Historically, public fleets have prioritized vehicle purchasing over leasing. This may be due to the variety of misconceptions surrounding leasing, including the belief that leases cost more due to high interest rates and concerns over return conditions and mileage restrictions. As a result, fleet managers have lacked low-cost options to maintain a fleet of vehicles that are reliable and low maintenance. In fact, leasing is one of the best avenues for public fleets to incorporate new assets, especially EVs, into their fleet. Fleet managers can achieve significant financial savings by utilizing operating budgets and understanding total cost of ownership.