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fleet vehicle replacement guide

A Best Practice Guide to Fleet Replacement

For your fleet

Managing a fleet is more than just supplying your employees with cars; it’s about 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.

 

Optimum Replacement Timing

So, how do you identify that sweet spot in the whole-of-life cycle of your vehicles when it is the optimal time to replace those vehicles?

We discuss this across a number of different vehicle sizes in our whitepaper, below.

 

Download the whitepaper:

LeasePlanLeasePlan: Driving Insights

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