This last one is particularly common, or it should be. According to some data made public by the leasing broker Funding Options, at present there are 10% more ageing vans on the road in the UK compared to a year ago—there were 1.19 million vans at least a decade old in 2015 as opposed to 1.08 million in 2014.
The cause of this is apparently is down to the fact that businesses are still impacted by the credit crunch following the banking collapse of 2008—smaller companies are still having trouble getting bank lending or funding and therefore putting off decisions to upgrade their fleets.
Though waiting for a more suitable time to replace vehicles can be wise, in some other cases vehicles that are not replaced in good time can only damage a company: they might start to create an unprofessional public image as well as leading to the additional maintenance and repair costs that you wouldn’t associate with newer vehicles. The risk of a sudden breakdown incurs more costs, not only in terms of servicing the failed vehicle but also in delays to deliveries, cancellations and the trouble caused in having to rearrange driver schedules.
Old vehicles—by this we mean any vehicles that are not able to guarantee a satisfying performance, regardless of their physical age—in fact
· Tend to need more servicing
· Consume excessive fuel
· Also tend to look old
· Need more work to be compliant.
In any of these cases, you not only need to know when it is necessary to change vehicles but also how to save money from other tasks or aspects of your business you might not be aware of.
Furthermore, if you have a complete history of your fleet and vehicles regarding the journeys undertaken, servicing and fuel consumption, you will become more cognisant of just when it is necessary to replace them with newer vehicles. This is a great help as you are also able to detect issues and avoid ‘sweating’ a vehicle that is no longer efficient; and any money saved can be invested in new acquisitions.
If you want the situation under complete control and to take advantage of instant savings, plus the ability to make informed decisions regarding your vehicle purchasing process, talk to us.
