Fleet management is a significant investment for any business. Moreover, many costs are invisible and accumulate unnoticed. That is why it is essential to thoroughly analyse and optimise your TCO – Total Cost of Ownership. Be sure to keep an eye on these 5 costs.
1. Lease contract
The monthly lease cost is often the biggest expense. But did you know that there are also many hidden costs in this type of contract? Consider all-in packages where some components – such as fuel – can be cheaper separately.
2. Fuel consumption
Fuel remains a heavy cost. But by using historical data and driving behaviour analysis, you can predict and reduce consumption. Combine this with driving training and fuel-saving technologies and you save significantly.
3. Insurance
The insurance market is changing rapidly. Many companies do not review their policies, resulting in unnecessary overspending. So regular comparison really pays off.
4. Taxes
Choose your vehicles wisely. You can benefit from tax advantages – especially in the case of electric cars. A thoughtful choice will save you a lot of money in the long run.
5. Management costs
Costs for charging solutions, connectivity and suppliers can be surprisingly high. Bundle smartly and choose strategically to save here too.
By analysing every part of your fleet – from contract to usage – you will get a grip on your total costs. This way, you will not only make financially smart choices, but also sustainable ones.
Ready to tackle your TCO? Contact our team.