If you use vehicles in your business for any reason, you already know how expensive they can be. You have to cover the cost of insurance, as well as all of the fuel costs and maintenance when they need it. That soon adds up and your vehicles can be more of a burden than anything else.
However, there are some simple ways that you can save money on those vehicle running costs, which benefits your business in a lot of ways. If you are running an ecommerce business, for example, cutting vehicle costs can help you to reduce shipping costs and those savings can be passed onto the customer. If you supply company cars to your employees, cutting the cost of those vehicles means that you can extend that benefit to more people.
If you are struggling to cover the cost of any vehicles that your business uses, these are some of the best ways to make big savings.
Consider Engine Type
An electric car is the most obvious choice if you want to save money and reduce your impact on the environment. However, electric cars are far more expensive than traditional petrol or diesel, and if you have a large fleet of vehicles, you will need to invest a lot of money upfront. If you only have a few vehicles, you could consider electric, otherwise, you need to decide between a diesel engine or petrol one. In most cases, it’s best to opt for diesel because they are more fuel efficient. They also require less maintenance, so you will make more savings there as well.
Review Ownership Type
When it comes to company cars, there are different ownership options to consider, but a lot of business owners don’t realize this. Most people opt for single ownership, meaning that each employee gets their own vehicle. However, you could save money if you use a pool system instead. This allows employees access to a vehicle as and when they need it, but they do not keep it all of the time. Using a pool system cuts the total number of vehicles that you need to buy and maintain.
Use A Telematics System
If employees are driving recklessly, they are wasting fuel and putting more stress on the engine, so it’s important that you monitor their driving. If you use a telematics system in all of your vehicles, you can get detailed information about the specifics of driving and the performance of the cars. By using this information, delivery drivers can ensure that they are always taking the most efficient route, to save fuel. You can also make sure that your employees are driving safely, so you can avoid any expensive accidents and improve fuel efficiency. Telematics are great for any business that wants to improve their delivery times and save money on their vehicle running costs, while also ensuring that their employees are driving safely.
These simple changes can help you to save a lot of money on your business vehicle costs.