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fleet vehicle replacement guide

A Best Practice Guide to Fleet Replacement

Fleet Management / 29 January 2018

Managing a fleet is more than just supplying your employees with cars; it’s about ensuring we are maximising the value while minimising costs, and knowing when your fleet is no longer providing that value or incurring unnecessary costs.

As a vehicle ages, its capital costs decrease while its operating costs increase, which means the vehicle will reach a point in time where it is no longer
cost-effective.

Vehicle capital costs are the monthly market value depreciation or decrease in secondary market value attributed to vehicle age and mileage.

Vehicle operating costs are all those costs incurred in keeping the car on the road – like fuel, tyres, registration, insurance, scheduled or non-scheduled maintenance, out-of-warranty repairs and temporary replacement rentals.

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