Fleet Solutions
Deciding which option is best for you
There are multiple factors to consider when deciding if you should rent from our fleet, purchase a vehicle, or use a privately owned vehicle.
Personal Vehicle |
Rental From Fleet |
Purchasing |
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LIABILITY
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You are liable for all damages in the event of an accident. |
Fleet Services covers damages in the event of an accident. |
Your department is liable for all damages in the event of an accident. |
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USAGE
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Use a private vehicle (POV) based on break even in the examples below
* 58 Cents per mile for private vehicle |
Rent if:
Example: If you have to travel to a research site once a week, you can rent from Fleet Services when you need to visit the site, preventing a vehicle from sitting unused most of the week. |
Purchase if:
Example: If you need to travel to a research site several times a week throughout the semester or need a specialized vehicle for research, Fleet Services can help you purchase a vehicle to accommodate your needs. |
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FLEXIBILITY
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You are limited to using whatever vehicle you own. |
Choose whatever kind of vehicle you need and for whatever duration of time. |
You are committed to the vehicle for the long term. | |||||||||||||
BUDGET
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Mileage reimbursement accounts for gas, wear and tear, and any incidents that may occur. |
All liability and maintenance costs (and in some cases, fuel) are assumed by the university. |
Departments are responsible for the cost of the vehicle, maintenance, insurance, options, and tag & title service. |
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MAINTENANCE
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Owners are responsible for storing, maintaining, insuring, and ensuring compliance with their own vehicles. |
Maintenance and insurance are covered by Fleet Services. |
Departments are responsible for maintenance and insurance which could be up to $2,605 for a truck over 3 years. |
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SUSTAINABILITY
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The university has no control over the age of the vehicle, mechanical soundness, fuel efficiency, etc. |
Our fleet has the latest vehicle models including electric vehicles, ensuring lower emissions and the newest safety features. |
Fleet Services can help you find a vehicle to ensure mechanical soundness, fuel efficiency, specialized needs, etc.
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It can be challenging to determine what vehicle solution will best fit your needs. Contact Fleet Services at fleetservices@umd.edu or (301) 405-5482 to consult with us and find the best solution.