While investing in car fleets remember these three things. Seek expert opinions, Consider all requirements, and decide whether to lease or buy. A car fleet can be a wise investment for any organisation. And this doesn’t just apply to vehicle companies – any agency can benefit from owning or leasing motors.
Fleets can maximise performance in delivery services, employee travel and increasing brand awareness. Some companies are even achieving this while protecting the planet.
The advantages explain why businesses are using car fleets more and more – but how exactly can you be sure that this is the right decision for your enterprise?
1. Seek Expert Opinions
Gaining advice from experts on all vehicle services – including car fleets – can reap huge benefits for potential investors. Specialists in the market, like CAP HPI, can provide reliable valuations, lifecycle insights and lots of other useful information on all types and makes of vehicles.
Taking advantage of this kind of outside advice could help you secure the fastest, most dependable automobile for your company. In turn, doing this increases the potential for company performance.
Established expert services can also deliver trustworthy tips on current and future trends in the market, which could help you consistently monitor the profitability of your car fleet.
2. Consider All Requirements
Whether looking for two or twenty vehicles for a car fleet, taking all options into consideration can reap huge rewards. As well as fundamental points like size, passenger capacity and budget, noting aspects like MOT history and mileage could mean big savings in repair and maintenance later on.
Similarly, businesses wanting to display prestige at all times – wherever staff may be situated – could prevent the risk of car depreciation by investing in a metallic paint job. Avoiding slips in value can make selling fleet vehicles at a later point far easier – and so pinpointing every detail before buying may just ensure a wiser purchase.
3. Decide Whether to Lease or Buy
Understanding how leasing or buying fleet vehicles could affect your business could be paramount for making the right final decision. Because they offer some of the best deals on the market, partnering with a car leasing company means that you secure some of the best rates available. You’re also only covering the cars depreciation value for a limited period – the time during which you use it – so paying to maintain its lasting value is not your responsibility.
So long as the car remains in good condition, however, buying an automobile is likely to guarantee investment in the future. A fleet with multiple vehicles could therefore increase company revenue by a large amount, should directors want to sell them later down the line.
Whichever route you choose, remembering to compare the highs and lows that both leasing and buying can offer could make for a more prudent car fleet investment.
Deciding on what’s best for the performance, productivity and growth of our business can be difficult – even when we have a clear idea of what we want in mind. But when it comes to car fleets, our advice could support you in making the most of this venture for your company.
The automotive industry deals with the manufacturing, distribution, retailing and installation of all vehicle parts, chemicals, equipment and accessories. The automotive aftermarket industry also does the same but after the sale of the automobile by the original equipment manufacturer (OEM) to the consumer. In other words, we can say that the automotive aftermarket is the secondary market of the automotive industry. This is quite possible that the OEM may or may not manufacture the parts, accessories, etc. for sale.
More about aftermarket parts
According to a report by the International Trade Administration in the Department of Commerce,” Aftermarket parts are divided into two categories: replacement parts and accessories. Replacement parts are the automotive parts built or remanufactured to replace the OE parts as they become worn or damaged. Accessories are parts made for comfort, convenience, performance, safety, customization, etc. and are designed for add-on after the original sale of the motor vehicle.”
The range of the aftermarket covers all vehicle makes and models. It supplies a wide variety of parts like aftermarket chrome truck bumpers, etc. with varying qualities and prices.
Things to consider while doing the aftermarket business:
The aftermarket parts are easily confused with the new parts in appearance. You should assign separate part numbers to them and keep them in the separate section of your parts warehouse.
In case your dealer management system (DMS) does not accept the separate part numbers, you will have to track the inventory through some other system. A Microsoft Excel spreadsheet or a Microsoft Access database can serve you in this regard.
A number of states and countries have laws requiring dealers to account for the sales and gross profits with the aftermarket parts. There may rise problems if your existing accounting system does not integrate with the information. So, you should look into the matter and solve it.
Things may become tough for your business if your parts staff does not have a thorough understanding of ‘reusability guideline’. Experienced and trained personnel alone can determine whether or not the part meets the reusability guide.
Only a few good distributors are specialized in selling used-parts because they have got specific training in this regard. You should ask the manufacturer’s service department to facilitate you with the guidelines they have established.
You should deal with the customers, purchasing used parts, keeping in mind that they are always willing to pay 65% to 80% of the new parts. So, be vigilant to earn your share.
