DRIVING FORCE celebrity partner Danny Hooper co-hosted his 790 CFCW Morning Show from our Whitehorse branch on Wednesday, January 23rd and Thursday, January 24th. Danny is not only the co-host for Canada’s largest country music radio station with Sharon Mallon, but he also performs at over 130 events annually as a professional Master of Ceremonies, fundraising auctioneer, business and motivational speaker, and entertainer (music and comedy). Thanks for visiting us in Whitehorse, Danny!
By Darcy Gillies, Used Vehicle Manager, Edmonton West
There are a lot of advantages to buying a used car or truck and finances is one of them. A used car is less expensive to purchase, giving car buyers the opportunity to purchase a nicer model than they would have been able to afford at a new car price. Car insurance rates are typically less expensive for used vehicles also. Furthermore, the fact that vehicles are only leased for 24-36 months before being put on the market means you can buy a nearly new car or truck at a used price.
Depreciation is another advantage of buying a used car or truck. All vehicles depreciate in value, but used cars depreciate slowly over time. New vehicles, on the other hand, depreciate in value as soon as they are driven off the lot, losing at least 30 percent of their value in the first two years. New car owners essentially pay thousands of dollars more for a brief new car feel.
Choice is an additional advantage of buying a used vehicle. You may not be able to custom order your used car, but with extensive used vehicle inventories available, used car buyers have a variety of makes and models to choose from. You could even find a model or option package that’s no longer available with a new vehicle. The wide selection of used cars, trucks, vans and SUVs also means the vehicles will be competitively priced, allowing you to get more value for your money.
Nervous about purchasing a lemon? That’s where DRIVING FORCE comes in. At DRIVING FORCE Vehicle Rentals, Sales and Leasing, every used car, truck, van and SUV goes through a 120 point inspection to achieve its status as a certified used vehicle. We have the highest vehicle reconditioning standards in Alberta, and we also include a three month or 5,000 km warranty. Need to get rid of your old car? We take trade-ins too. DRIVING FORCE offers vehicle financing as well, so we can help you get the car loan you need.
Check out our used car and truck inventory now.
DRIVING FORCE is proud to announce that our celebrity partner, Canadian Olympic bobsledder Jesse Lumsden, won gold in the men’s two-man bobsled at the World Cup in Germany on Saturday, January 12th.
Jesse and his teammate, Lyndon Rush, won by nearly half a second with a two-run time of one minute 40.22 seconds down the 14-corner track.
Check out the article from the Toronto Star for more details.
Way to go Jesse!
By Caitlin Heine, Rental Manager, Langley
Many businesses struggle with the decision to rent, lease or buy their vehicles. While there are many instances where purchasing fleet or taking advantage of commercial vehicle leasing would make the most sense, the following are four examples where renting vehicles would be the best option.
1) Project Based Needs
Companies often receive contracts for short term projects. In this case, renting is the best decision because:
- capital is not committed to fleet vehicles
- a dedicated fleet manager is not required
- no cost is assumed for depreciation or maintenance
- you get the exact fleet according to your needs (idle units are returned)
- no responsibility to dispose of vehicles
- charges stop once units are returned
- vehicles are customized with required equipment
2) Peak Needs
Companies who have fleet vehicles may need additional units during busy work seasons. Renting makes the most sense to accommodate the short-term increase in fleet requirements.
3) Vehicle Break Down
When fleet utilization is at an all-time high and a unit goes down to service, this can result in missed deadlines and incomplete projects. Renting a vehicle until servicing and repairs are completed is the best option.
4) Economic Uncertainty
Some business owners may not be ready to invest in equipment, sign a long-term lease, or simply don’t have the credit to do so. With new environmental regulations for diesel engines, trucks and trailers have gone up in price by $6,000 to $10,000. Uncertainty around the costs of purchasing commercial vehicles makes renting fleet a great option.
A commercial truck rental program can be tailored to a company’s unique needs with features like standard pricing, centralized billing, delivery options, equipment options, account management, priority service, and access to reporting.
For more information, contact me, Caitlin Heine, by phone at 604-881-9559 or by email at CHeine@drivingforce.ca. You can also contact Al Hamilton, Customer Relations & Business Development, by phone at 780-483-9559 or by email at firstname.lastname@example.org.
DRIVING FORCE Vehicle Rentals, Sales and Leasing is now part of the Facebook community. Like our Facebook page to receive the latest DRIVING FORCE news, contests, celebrity partner updates, vehicle maintenance tips and much more in your news feed.
By Gary Nelner, Chief Financial Officer
The 2013 automobile deduction limits and expense benefit rates for businesses were announced by the federal government on December 28, 2012.
Remaining the same for 2013 are the following:
- The maximum capital cost of passenger vehicles for capital cost allowance (CCA) purposes is $30,000 for vehicles purchased after 2012.
- The limit on deductible leasing costs is $800 per month for leases entered into after 2012.
- The maximum allowable interest deduction for amounts borrowed to purchase a vehicle is $300 per month for loans related to vehicles bought after 2012.
Increasing in 2013 are the following:
- The limit on the deduction of tax-exempt allowances paid by employers to employees using their personal vehicle for business purposes for 2013 has increased by 1 cent, to 54 cents per kilometre for the first 5,000 kilometres driven and to 48 cents for each additional kilometre.
- The general prescribed rate used to determine the taxable benefit relating to the personal portion of vehicle operating expenses paid by employers has increased by 1 cent, to 27 cents per kilometre.
For complete details on the 2013 vehicle deduction limits and expensive benefit rates, click here.