When you have a fleet of vehicles to manage, it can often be hard to keep your costs down. Tax, insurance and maintenance costs shift all the time. In fact, many companies struggle to keep their fleet expenses at a steady level.
The good news is you can achieve such a goal by applying a few savvy tricks to your fleet management. The following tried and tested methods are ones that you can apply to any fleet size. It doesn’t matter whether you’ve got a small or large vehicle fleet. Here’s how to drive down your costs like a pro:
Take short leases for each vehicle
Having five-year leases on vehicles might be tempting. Especially given the deposit that you must pay for each car or van in your fleet. But, it makes sense to opt for shorter ones that are two or three years long.
First of all, the amount you pay for the lease of a vehicle each month will be lower. Second, you won’t have to cover expensive vehicle maintenance costs. Examples include major services, new brakes and so forth. And, third, you’ll have a more reliable fleet. Especially if drivers do more than average miles in each car or van.
Avoid sports cars, supercars and petrol vehicles
Let’s face it. Your fleet of vehicles serves a business purpose. There is no reason to “splash out” on expensive sports cars. Also, you should avoid having petrol models in your fleet.
Instead, it makes sense to stick with diesel models. Not only do they offer high fuel economy, but they are also better for the environment too. Plus, it’s likely your vehicle tax costs will be lower for that reason.
If employees want anything “flash” to drive, they should fund such vehicles themselves.
Use online tyre suppliers
One of the biggest expenses any fleet manager will need to cover is the cost of new tyres. Most lease agreements don’t include provision for such wear and tear items. That means you’ll have to pay for new ones yourself.
If you run a courier company, for example, you’ll probably need new tyres for your fleet of vans quite often. It makes sense to use only suppliers that offer van tyres. Not only do they offer exceptional pricing, but they can change tyres on-site.
Review your insurance arrangements each year
It’s easy to stick with the same vehicle insurance company each year. But, you could end up saving hundreds or even thousands by shopping around!
We all do this with our personal car insurance policies. Why should fleet insurance be any different? Don’t forget that renewal prices change each year, and usually not in your favour. Review your insurance arrangements around a month before the renewal date.
That way, you’ve got time to make new arrangements if you go elsewhere. Don’t forget to see if your existing company could match any cheaper quotes. It’s a strategy that sometimes works, especially if you insure hundreds of vehicles.
Thanks for reading today’s post – and good luck!