4 Tips For Saving Money On Fleet Maintenance
Posted on: 8 January 2015
As a business owner, you probably spend more on your commercial fleet than you would like. Routine maintenance can be costly enough for one personal vehicle, and it can become much more expensive if you have multiple commercial vehicles to take care of. To help improve your company's profit margin while still taking excellent care of your company vehicles, follow these tips.
They can help you save more than you think, and the maintenance on your vehicles won't have to suffer one bit:
1. Cut Costs on Fuel
One of your biggest costs is probably paying for fuel for your commercial fleet, but there are ways that you can cut costs. Along with looking for vehicles that get good fuel economy and keeping them well-maintained, you can also sign up for loyalty cards from fuel stations that your company uses frequently. Also, consider using online services that allow you to shop for the lowest fuel prices, then advise your drivers about which stores to visit when they fill up.
2. Pay With a Company Credit Card
Whenever possible, use a company credit card to cover all fuel costs and maintenance charges. Not only will this make bookkeeping a whole lot easier, but you can also earn cash back rewards and other perks for spending so much on your company credit card. If possible, look for a company credit card that offers the most lucrative perks possible. Even though these perks can seem small, they can really add up when you pay for all of your maintenance with the card.
3. File it On Your Taxes
Don't forget to file fleet-related costs on your taxes! Save all of your receipts, no matter how large or how small, when you spend money on things like acquiring vehicles, maintaining your current fleet, paying for fuel and more. Then, give these receipts to your accountant or bookkeeper to secure significant tax-related benefits.
4. Hire a Fleet Maintenance Company
One great option is to hire a fleet maintenance company to cover maintenance for your commercial vehicles. These companies know how to cut costs on fleet maintenance and can help you avoid the need for an on-site mechanic. Plus, you can delegate all of the stress to someone else so that you can focus on other aspects of your business.
Fleet maintenance can get very costly, but there are ways to save money. Give these tips a try, and you can save your company a significant amount of money.
Share