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4 Things to Consider Before Purchasing a New Fleet Vehicle

Our fleet vehicles are the lifeblood of our business. It is imperative that we give them the best treatment and care, so they can perform to their best every day.

The importance of having the perfect vehicle for your fleet was highlighted by a recent study which found that a fleet vehicle with more than 100,000 miles on it has an 80% chance of reaching 300,000 miles or higher.

If you find that your fleet of cars and trucks are high-mileage and due for maintenance, you should look into some quality options at an affordable price.

4 Things to Consider Before Purchasing a New Fleet Vehicle

Before buying a car or truck for your fleet, there are a few things you should consider. By following these principles, you will increase the chances of finding a new vehicle that is economical and has a longer lifespan.

Vehicle purchase decisions have a significant impact on the company’s bottom line. You need to be sure that you have done your research and carefully considered what features are most important to your company’s driving needs before purchasing any type of vehicle for your fleet.

With the rising number of new car options in the market, it’s time to consider what you really need and how much you can afford before purchasing a new fleet vehicle.

4 Things to Consider Before Purchasing a New Fleet Vehicle - rows of minibuses image
Image by Markus Winkler from Pixabay

1. How much does each driver spend on gas?

There are several factors that go into how much a driver spends on gas including the distance to drive, the number of miles per gallon, and the cost of gasoline in their area. Of course, electric vehicles are now also a consideration, as are hybrid ones.

2. Should you lease or should you buy?

The decision to lease or buy a new fleet vehicle is an important one. It should be made with careful consideration of the company’s needs, including how much it will cost to maintain the vehicle over its lifetime.

3. Look at the overall cost of ownership and maintenance of different makes in comparison with each other

Which vehicle option is the best value for your money? The cost of ownership and maintenance of a car or truck can vary significantly depending on the make. It’s important to know these costs – servicing, replacing truck tyres, replacing various other parts – before deciding which vehicle you should buy.

4. Consider how often you plan on replacing them in comparison to when they will need an expensive repair or replacement

As vehicles get older, they start to require more maintenance and repairs. To avoid spending a lot of money on vehicles in the long run, it is a good idea to buy a new one.

Replacing an old car or truck with a new one can be costly for fleets. They have to account for the depreciation in the value of their previous car and they would need to put money aside for future repairs. But if fleets invest in a new vehicle that may cost them less than what they would have spent on their old one, then that is an obvious choice.

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