and what business considerations should I make? You’ve decided now is the time to replace vehicles in your company, but what is the best way to fund it? What considerations do you need to make? What are the legal implications? What are your most important considerations as a business? … let’s dive in and have a look. - Cost
cheapest overall ownership proposition
- Image
matching the vehicle to your brand
- Usage
selecting a vehicle that best serves your requirement for it
- Environment
There are so many things to consider here, and it is a subject in its own right, but to summarise these are some of the considerations. Purchase price, lease payments, depreciation, maintenance costs, fuel consumption, tax and insurance. There is also the cost of finance and, if using your reserves, the future value of that money. On top of that is how you or your staff treat the vehicle. When you pull this all together, if cost is overriding consideration, then consider the overall pence per mile of the vehicle you choose.
hpi.co.uk/tco-check
how efficient and which fuel
- Management looking after one vehicle is vastly different to 100 - Funding
COST:
how to pay and obtain the vehicle
IMAGE:
Some companies pride themselves on always arriving on site to a customer in a clean, modern, efficient vehicle. Others treat employees or themselves for jobs well done
