Transportation can be an integral part of any business. Whether it is to deliver goods or visit clients, it can help businesses thrive in all areas across the nation. Relying on public transportation or courier systems may not always be ideal. It can cause delays, cancellations and cost you money.
For some businesses, a fleet or company vehicle’s may be the best option. It allows you to remain in control of your schedules and operations. It helps the business remain flexible, reliable and cost-efficient for customers, employees and the business itself.
Choosing a vehicle that’s right for you
The automotive industry is constantly developing and adapting so that now even more options are available for consumers. Whilst new vehicles can be attractive in terms of their performance, it can mean spending more money in the outset. Whereas older cars may be cheaper in the first instance but could cause major repairs further down the line. Not to mention, choosing between diesel and petrol and the tax and insurance rates of each vehicle.
Essentially, choosing the right vehicle will depend on your purpose and budget. But here are some things that might be worth considering when you’re buying a fleet vehicle for your business.
You don’t always have to buy
There are plenty of finance options when it comes to new vehicle’s these days. But what if you were able to get a new vehicle, without buying it at all?
Leasing vehicles is becoming more popular in recent years amongst consumers. This is because you can get all the benefits of a brand-new car, without suffering the depreciation costs over time. Cars very rapidly depreciate in costs, and with leasing, you don’t have to worry about resale price. You pay a monthly amount on the vehicle and as long as you keep it serviced and in good condition, you can hand it back after the term and get yourself a brand-new vehicle.
- Use data to save on costs
In fleet management, it can be difficult to keep track of each individual vehicle’s maintenance and servicing. With telematics data, fleet data can be used to monitor vehicle health, driver behaviour and maintenance records all in one place. This can help to provide adequate training for staff, save on repair costs and make sure the downtime of vehicles is reduced.
- Protect yourself and your business
Insurance is vital in protecting your business when it comes to purchasing a vehicle. However, you can save even further by investing in fleet insurance. Not only can you help to protect against the cost of breakdowns and accidents, but you may also be able to get your vehicle’s back on the road quicker and obtain replacement vehicles so that your business can continue as normal.
Insurance premiums can vary significantly based on the cover that you go for. Yet, by getting fleet insurance through a broker,you can tailor your insurance to your exact requirements including mileage and number of vehicles. By purchasing vehicles with telematics too, you can save further money with your insurance provider as it provides complete transparency.
Fuel can be one of the costlier aspects of running a vehicle. When purchasing a vehicle for your business, it can be best to look at long-term costs of fuel. With the new diesel tax, a lot of people are opting for petrol, but there is still a huge cost when it comes to fuel. Opting for electric or even hybrid cars may be the best way to save you money in the next few years. Whilst they cost more at the moment, it seems like the industry is definitely heading towards a greener climate. Therefore, investing in this technology now could help you save even further year on year.
Buy in bulk
If you need more than one vehicle, you may be able to get a discount if you buy in bulk. Manufacturers or dealers may be able to offer you a discount if you buy a larger number of vehicles from them. Not only that, but by purchasing a larger number of vehicles, you may receive a better aftercare treatment so that you can get additional savings during the first few years of having your vehicle.
When it comes to buying a fleet vehicle for your business, it’s important that you get it right. Focus on your exact needs and purposes and let the dealer or manufacturer know so that you can find the right solution. It’s not just about having the best vehicle for the purposes, but finding the right cost both from the outset and during the life of the vehicle.