There are many benefits tied to managing your own fleet of company vehicles or HGVs. After all, it means you do not have to rely on third-party providers to deliver products to customers, making the process much more efficient and cost-effective.  However, that’s not to say that this is not a significant expense in its own right.

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Fortunately, there are many ways in which you can keep the cost of managing your company’s vehicles as low as possible, putting you in the best possible situation moving forward.

Consider buying second-hand vehicles. The cost of buying a single car or HGV can be extortionate – let alone buying multiple vehicles. As such, you can save a considerable amount of money during this time by shopping second-hand instead of buying a brand-new car/HGV. However, you should do plenty of research ahead of time to ensure that you are buying a vehicle from a reputable dealer and that it is in a road-worth condition. Otherwise, you could be dealing with breakdowns regularly while also putting the health and safety of your team at risk. 

Purchase the relevant insurance. It goes without saying that you need to obtain the relevant insurance before your employees get behind the wheel. Fortunately, you can choose between a wide range of Cost-Effective Insurance Solutions for Small Fleets depending on the nature of the work your team is carrying out. This way, you can ensure that the cost of managing your fleet remains within budget. 

Conserve fuel when on the road. There are many ways in which your team can save on fuel when driving. This includes using cruise control when on the highways, avoiding making frequent speed and lighting changes, limiting air conditioning usage, and more. However, perhaps the easiest way to achieve this goal is by purchasing efficient cars to begin with, which could include hybrid or electric vehicles. 

Not only is this a great way for businesses to cut down on monthly expenses and bills, but it also means that you’re playing your part in protecting the planet for future generations. In some cases, this kind of green initiative could help you to win over additional customers.

Plan the most convenient route form A to B. Another way in which you can save money when managing your company’s cars and HGVs is by ensuring that your driver(s) take the most convenient route from A to B. This is because it can reduce fuel expenses and the amount of time they spend on the road. Not only that, but it could mean that you’re able to fulfill customer orders and deliveries as quickly as possible, as you are delivering at record speed and without hassle. 

While it may seem impossible to begin with, there are plenty of ways in which you can make managing your company’s fleet as cost-effective as possible. This will provide you with additional funds that can then be spent on other business tasks, bringing you closer to your long-term goals. 

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About the Author: John Loughran