A gross profit of 35% to 50% is always expected in this part of the business. You should try to mature your deals ensuring this very range of profit.
You should create a competitive advantage for your Service department.
You should look for a reliable source for securing good used parts if your dealership is not prepared to establish the systems, processes and trained personnel.
Hence, you must consider the above-said points while running the aftermarket automotive business.
Luxury cars are often arena as the dream cars and are often a favourite among the high-end executives, wealthy business tycoons, and celebrities. These cars are known to be the ultimate in everything, the looks, the driving experience, the technology, the comfort and of course the prices. However, as they say, you get what you pay for, and luxury comes with a price! You can expect the latest infotainment and highest levels of in-car technology and connectivity systems in these machines for the road.
Here are the leading luxury cars to look forward in 2018.
1. Mercedes-Benz S-Class
Mercedes-Benz, the new S-Class is truly exceptional when it comes to functionally. The long-wheelbase saloon may not look seducing as the Jaguar XJ, but the engineering behind gives it an unprecedented torsional rigidity. So, you can steer precisely and enjoy a smoother ride in its supremely comfortable and spacious interiors that are bedecked with technology. For those wondering how they can make up for that extra cash, can always count on CashLady and bridge that gap.
Tesla Model S is a machine that takes the credibility and rage to a new height in luxury. You get four battery options, and the 415bhp electric motor can easily make a credible 393-mile range. One wonders how precisely and effortlessly one can take off with this super saloon, known for its ferocity. You will love its quiet, premium cabin, the hugely credible steer that is sure to give you a futuristic feel.
4. BMW 7 Series
BMW 7 Series is the latest version is BMW and goes all out and all to crack the luxury saloon market. You get a choice of two wheelbase lengths plus a combining adaptive and pioneering infotainment system. The powerful and efficient engine is much more poised, and this is what makes it rank high amongst the rivals in the luxury stakes.
5. Jaguar XJ
Jaguar XJ is the most confident and forward-looking in this segment. With an excellent chassis and handling, the sportiness is reflected in those sleek lines. There is both drama and class in this car that carries the aloofness of a Mercedes S-Class and sportiness of a Maserati Quattroporte. With an exceptionally classy design and modern style, the Jaguar XJ is the one for you if looking for the optimum in luxury.
Buying a used car can often take longer than expected. Even if you know exactly what it is that you want, finding it at a decent price can be a challenge. Buying used is often advantageous to going for the first-hand option – although that is not to say it is without its limitations. The fact is, the used car market is extremely broad and versatile – but it has its issues. Add to this mix the fact that there are so many models to choose from and suddenly you have a real headache. Nonetheless, it doesn’t need to be like this.
What to Ask When Buying a Used Car
There are some basic steps you can take to make buying a used car a walk in the park. If that sounds like something you would like to know about, then read on. Here are some unmissable pieces of advice on buying a used car.
1. Set A Budget
It is vital, before you do anything else, to set yourself a budget. It is important to do this first, for a few reasons, most of them obvious. Above all, having a budget in place at the very beginning means that you are structuring your search for a car. This is beneficial, because it means you are much less likely to waste any time. You won’t, for example, find yourself going to a dealership which you know is beyond your range. It also makes researching the potential cars much easier, as you can rule out any outside of your budget. When you set your budget, be realistic, but give yourself some scope. It is more beneficial to have a range than a fixed figure. However, ensure that you have a lower as well as an upper limit. This stops you from settling for something of poor quality.
2. Consider A Dealer
For many people, the idea of buying a used car brings to mind shady private sellers. However, this doesn’t have to be the case. It’s true, there are many private options out there. However, that route is rife with potential dangers and drawbacks. Most people find that, on the whole, they feel safer if they use a dealer. You are not necessarily going to pay any more for your car. However, you will know that you can trust the person you are conducting the deal with. And that is a peace of mind worth any amount of money.
3. Do Your Research
Without anything in the way of guidelines, it is all too easy to find yourself aimlessly searching through reams of cars. This might all be to no avail, in which case it is little more than wasted time and energy. Finding a decent car can take long enough as it is. With that in mind, make the process much easier on yourself – and faster – by carrying out some research first. If you go into the marketplace with a clear idea of what kind of vehicle you are after, that’s great. You will be saving yourself a great deal of time. Then, it’s just a matter of shopping around until you find your dream car. This can take time, so remember to have patience.
