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A fleet of vehicles within your business can be extremely beneficial. It is one of those things that can be useful for when it comes to generating more sales and visiting potential businesses, customers and clients. c With that in mind, here are some of the things you need to think about.
The right level of insurance
One of the first things that you need to think about is the level of insurance that you have for the vehicles on your fleet. It may be more cost-effective to have one policy for your business, where vehicles can be added and removed as well as different drivers depending on staff turnover and who has access to vehicles. However, there may be a large premium to consider if there is a need for any claims. It is worth exploring all your options but keeping the highest level of cover to protect your assets as much as you can.
Tracking the vehicles effectively
A great idea would be to track the vehicles. This is a great way to keep an eye on things like mileage but also the ground in which the vehicles are covering. Especially when they are used to visiting customers and clients. For delivery and logistics, you can keep track of delivery and timings, which can be great for when you have people asking about timescales. This is when a vehicle management company could help you stay on track when it comes to knowing where your vehicles are at any given time.
Another thing you need to think about when it comes to managing your vehicle fleet is driver accountability. It is these things that you don’t always have complete control over. You will want any driver that has use of a company vehicle that is your business asset to treat it with a high level of respect. You will want them to showcase decent driver behavior as well as follow the rules of the road. This is when you may want to think about having a document put in place that gets signed so that drivers become accountable for their driving behavior.
Costs and the future expenses
Finally, you will need to take into account the costs within your business. One of the first ones is to recognize the value and that the vehicle is a depreciating asset. You will need to note that as a write-down when it comes to costs within your business as to how much the vehicle owes you. This helps when it comes to trading it in and upgrading it. You also need to consider expenses throughout the ownership of the vehicles such as servicing and maintenance. Thankfully you can predict costs as they are mostly based on being once a year or when a certain mileage is reached.
Let’s hope that these tips help you when it comes to managing a vehicle fleet.