What were Budget's payables related to vehicle purchases included in liabilities under vehicle programs - other as of December 31, 2022?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
| The components of vertice depresentation and | | | | | | | |----------------------------------------------|----|-------|----------|-----------------|------|---------| | | | 2024 | Year End | ed December 31, 2023 | 2022 | | | | $ | 2,658 | $ | 2,228 $ | | 1,709 | | Depreciation expense | Ψ | 151 | * | 167 | | 138 | | Lease charges | | 167 | | (656) | | (1,019) | | (Gain) toss on sale of vehicles, net | • | 2,976 | $ | 1,739 $ | | 828 | | Vehicle depreciation and lease charges, net | Ψ | 2,070 | | | | | At December 31, 2024, 2023 and 2022, we had payables related to vehicle purchases
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 79)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, as of December 31, 2022, Budget had $265 million in payables related to vehicle purchases included in liabilities under vehicle programs - other. This figure reflects the company's outstanding financial obligations specifically tied to vehicle acquisitions within its broader vehicle programs.
For a prospective franchisee, understanding this payable amount provides insight into Budget's financial management of its fleet. It indicates the scale of Budget's vehicle acquisition activities and the associated payment obligations. This is a crucial aspect of Budget's operational costs and overall financial health.
It's important to note that this payable amount is part of a larger context, including receivables from vehicle manufacturers and other liabilities under vehicle programs. Reviewing these figures in totality offers a more comprehensive view of Budget's financial position related to its vehicle fleet.