Operating a fleet of vehicles can quickly get expensive for any business. Not only do you have to cover the costs of obtaining the vehicles themselves, but you also need to factor in the ongoing costs associated with vehicle ownership. You will have to fuel and repair your fleet of vehicles, as well as ensure that they are properly insured.
Here are four simple ways that any business can use to keep its fleet costs as low as possible during these difficult times.
Table of Contents
Reduce The Size of the Fleet
Perhaps the simplest way of reducing your fleet costs is to reduce the size of your feet itself. If you don’t need to have as many vehicles on your books as you currently do, then removing some of them won’t just reduce your expenditures – it can also provide you with some cash in the interim. Old vehicles that are no longer needed can be sold for cash, which can then be reinvested elsewhere in your business. If your vehicles are currently just sitting idly, then you might as well sell them to someone who will use them.
Reducing the size of your fleet is not an option, consider whether you could instead start making fewer journeys and traveling less in your vehicles. For most businesses, sales are currently down. This means that there is less demand for products and services than usual, and this effect is observed across the board. Traveling less is probably more realistic for most businesses now than it has ever been in the past.
Reconsider Your Insurance
There are some costs associated with operating a fleet of vehicles that you cannot get away from. No matter what you do, you will have to pay for insurance for each of your business vehicles.
You can take advantage of business fleet insurance to enable you to insure multiple vehicles at a lower rate. Quotezone enables you to compare the costs of business fleet insurance to ensure that you are getting the best possible deal for your business. Using Quotezone to compare insurance options when the time comes to renew your fleet insurance takes all of the hard work out of finding the best deal possible.
Look For More MPG
The number of miles that your car is expected to cover with each gallon of fuel that it uses is one of the most important metrics for measuring fuel efficiency. The more efficiently your vehicles are able to use fuel, the less money you will have to spend keeping them full of petrol. Now is a good time to assess the MPG rating that vehicles in your fleet offer and consider whether it might be better to trade up for a more efficient model.
With a little bit of effort on your part, you can easily reduce your fleet management cost. No business ever wants to pay more than they need to for the equipment they need, and this is just as true of vehicles as anything else.