What is meant by running costs?
The running costs is the overall running costs of the fleet vehicle including SMR costs, depreciation and fuel costs. Over the course of the term whether your fleet runs a replacement cycle or your company has contract hire leasing agreements, the vehicles will be costing the company money, effective management of these costs can effectively save companies thousands of pounds every year.
A vehicle’s running costs can be impacted by a variety of different elements, from the co2 emission tax to the mpg the vehicle can achieve and the depreciation rate of the vehicle and all of these should be considered.
Car running costs calculator
With the Fleet News car running costs calculator you can search makes and models to find out the running costs to help with the selection process of your fleet. We also have fleet van running costs tool for the commercial vehicles in your company’s fleet.
By having a more stringent approach to running costs, significant savings on a day to day basis could be made for fleets, careful planning and effective fleet management is needed.