Fleet 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
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Almost one-in four fleets intend to change vehicle funding methods
Research shines light on factors influencing big decisions as almost one in four fleets intend to change funding methods, reports Jonathan Manning.
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Operators debate the best ways to drive down costs
Debundling services, vehicle funding options and driver training top the agenda
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Reducing the stress of contract negotiations
Tendering for the right leasing provider can become a complicated and labour-intensive process, but it doesn't have to be. Catherine Chetwynd reports
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Medium-term leasing is the flexible solution
A mini-lease of 28 days to one year could better suit the changing needs of your fleet and be a more cost-effective option. Catherine Chetwynd investigates
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Insight: Blended funding
Tailoring funding methods to different vehicles instead of adopting a one-size-fits-all approach can bring significant savings. Ben Rooth reports
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HR special: Find the right balance on car choice lists
Fleets need to reconcile an attractive car benefit scheme with best practice as the economic recovery puts perk cars further up the agenda. John Maslen reports
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HR special: Is salary sacrifice the future of car ownership in the UK?
Global strategy consultants OC&C predicts that salary sacrifice could account for up to 10% of new car sales in the UK by 2025. Here it analyses its potential
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On-balance sheet funding: time to look again
Outright purchase isn’t the only form of on-balance sheet funding and it’s set to be joined by contract hire. We outline the on-balance sheet options.
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Funding insight: Getting the terms and conditions right
Contracts protect both leasing companies and their clients. Sarah Tooze reports on how fleets can get the best deal.
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Insight: Salary sacrifice – why it's time for a closer look
As more fleets embrace the tax-efficient funding scheme than ever before, we ask the early adopters if they are happy with the results so far.
