How to build your business fleet

By: Victoria Harrison

Date: 31 July 2018

How to build your business fleetIf you're looking to start building, or expanding, your fleet of business vehicles, there's a lot to consider. The cost of building and preparing a fleet can run into many thousands of pounds, making it crucial that you get it right.

Here are some tips and advice on how to set up your business fleet.

Choosing the right models

One of the first things you need to decide is the best models to fit your business. Think about what they're going to be carrying and the conditions they'll be travelling in. This will help you choose a model which is large enough and suitable for the types of goods you'll be transporting.

Some businesses even find that they need to customise their vehicles to meet their specific needs. So, this may need to be taken into account if you're transporting unique goods.

How will you finance your new fleet?

One of the most important considerations is how your new fleet will be financed. Buying one vehicle can be expensive enough, but buying a whole fleet of them can prove particularly costly.

Most dealerships offer finance deals you can take advantage of. You just need to be careful to ensure you're getting a good deal. Compare your options to see which dealerships offer the best finance package.

Of course, it's not just the initial purchase cost you need to worry about - insurance is another important factor to consider. You'll need to have specific insurance to fit the vehicle's use and value.

It's also worth looking into GAP insurance like a KIA extended warranty. This will ensure you have the funds to replace the vehicles if they're involved in an accident, or if they're stolen.

The importance of maintaining your fleet

Once you have your vehicles, you're going to need to maintain them. Keeping on top of maintenance will ensure you're not left with huge repair bills later on.

If you only have a small fleet, you can outsource maintenance. However, if you have quite a large fleet, it may make more financial sense to maintain the vehicles in-house.

Building up a business fleet can become really expensive if you don't know what to look out for. The more time you spend researching your options, the more money you'll potentially save.

Copyright © 2018 Article was made possible by site supporter Victoria Harrison