Young Upstarts

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Practical Ways To Reduce Fleet Costs

If your business is reliant on having a fleet of vehicles, you will appreciate how expensive this can be. There are fuel costs for starters, as well as insurance for each vehicle, road tax, and general maintenance costs, especially for vehicles that have been on the road for a long time.

The costs can add up, but there are ways you can reduce spending. Take the following for example.

Save money on fuel.

Research fuel stations and find the cheapest prices. Provided you aren’t adding to your mileage getting to cheaper fuel pumps, you will be able to make small savings. Alternatively, forego fuel stations altogether, and buy your fuel online. Online companies such as www.nboljor.se offer competitive prices, and they deliver fuel to you, so you don’t have to go out of your way to top up your fleet. Remember fuel efficiency too. Safe driving is always the way to go, not only to avoid accidents but to reduce the fuel that is often burned wastefully through excessive speeding and unsafe driving.

Reduce the number of vehicles on the road.

Downsizing your fleet may sound counterproductive to your business, but as we discussed here, www.youngupstarts.com, if you aren’t using them, the money you are wasting keeping them on site is rather inefficient. You will save money on both tax and insurance if you get rid of those vehicles surplus to requirements, and you can earn money back by selling them on. Alternatively, rent out your vehicles to other businesses, and make money back that way.

Cut the number of miles travelled.

If your vehicles are used for delivery to customers, you can save yourself both time and money by utilising GPS technology. By finding the quickest routes, your fleet will use less fuel and be more productive. As the business leader, you should also monitor the way your vehicles are being used. If your staff are making unnecessary journeys or using your vehicles for personal trips, it is important you get on top of this before it impacts your company finances any further. You should also install a mileage tracking system, using the latest apps, such as those found here, www.therideshareguy.com/, to monitor the efficiency of your fleet.

Regularly service your vehicles.

When a vehicle breaks down, you will be forced to spend money on repairs, and you will lose money while it’s not on the road if it’s needed for business travel. Therefore, ensure you get your fleet of vehicles serviced at regular intervals, ensuring any problems are found before time. You may be tempted to overlook servicing to save money, but the cost to you will be more expensive when disaster strikes down the line.

Lower the cost of insurance.

Don’t pay over the odds on insurance when you can find a better deal online. Websites such as www.businesscompare.com/ have a team of insurers who can find you better deals for your fleet, no matter what type of vehicles you use. Make use of any no-claims discounts too, and look for ways to reduce insurance costs further, such as fitting your vehicles with security devices, and parking them in secure premises overnight.

A business reliant on a fleet of vehicles will suffer the expenses. However, by following our advice, you will start to see savings in the weeks and months to come. After all, you are in business to make a profit, so you don’t want to waste any more fuel or money in your operation.

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Young Upstarts is a business and technology blog that champions new ideas, innovation and entrepreneurship. It focuses on highlighting young people and small businesses, celebrating their vision and role in changing the world with their ideas, products and services.

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