Better Fleet Management Tips for your Business

Fleets cost businesses money in terms of fuel, upkeep and deprecitation. However, they may not have to cost as much as you are currently paying. Here are some better fleet management tips for your business to take advantage of.

1. Manage Fuel Costs

Fuel purchases and cost should be the first factor to consider when managing a fleet. With no sign of fuel prices coming down anytime soon, it’s important that you take fuel purchases into consideration when adding a new car to your fleet. According to research, fuel prices have risen by a whopping 50% over the past five years, hence a key factor in fleet management.

Although investing in smaller engine sizes for your fleet can help reduce fuel costs, this would be not only impractical but also expensive. Using a fuel card to consolidate fuel costs is, however, a better solution for this. With a fuel card, you should be able to monitor expenditure patterns, set spending limits, and even reduce manual administrative duties. In addition to this, the fuel card can attract fuel discounts among other benefits.

2. Comply with Emission Regulations and Standards

Ensuring all your vehicles meet all emission standards and regulations is an added advantage for your business. Cars producing little to no carbon emissions attract lower capital allowances as compared to those emitting higher volumes of the same. This means you can save lots of money from investing in newer low-carbon emitting vehicles. Cars with emissions of up to 95g/km attract a lower levy as compares to those producing above 130g/km.

3. Maintenance

All your vehicles need to be serviced and well maintained to reduce running costs. Vehicle repairs can take most of your finances especially if the vehicles aren’t well maintained. Keeping service records, and analyzing maintenance records, as well as scheduling servicing and preventive care can help reduce repair costs significantly.

Having to run up and down checking on the vehicles’ condition and maintenance records can however take up too much of your time. Consider using fleet management services if this proves too much for you.

4. The Drivers

Ensuring your drivers are well trained and fit for the job can also help save lots of money in expenses. How these drivers handle your cars while on the road can have a huge impact on the car as well as fuel efficiency. Responsible drivers will always take good care of your vehicles, but for as long as you show them how. Enrolling them for special driving lessons, license checks, and other driving necessities put them in a better position to take care of your car, cut your cover costs and help your business too.