VEMA’s Fleet Management Best Practices recommends that you follow industry best practices when managing your fleet.
- Select the right lease term. Select the lease term that best reflects the intended use and conditions of the vehicle.
- Keep your vehicles in good condition. Vehicles that have been maintained throughout their lives bring higher resale values, saving you money on your lease settlements.
- Rotate vehicles regularly. Rotating high and low use vehicles allows you to balance uneven use and ensure you’re on target with each vehicle’s lease term.
- Adhere to your replacement cycle and maintain a younger fleet. Younger vehicles are under warranty, cost less to operate, and significantly reduce unscheduled driver down-time. They’re also more environmentally friendly since they have lower emission levels.
- Reduce the cost of short-term travel by leasing a vehicle for a group of employees to share. Lease a shared vehicle or pool where you have drivers who rent vehicles or submit reimbursements for business use of their personal vehicles regularly. You’ll reduce the amount you spend on rental vehicles and driver reimbursements.