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Save Money On Your Fleet Business
(This is a contributed post)
Running a fleet business can be a lucrative opportunity. When exploring new opportunities for your career, moving into the fleet industry can open up a lot of doors for you. Today we are going to speak about how you can save some money on your fleet business this year to allow you to thrive and succeed in an ever changing world.
Reconsider funding methods
Funding a new venture is one of the most challenging aspects of business; however it can be something that is done easily through a number of methods. Instead of going down the traditional route of funding your business through a loan, consider other possibilities that might be better for you in the long term. For example, a contract hire provider may be able to negotiate terms on your behalf and help with saving money on manufacture. You can also consider selling a few of your trucks to a contract hire company and then leasing them back for a saving.
Think CO2 and MPG
One of the things to consider when you are building a fleet business is the environmental impact of the fleet as well as MPG. It is important to consider the environment when making business decisions and often the more eco-friendly you are, the better your savings will be due to fuel efficient vehicles and funding from other parties. Come up with a way to reduce both CO2 and MPG, and ensure that you can save as much money as possible this year.
Make vehicles standard
If you have not been in the fleet industry for a long time, you may not realise how much money having only one type of vehicle can save you. If you have a lot of drivers in your fleet, they will all have their own needs and driving styles and this means you often end up forking out on different vehicles for everyone. The best thing you can do for your finances is to reduce the choice and make vehicles a standard option.
Think long term
The most important decision you will make as a fleet management company is choosing the vehicle you will use for deliveries. Trucks come in all shapes, sizes, and capabilities, and there are many choices out there that may grab your attention but may not be the right choice for you. When choosing a vehicle it is crucial for you to think long term. What vehicle will be reliable for the longest time? Even if you have to invest a little more now, it is better than buying a cheap vehicle that falls apart within a few years.
Encourage fuel efficiency
When running a fleet company, the biggest cost you will face is fuel. It is incredibly important to ensure that all the drivers in your company work to reduce their fuel costs and drive safer. It could be worth running a small meeting to speak to your drivers, and consider adding tracking to vehicles so that you can monitor their use of fuel. As well as this, fuel cards with a limit could be a great way to ensure drivers are more careful with their usage.
