HYBRID and plug-in hybrid vehicles have been at the forefront of fleet acquisition over the last three years or so. Compared with 12 other European markets, UK fleets not only lead on the hybrid front, but are in second place when it comes to future EV use. Research from Arval has shown that larger fleets that are really taking the [...]
THINKING of getting a hybrid as your next company car? Then it’s best to fully understand just what a hybrid is. It almost always refers to a petrol-electric combination where the vehicle uses electricity stored in batteries and petrol. These usually charge their own batteries using the petrol engine. It may be that is all the petrol engine does – [...]
OVER the past few years, there have been significant changes to way SMEs acquire and fund their vehicles. In the leasing sector, increasing BIK tax rates, diesel demonisation, WLTP and economic uncertainty surrounding Brexit have contributed to an 11% drop in business fleet leasing according to recent figures from the SMMT. Many SMEs are opting to move from traditional company car [...]
There’s so much choice and there are plenty of things to take into consideration, each affecting a range of operational factors such as the company finances, brand image, employee welfare etc. So, break the process down into stages and see how the options line up against your criteria. Once you have your shortlist, points for and against should be considered [...]
Do you buy or lease? You need to review your options carefully: is leasing better than buying before making your final decision. Leasing instead of buying has many advantages over traditional hire purchase agreements. Should a business buy or lease a vehicle? If you are wondering which option makes more sense, then let’s take an example of a car with [...]
FOR SMEs, a company car scheme is a necessity, where a means of transport is vital for the employees to do their job. A company car scheme is run for varying reasons, but mostly because there are a number of employees who need to use a vehicle to carry out their business. However, many companies also offer a company car scheme [...]
Running an EV still requires a certain amount of forward planning. If you are an SME thinking about investing in an EV fleet best make sure you have the right charging infrastructure in the workplace.
Nearly all company cars are leased and from the chairman to the travelling salesman the list of new cars available may incorporate restrictions on CO2 or safety ratings to help keep those leasing costs down.
You might not want to make long term commitments to new vehicles due to the potential impact of political decisions such as higher VED charges and increases to benefit in kind (BIK) taxes.
DEALING with vehicle management used to be complicated, mountains of paperwork, unexpected charges, time-consuming admin, and countless legal responsibilities. Any business that has a fleet of vehicles needs to ensure the vehicles are kept fully functioning. The right policies combined with the right technology can make managing a vehicle fleet much easier on the company's time and budget. Fleet management [...]