To some people, buying a used car is like betting all your money on red at the roulette table. You just don’t know what you could end up with! Of course, plenty of guides online show you how to be a savvy car buyer. There’s even a helpful guide here on this blog!
But, what you don’t usually hear from people is what to do post-purchase. Yes, driving your new (used) car is the obvious answer. But, no-one really talks about how to make the vehicle in tip-top condition.
All too often, people buy used cars and just drive them. They seldom do any exhaustive checks to make sure they are 100% roadworthy. Yes, the car might have an MOT on it. But, that only means it was roadworthy at the time of the test. As you can appreciate, anything could have happened between then and now!
If you ask anyone that knows me, they’ll tell you how I scrutinise the cars I buy. If you want years of trouble-free motoring, you should be doing the same thing too! Here is what I do whenever I buying a used car:
1. Give the car a thorough clean inside and out
Let’s face it. Used car dealers seldom spend much time making the vehicles they sell look like new. They might do a quick wash and rinse, and let nature dry the vehicle. You might even be lucky if they spend some time vacuuming the interior. But, that’s usually as far as things go.
I always give my used cars a comprehensive clean. Why? First of all, I can determine if there is any rust or panel damage. And, inside the car, I can check for any damaged interior trim panels. A thorough clean of the car ensures that you know what you’re working with!
2. Steam clean and degrease the engine bay
Sticking with the subject of cleaning, I turn my attention to what’s under the bonnet. Using a small steam cleaner and degreaser spray, I can wipe off any oil and dirt. I usually attack areas around the engine block. I also turn my attention to the oil sump.
Why do I do this? If there are any leaks, I want to know where they come from. A clean engine bay makes locating the source of a leak easy.
As a rule, I usually get out to fit new rubber tyres for me. The only time I don’t change the tyres is if I know they are new. One way to be sure is by checking the manufacturing date stamp on the sidewall.
4. Replace the brake discs and pads
The thing about vehicle brakes is you seldom know what quality of parts got fitted. In fact, you don’t even know if they got fitted correctly by the previous owner!
Brake discs and pads aren’t difficult to change. All you need is a few basic tools, axle stands, and a trolley jack. Just make sure you stick to well-known brands. I also recommend “bleeding” the brake fluid for a sharper pedal response.
5. Have a “cam belt kit” fitted by a garage
Now here is one of those mechanical jobs that are best left to a garage. You might not know it, but the cam belt isn’t the only thing you should check. The tensioners (the “rollers” they fit on) and the water pump should also get replaced at the same time.
Whenever I buying a used car, I always get a new cam belt kit fitted. Let’s face it. It’s cheaper to pay £300 for the work and have peace of mind than £1,000+ for a new engine if your cam belt snaps!
6. Carry out a service on the car
At the same time as having the cam belt kit fitted, I usually have the engine serviced too. Believe it or not, it works out cheaper to have all this work done at the same time. Aside from the oil and filter, I like to have the coolant, brake fluid and power steering fluid replaced.
Doing so means that the car will now run on fresh fluids. I don’t have to worry about it overheating or under-performing!
7. Go on a long motorway journey
Today’s modern cars often suffer from one thing. People don’t drive them on long distances! As a result, the upper parts of the engine get coked up with carbon deposits. One way to clear all that carbon is by going on a high-speed motorway journey.
In essence, you are “blowing away” the deposit from the engine. It’s also a good idea to do that in a diesel car. In either case, short journeys can block up parts like the EGR valve. When that stops working, your engine’s emissions will rise. Plus, the car will run rough and use more fuel. And last, but not least, it could even cause the car to fail its next MOT!
Just be sure to fill up with fuel before you set off down the motorway!
8. Get some breakdown cover
The final thing I do whenever I buy any used car is to take out breakdown cover. It doesn’t matter whether you get cover from the AA, RAC or Green Flag. What does matter is that you’ve got some backup should your car stop working on the road.
There’s nothing worse than trying to deal with a mechanical emergency on the roadside. Especially if you happen to have your family in tow with you.
I hope you’ve found this blog post useful today. The points I’ve made might seem a bit overkill to some people. But, they are necessary for trouble-free motoring!
