Get more value from company car leasing arrangements
Even in this age of video conferencing and free Internet communications it’s impossible to get away from business meetings altogether. There’s just something about face to face interaction that cannot be replicated in a web demonstration or a conference call. This means that companies of all types and sizes have to maintain fleets of vehicles for sales reps and senior executives to travel around the country doing business.
The fleet just like every other area of business is under financial pressure right now. Maintaining and running a fleet of vehicles is an expensive business. There’s the cost of the vehicles themselves, plus all of the fuel, servicing and insurance. For a major operation this cost can be enormous. In a tough economic climate fleet managers are under pressure to save money, but without cutting back. It can seem like being asked to achieve more with less resource at their disposal.
The most common arrangement for finance of these vehicles is company car leasing. It allows companies to invest in brand new cars without the cost of buying them outright. They can keep them for two or three years and then refresh their stock. In essence these car leasing deals allow a company simply to pay for the depreciation of the vehicle during the course of the arrangement. It’s a flexible and cost effective way to keep a quality fleet on the road.
With so much financial pressure on fleet managers many of these company car leasing arrangements are under review. Managers have to extract as much value as is humanly possible. This might mean looking for new suppliers who offer better rates on the vehicles companies need to keep their staff on the road.
It’s key to think about the types of vehicles that companies should be leasing too. The cost of the contract hire isn’t the only cost to the organisation. There’s also the fuel bill, the tax and the insurance for example. Many modern diesels are now incredibly fuel efficient. By choosing cars with impressive miles per gallon figures and lower insurance groups it’s possible to make big savings across the board. The emissions on some of these cars are now so low that they avoid road tax altogether. This makes them very attractive to fleet managers looking to trim their bills.
CLVR are an organisation that can help fleet managers extract maximum value from their leasing arrangements. When it comes to car leasing deals they are hard to beat. But they don’t trade on price alone. They offer a friendly and flexible service and are always on hand to give fleet managers the advice and support they need to make the right choices for their needs and budgets.
Financial pressures doesn’t mean having to compromise on the quality of the fleet. It just means getting smarter about leasing arrangements and the kinds of vehicles to go for. CLVR can help on both counts. Perhaps it’s time to review current arrangements to see what can be trimmed from the budget without cutting back on quality.