Fleet News

Effective fleet funding advice

Fleet managers have been advised to guard against complacency over fleet funding methods in the face of growing economic uncertainty.

The warning was made at last week’s Lloyds TSB Autolease fleet best practice workshop by KPMG employment tax advisor, Brian Cooper and Lloyds TSB Autolease’s head of consultancy services, Marcus Puddy.

The pair assessed different means of funding fleets and prescribed what the most effective options are for different types and sizes of fleets.

“As we face an economic downturn, rising tax and heightened restrictions, it is more important than ever that fleet managers gain the maximum possible value from their fleets,” said Mr Puddy.

“The right funding method is key, but being aware of other issues is also vital for cutting costs.

"Vehicle choice, for example, will become more important as the government sets further restrictions and costs as part of its green agenda.”

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