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Owning a fleet of business cars is a lifelong ambition of many entrepreneurs. There are few things more satisfying than sitting back in a plush leather chair, and looking out of your window at the line of matched vehicles covering your forecourt. After all, it says a lot about your enterprise: that you’re successful, profitable, and ready for the world to know your name.
However, owning a business fleet is not without its downsides. It carries a whole host of new costs and responsibilities to be heaped at your door. Financially speaking, it can be a nightmare, particularly when fuel prices are high. In these instances, simply keeping your fleet on the road can be tricky. So, to help you out, here are three top tips for fueling your business fleet.
Tip #1: Store Fuel Onsite
One of the best ways to stay on top of your business’ fuel costs is by bulk buying fuel and keeping it onsite. Companies like Commercial Fuel Solutions offer some particularly useful products to help you, such as bunded fuel tanks that have been specially constructed for business use. Once installed, they allow you to bulk buy oil for your vehicles, so that you can get your hands on it at the best possible prices. They also minimise the need for trips to the petrol station (and all of the hassle and fuel usage this entails), whilst making it far easier to keep tabs on your employees’ consumption.
Tip #2: Choose Vehicles that Run on the Same Fuel
Another tip for keeping fuel costs down is to assemble a fleet that all run on the same fuel. Ideally, this will be the cheapest fuel on the market, but the most important thing is consistency. The reasons behind this are simple: it makes storage a far easier task, and allows you to benefit from bulk buying offers to a greater degree. After all, if you have two bunded fuel tanks, and all of your vehicles are fueled by diesel, then you can fill them both to capacity whenever diesel is at its lowest price.
Tip #3: Bulk Buy
As we all know, the price of fuel fluctuates, so one of the best ways to keep costs down is to buy it in bulk when prices plummet. Sometimes, the sheer volume that you need will mean that you can negotiate further bargains, but even if you can’t, making sure that you can store fuel onsite means that you can always take advantage of the very best deals around.
Cut your company costs today with these three top tips.
I actually really appreciated these tips for fueling. I liked your tip to buy in bulk. I can see why it would be smart to invest into more gas tanks, and to take advantage of gas when the prices are low. Thanks for sharing these tips!