A reasonable loan? Does such a thing even exist? Don’t you just walk into the dealership, pick a car, and end up with crazy interest rates and fees? Well, you could, or you could take charge and find the best loan for you.
In today’s modern age the times of dealership loan oppression are long gone. More and more tools are surfacing that allows car buyers to take charge and take advantage of a loan that not only makes sense but is also more affordable. Best of all, you won’t need a college degree to be knowledgeable about where to find them.
Now, you might be saying, “Hey, why don’t I just take the bus, or use a BlaBlaCar?” For some people, that is a fantastic option, but statistics show that 75% of people in the UK own at least one car. The need to own your own vehicle is still a strong one, and with that comes the need for a quality loan as well.
With that being said, here’s how to find the best loan possible.
First Things First
Everyone knows that their credit score is a major factor when applying for a loan, but not everyone knows what their score looks like. In the past, you would have either taken the lender’s word for it or had to pay to view your own score, but with sites like clearscore.com, you’ll be able to see how your credit stacks up for free.
If your score isn’t the best out there, don’t get yourself in a panic. Paying off any existing loans or outstanding bills is a great way to boost your score. Even the slightest increase can open up a wide range of possibilities in finding the ideal loan.
Learn the Lingo
Lender jargon can often be a tad bit confusing, but knowing some critical definitions can make a world of difference for you. For instance, if you were presented the option between a fixed or variable rate which would you choose? Probably the one with the lower rate, right?
While variable rates often offer a lower initial cost, they can change at any time based on an index. Often times that leads to you paying a drastically higher rate as it continues to increase over time. Ultimately, you may end up paying a whole lot more than you bargained for.
Skip the Dealership
Sure, you’ll be buying your car from one, but that doesn’t mean you have to take the loan that they offer. You’d be surprised at how many affordable, better quality loans are available from either a bank, credit union, or other auto loan lender. You are more likely to find a better monthly payment with a lower interest rate anywhere outside of the dealership.
Choosing a separate lender will also allow you to skip the fees associated with the dealer acting as the middleman. Finding a good auto lender will also allow you options for refinancing, as well as a more personal experience in most cases. Plenty of online lenders also offer helpful FAQ’s, and other online tools to help you in the car buying process.
Tools to Succeed
The above are only a few tips to get you started in the right direction. If you really want to be in control of your auto loan you can take advantage of loan calculators, side by side lender comparisons, their pros and cons, and a slew of helpful advice right here. Using the tools available to you will ensure that you never end up stuck with a miserable loan again.
When shopping in the used car market, it can be difficult to know what to look at with so much variety on offer. One of the best approaches to take is to look at the cars available from the best brands – if you purchase from one of the top manufacturers, you know that you are getting a high-quality, reliable and efficient vehicle.
Here are a few of the best vehicle brands to look out for:
Peugeot vehicles are seen everywhere in the UK and this is for good reason. The French manufacturer is known for building incredibly reliable automobiles with many of their models from the 50’s still being used in Africa and Cuba. Additionally, Peugeot has a car in practically every sector too.
Following on from this, Citroen is part of the PSA Peugeot Citroen group so you know that you are also getting quality with this manufacturer. One of the key selling points of Citroen is that many of their models are excellent value for money and espe-cially when you are looking at a used Citroen from a reputable dealership.
Ford is one of the most recognisable brands in the entire world, so you know that each of their automobiles will be a smart investment. They are the biggest car brand in the UK with a focus on family motoring with iconic vehicles like the Focus and Fiesta always amongst the best sellers.
Vauxhall has been the second-largest-selling car manufacturer in the UK for over 20 years and they are another brand that has a high-quality automobile in every sector. Whether you are looking for a small city car or a large SUV, you cannot go wrong with Vauxhall.
The Volkswagen badge is synonymous with reliability and the German manufacturer has a long history of creating well engineered and safe vehicles in each class, with the VW Golf consistently being one of the best selling vehicles in the UK.
They may be expensive, but Mercedes-Benz manufacturer the most luxury and sought after vehicles in the world. In addition to their prestige, Mercedes are also known for their innovations and technology too.
You cannot go wrong with any of the above when shopping in the used car market. When you purchase a used vehicle from one of the top brands, you can rest assured knowing that it is of the highest quality and will not let you down. The above are all UK favourites and brands that manufacture the some of the finest available vehicles.