Retaining the value of your fleet
Source: Exchange and Mart Whether you own a fleet of large commercial vehicles to meet the demands of your logistics business or an array of executive cars to facilitate your mobile sales force, making sure you retain the value of these assets will be one of your top priorities as a business owner. While depreciation is an inevitable part of car ownership, that doesn't mean that there aren't ways you can reduce the cost to your business.
Buy from Reputable Dealers
Perhaps the easiest way you can ensure that you fleet retains its value is by limiting your search to reputable dealers only. While this may cost more initially, you’ll benefit in the long-run as these vehicles will be guaranteed to a high standard. In most cases, any vehicle that passes through a trustworthy dealership will go through a technical inspection before it’s placed on the shop floor. This will identify and correct any mechanical problems present.
Buying from creditable dealers also means that this vehicles will come with a thorough log of its repairs and services over the years. While fleet vehicles are generally treated well, that doesn’t mean you should neglect the service history of any vehicle you intend to buy. If the seller can’t provide you with this, that could mean that it hasn’t had correct work done and you could be purchasing a major headache for yourself in the future
Choose Cars That Hold Their Value
In the past, business owners would buy fleet vehicles on one criteria: their price. To appeal to this kind of buyer, manufacturers would produce cheap, bare-bones vehicles which often didn’t include even basic features like air conditioning. While this meant that business owners were paying less up front, since these kinds of vehicles typically had next to no resale value the additional costs hit them back in the end. These days, it makes much more economical sense to buy vehicles that hold their value.
Those in the market for executive vehicles will be aware that large saloons are not renowned for retaining their value. However, premium brands like Mercedes typically have a stronger showing and. You can expect the E-Class to perform better in used outlets than other similar vehicles thanks to the company’s new commitments to improving its residual values. Similarly, according to a study by pricing experts Glass, brands like Audi, Land Rover, and Nissan also performed above average in the second-hand market.
Author's bio: Exchange and Mart is one of the UK's best loved classified brands, and has been helping individuals and businesses to buy and sell for over 140 years. Today, with a monthly audience of 7.1 million, ExchangeandMart.co.uk is one of the UK's leading classified sites, establishing our rich heritage online.
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