is a type of lease that offers flexible terms and kilometre allowances while eliminating residual risk

By |2021-06-22T15:57:42-07:00May 14th, 2020|Jim Pattison Lease, News|0 Comments