Insights
Unless businesses consider the risks associated with owning and operating a fleet, there is a real risk that they could be losing out financially.
Vehicles are expensive, and can often be one of the highest costs to your business. The question is, how do you know if you are getting the most out of your vehicles? And, more importantly, how do you avoid making mistakes that will cost you money?
Saving fuel has always been a debate around the BBQ. Does having your air conditioning on waste fuel versus having the window down? Restarting your engine burns more fuel at a stop, and is fuel really at is cheapest on a Wednesday?
Relying on drivers to collect the right kind of data for calculating Fringe Benefits Tax (FBT) for fleet means many businesses choose the easier statutory method of reporting, rather than the operating cost method.
1. Choose models and variants that minimise depreciation
Drive a low KM quality vehicle at lower FBT exposure for less monthly rental than a new one.
Insights
Unless businesses consider the risks associated with owning and operating a fleet, there is a real risk that they could be losing out financially.
Vehicles are expensive, and can often be one of the highest costs to your business. The question is, how do you know if you are getting the most out of your vehicles?
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