How to Save Money on Your Fleet of Vehicles

Share With:

If your business operates a fleet of vehicles, you’ll probably know how costly the task can be. It’s not cheap and there’s lots of money that has to be spent just to keep them operating and functional. That’s precisely why it’s so important to look for ways to save money on your fleet of vehicles. We’re going to talk today about some of the tips and ideas that should make that a little easier to achieve.

Travel Less

One of the easiest ways to save money on operating a fleet of vehicles is to use them less, even if this isn’t a realistic option for most business owners. If you can find ways to have fewer meetings or to consolidate your vehicles, you might be able to save some money that way. If it’s a realistic possibility for you, you should at least explore it.

Ensure Drivers Drive Efficiently

It’s important to ensure that the drivers that work for your business are able to drive in a way that’s efficient and careful. You don’t want to be in a position where your drivers are driving erratically or too fast or too slow. All of those things can be not only dangerous but also costly from a fuel efficiency point of view. You could provide them with training along those lines.

Take Out Fleet Insurance

If you don’t have fleet insurance already, that’s something that has to change. There are all kinds of things that can go wrong when operating a whole fleet of vehicles. Unfortunately, things go wrong and mistakes can be made. When that happens, it’s important to be able to fall back on the insurance policy that you had in place. If that doesn’t happen, you’ll be faced with paying the costs yourself.

Use GPS and Plot the Shortest Routes

Having some sort of GPS system in place is a good idea. That way, you can see where your vehicles are going and which routes they’re taking in order to reach their destinations. With the use of commercial GPS, you can make sure that your drivers are only taking the shortest and most efficient routes unless there’s a particular reason why they shouldn’t.

Be Careful About Where You Park

Finally, you should think about security and the potential for break-ins and burglaries. You should try to make sure that your vehicles are always stored in secure locations where there’s no opportunity for anyone to steal or even break into your vehicles. When that happens, it leads to potentially quite heavy losses for the business and that’s not what you want to happen.

Rent vehicles

When you run a business that requires a range of vehicles, it might not be the most cost-effective solution to always be purchasing new vehicles. If you decide you need additional fleet vehicles, something bigger, or something different, you may decide that a work truck rental is the best way to go. This will give you access to different vehicles, as and when you need them, without spending a fortune on keeping them running and maintenance all year round. If you can find a reputable company to work with, you may be able to pay as you go and save your business a lot of money. This will help you manage your fleet, as you have your main vehicles that are always in action, and then access to the additional vehicles, or bigger vehicles when you need them. For example, if you only get one bigger job per year, it would be more cost-efficient to hire the additional vehicles you need to complete that project, rather than them sitting there doing nothing for the rest of the year burning away your money. Many businesses are choosing the option to rent, just because of the difference it can make on their yearly profits, as well as the sheer convenience of them. 

As you can see, there are plenty of different things you can do if you want to save money on your fleet of vehicles. It’s important not to let those costs spiral out of your control because that can eventually take a pretty big toll on your business and that’s obviously not something you want to be dealing with.

Join the conversation: