Funding

There are plenty of things to consider when thinking about fleet funding and how to effectively manage these costs. From outright purchase, rental and contract hire, fleets have a range of different vehicle funding options to them. As well as considering a few of the points below;

Available cash for funding vehicles vs utilising the same cash for core company needs.

Tax implications of different funding routes.

Type of vehicles operated.

Balance sheet implications, if appropriate.

Attitude to risk and exposure to maintenance and residual value costs.

Importance of budgeting/cash flow.

Fleet management expertise available.

How central managing a fleet is to the business concerned