Most businesses have some level of company vehicles and there are a lot of different things to consider in both acquiring and running a single vehicle or even a large fleet of business vans or cars. If you make good use of your vehicle they can serve you well in business but on the other side it’s very possible that vehicles can end up being a big pain and a huge cost to you. Let’s look at some of the key things to consider with business vehicles.
If you have more than two vehicles you may find that individual policies will become a pain. It’s very common that if you have taken on more vehicles as the business has grown you have several different policies all with different providers and with different renewal dates so why not consider fleet insurance. But wouldn’t it be easier to have all of these policies under one provider, you have one renewal date, adding new employees only needs to be done once and you could even save a lot of money.
A vehicle is an expense and no matter how you manage your vehicles there is no real way to save huge amounts on this. But why not make the vehicles work for you to offset some of that cost? Putting signs on the vehicle is pretty much free advertising once you deduct the cost of the initial installation. There are a few different options on how to do this as well, you can have the sign physically sprayed on and this is the most permanent and expensive option but if you are to have the vehicle for a long time it will give you the best finish. If you are only going to have the vehicle for a limited period of time then maybe a more temporary option might make sense such as a vinyl wrap that can be removed or magnetic signs than can be transferred from one vehicle to another.
Getting The Right Fuel Supplier
Fuel can be one of the biggest costs a business can face and let’s be honest it’s not one that is getting any cheaper. If you have a few vehicles getting a fuel card account can make sense, this gives you savings at the pump as well as putting all your fuel costs in one bill at the end of the month. If you use specialist fuels you’ll want to make sure you are getting a good deal and might want to know who are the best Trusted Red Diesel Suppliers for example.
Buy Or Lease?
Another big decision would be whether you buy or lease a vehicle? Both have their advantages and disadvantages. Buying obviously gives you ownership of the asset and this can be an appealing thought but also you have a bigger financial outlay either by buying outright or finance and all repairs and servicing are your own cost. If you lease you will have a lower monthly cost and if you have the right contract repairs and servicing may be included.
No matter what vehicles you have it’s essential to keep on top of maintenance and have your vehicles looked after. Have a basic checklist daily, weekly and monthly that you and your employees will do. Also make sure any issues are reported and seen to as they come up as lost time and money with vehicles off the road will want to be minimised.