KeeResources publishes vehicle whole-life costs white paper
The white paper looks at the impact of Employers' NI, tax liabilities for drivers, fleet insurance, company car and fuel policy. It advocates reviewing car policy often as reviews will avoid getting caught out by escalating end of life vehicle running costs and take account of new models and specification changes.
Establishing minimum standards of specification to help meet duty of care responsibilities are recommended as well careful consideration of SMR and disposal route arrangements. Leveraging whole life costs as a negotiation tool with suppliers and amortising optional extra costs over the operating life of vehicles are other recommended tactics to consider.
Author Mark Jowsey, commercial director at KeeResources, said: 'The white paper investigates key tactics to pursue to consistently lower costs. It advises on how to avoid decisions that will increase future costs, as well as to how to
factor in broader HR and duty of care considerations. The white paper is aimed at fleet managers seeking an introduction to whole life costs as well as experienced users looking for new tactics.
'Whole Life Costs are a forecast, and optimally fleet managers need to use a tool that allows adjustments to be easily made to reflect changing individual circumstances governed by key factors such as disposals' performance, SMR arrangements, fuel policy and supply terms.'
Free copies of the complete white paper are available to download at http://kwikcarcost.com/downloads/?action=signup