How to Pick The Right Vehicles for Your Business
Picking the right vehicles is essential for many businesses. Whether you are a small or a large business, it is likely that your dependency on an efficient vehicle fleet is constantly increasing. However, the smaller your business is, the less likely you may be to have a designated transport or fleet manager. Therefore, the management of your fleet may become more complex and financially constraining.
One particular technique in reducing such problems is selecting the correct vehicles that your business requires. It may appear to be a simple task, but in reality a vehicles performance changes depending on the tasks and pressures in which they endure.
The identification of your own transportation demands can prove difficult. This coupled with matching such demands with the range of vehicles available for selection also creates difficulty.
So, here are some of our essential tips for selecting the correct vehicles for your fleet.
1. Maintenance Costs
A number of factors, such as the make, model and use of a vehicle can determine its maintenance costs. This can result in a huge range of different costs across your fleet which can become difficult to keep track of. Therefore, as the number of vehicles within a fleet increases, it becomes more difficult to predict the maintenance costs of each vehicle.
Although, these types of worries can be laid to rest when hiring your fleet, as all servicing and maintenance is included, so you can always predict your outgoings.
2. Make Distinct Goals For Your Business
This may seem obvious; however it is essential that you are able to identify the needs and goals of your business. In what way are the vehicles being used on a daily basis? What distance will they be travelling – locally or around the country? What are the conditions along the journey – rough terrain or flat? Who or what will they be carrying and what kind of accessibility will they need? Will the same vehicles be required all year round, or will you inevitably be parking high value assets in the yard for months at a time?
You can only create a shortlist of the vehicles and models that will work for you when you have a clear picture of the demands you need to meet.
It may also seem attractive to purchase a high-value fleet of vehicles, which may seem like an effective long-term investment. However, the ability to afford the initial outlay and running costs may not justify the additional costs gained through insurance as well as the low resale value after depreciation.
In addition, higher value vehicles will be greater targets for theft and so greater security measures will be required to secure such vehicles. Further costs to add to the equation.
3. Fuel Efficiency
When picking the right vehicles, it is important to consider the type of fuel required to run your fleet. This is because the choice of fuel will have a large impact on the running costs of your business.
Regardless of any savings made in purchasing or hiring cheaper vehicles, any long distance driving with vehicles running on fuel that isn’t efficient will prove costly for profits. If appropriate research is conducted, there should be less fears over selecting the most cost effective option.
4. Don’t Overlook The Cost Of Insurance
The range of costs that a vehicle presents is an important issue to consider when selecting vehicles. However, the initial purchase or rental cost is not the only cost to consider as insurance can also be high, so it’s worth looking into different fleet policies that provide some flexibility for your fleet numbers.
5. Consider The Future
Planning for the future is an essential part of every successful business. Therefore, picking the right vehicles will involve consideration of the future of the business. For instance, how does your fleet respond to the business growing and the changing transportation demands that this may entail.
It may be that your business only requires a small fleet of vans in the short term. However, once future growth is considered – both in scale and variation of product delivery – does the business truly wish to have to search for the funds for a brand new range of vehicles in the future? Or is it possible to acquire larger vans now in a bid to ensure that in the future, your business is able to run effectively.
Alternatively, if you’re business requirements are flexible and you have the need to scale your operations up and down throughout the year with different vehicle types, it may be that a flexible rental option is more suitable.
If you’d like any further information on the above or are interested in a free consultation from our Fleet Management team, please don’t hesitate to get in touch via email@example.com or read more on our Business Hire page.
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