{"id":2465,"date":"2021-01-25T17:39:09","date_gmt":"2021-01-25T17:39:09","guid":{"rendered":"https:\/\/www.chevinfleet.com\/en-us\/?p=2465"},"modified":"2021-08-24T12:59:55","modified_gmt":"2021-08-24T11:59:55","slug":"how-to-reduce-your-fleet-management-costs","status":"publish","type":"training","link":"https:\/\/www.chevinfleet.com\/en-us\/learning-zone\/how-to-reduce-your-fleet-management-costs\/","title":{"rendered":"How to reduce your fleet management costs part 1: buying, selling and funding vehicles"},"content":{"rendered":"
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The sooner you understand your fleet costs, the quicker you can learn how to reduce them. Here\u2019s how to do it\u2026<\/strong><\/h3>\n

Have you been challenged by your company to reduce costs? The likely answer is yes as businesses look to rebuild in the aftermath of the Covid-19 pandemic and hit on profits.<\/p>\n

As a fleet manager you\u2019ll have to look at two distinct areas – capital and operational costs.<\/p>\n

Effective fleet cost management allows you to develop an understanding of all financial aspects of the business \u2013 where and how money is being spent and areas where it needs to be reduced.<\/p>\n

How can fleet expenses be reduced?<\/strong><\/h3>\n

Before you do anything else, our advice is to do your homework. You need to know exactly how and where money is being spent. Doing this puts you in a strong position to better manage spend, creating the ideal opportunity to reduce costs.<\/p>\n

So, what are the costs associated with fleets? We have split these into capital costs and corporate costs\u2026<\/p>\n

Capital Costs<\/strong><\/h3>\n

The capital costs of your fleet include:<\/p>\n