Managing a fleet effectively means being on top of costs, but this isn’t always easy to do. We’re in favour of leasing, as you might expect, but that doesn’t mean we can’t help you if you prefer to buy your vehicles.
This quick guide introduces the eight levers you can use to influence your fleet costs – and, potentially, make savings that feed through to the bottom line.
It’s estimated that the average car loses 60 per cent of its value in its first three years, based on the car being in good condition and covering 10,000 miles per year. So if you buy a £30,000 car now, you’ll have lost £18,000 in three years’ time.
If your employees are using their car for business, how are they insured? Have they got the right cover? Whose unenviable driving history is pushing up your premium?
How’re your drivers buying their fuel? And are your employees driving the most efficient cars?
Most fleets can reclaim up to 50% the VAT on a car lease. If the company buys the car, though? .
Who coordinates the servicing, maintenance and repair of your company’s vehicles? What if there’s a fault that causes an accident – are you liable?
How do you make a company car scheme cost-neutral? You need to look at the cost to the business, and company car tax versus other costs for employees.
Businesses can claim capital allowances on cars bought and used for business. How does this compare to the cost of leasing?
Company car mileage can have a huge impact on expenditure – especially your fuel costs and, if buying, the residual value of your vehicles.
We hope you found our overview of the eight levers helpful. If you’d like to know more about this essential subject, just download our free eBook today.
To receive further information and guidance, get in touch with our team on 01753 802448 or email firstname.lastname@example.org