Lowering Fleet Vehicle Expenses
Reaching your true low cost potential starts with a comprehensive evaluation of all manufacturers, equipment, incentives, fuel economy, warranty exposure and potential resale. Considering each factor helps you select fleet vehicles at the lowest cost without sacrificing the safety and productivity of your team. Enterprise Fleet Management has the vehicle selection tools and industry experience to guide you in this effort, ultimately helping you to make the right choices along the way.
ACQUIRING YOUR VEHICLES
Once a decision has been reached on which vehicle is right for your business, Enterprise goes to work to get you the best available incentives, helping you to plan proactively and to take advantage of factory ordering your vehicles whenever possible. This ensures you only pay for the options you need, ultimately driving down the cost of fleet vehicles you acquire. These practices can save you up to 5-7% of vehicle cost, reflected as thousands of dollars dropped to your bottom line each year.
Beyond the important cost factors, the time your team spends moving vehicles in and out of service is also an important consideration to make. Our account teams take on this task, managing the sourcing, negotiating, and purchasing of each vehicle for your company. We coordinate any aftermarket equipment you may need, including, but not limited to, bin packages for cargo vans, service bodies for pickups, and any decals you need to promote your business. Working with Enterprise on your aftermarket needs not only saves you money, but also helps you to handle all the logistics, so that when vehicles arrive they are ready to be put into service.
Whether you pay cash, finance or lease, Enterprise has flexible financing options that you can tailor around your capital and operating needs. With the ability to open your own line of credit strictly for your vehicle acquisitions, you have the opportunity to keep capital flowing freely for your company. We take the time to understand your operating needs and work with you on the right vehicle replacement plan and then can tailor the financing around your ideal holding period, maximizing your cash position.
Our financing options are flexible and don’t have conditions that restrict you on mileage and condition. Many of our customers operate work vans and pickups and need flexibility not only for the business climate, but also in how vehicles will be treated over the life of their holding period. We work with thousands of companies to help tailor our fleet programs to meet their unique needs. By partnering with Enterprise, you gain access to capital that allows you to free up cash for the growth of your business long term.
SELLING YOUR VEHICLES
Driving down fleet vehicle expense starts with acquisition and how you fund that transaction, but it also includes how well you sell the vehicle. Vehicle resale is often overlooked by many companies or at least does not get the same attention as the cost to acquire and fund. Our experience of selling over 1,000,000 vehicles each year tells us a different story. Having the experience and developed sales channels we have been invested in for 58 years allows us to beat industry benchmarks by up to 10%.
Just last year, Enterprise Fleet Management sold over 54,000 customer vehicles at an average of $655 over Black Book’s Commercial Index, resulting in $35.4 million in incremental value for customers.
We accomplish this by leveraging our national network of remarketing professionals who sell Enterprise Holdings’ rental fleet. Our experience helps you to maximize your results. Our expertise not only helps you sell at the highest price, but also works with you to understand how your vehicles lose value over time to help you determine the right time to sell. We know you are busy. That is why we put our infrastructure to work for you. Our account team will work with you to pick up your vehicles and handle all aspects of the sale, including negotiating the best price, coordinating necessary recon or transport, and handling all titling to complete this sale.
Keeping track of all the transactions that make up your total cost of ownership and setting up the procedures to monitor them is not easy. Enterprise offers the systems and the expertise to represent your company’s checkbook to not only save you money, but allow your team to focus on what is most important – your customers.
Tracking and analysis of your fleet’s operations day-to-day and throughout its entire lifecycle gives you confidence that you are making the right decisions to operate at the lowest possible cost.
Enterprise has been helping the needs of local and state municipalities as well as the nonprofit community for over 55 years. We understand the needs of your organization and are committed to assisting you in the management and reduction of core expenses, freeing up cash to invest in the people you serve.
Many businesses choose to offer their employees an allowance or mileage reimbursement to avoid having to manage company vehicles. Enterprise not only helps you evaluate your options to see the most cost effective approach, but offers you a fleet manager who handles all the details of managing your vehicles, eliminating the need for you to add staff.