Following yesterday rise on fuel tax Smarta rounds up the best ways to save your business money on fuel:
1) FIND CHEAP FUEL
Encourage your staff to visit the website www.petrolprices.com as it enables members of your staff to find the lowest petrol prices in your area, and includes information from 9,763 petrol stations.
2) INCREASE FUEL EFFICIENCY
Convince members of staff to increase fuel efficiency by regularly checking their tyre pressure. Low air pressure can dramatically increase fuel consumption. Tell them to lower their speed too – driving at 70 miles per hour can consume almost 25% more fuel than driving at 50 miles per hour. They should try to drive more smoothly as well. If they can avoid braking sharply and only apply light throttle, this can influence car fuel efficiency by as much as 30%.
3) ALWAYS DO PLENTY OF RESEARCH BEFORE BUYING INSURANCE
Remember to warn staff not to just accept the renewal quote offered by existing insurers. Staff should try and get at least five other quotes to ensure they are getting a good deal. Websites such as gocompare.com, confused.com, tescocompare.com, comparethemarket.com and moneysupermarket.com can help them compare quotes.
4) YOUNG DRIVERS SHOULD TAKE ADDITIONAL QUALIFICATIONS TO REDUCE PREMIUMS
Young employees should consider signing up for the Pass Plus scheme so you can benefit from discounts offered by some insurers. The scheme, which takes a minimum of six hours, involves their driving being continually assessed, costs around £150. Visit www.passplus.org.uk for more information.
5) CONSIDER A CAR CLUB
If company cars are still too expensive, why not consider selling those wheels and using a car club, which enables your business to hire a car whenever you need one. According to Carplus.org.uk , if your staff drive less than 6,000 miles a year, then a car club will save them between £1,000 and £1,500 annually. Car clubs charge an annual fee, usually about £50, and then an hourly rate, starting from £4 or £5. Staff will then pay extra for petrol, although the first few miles of each journey are usually included. Daily rates are also available, typically costing about £40 or £50.
6) THINK ABOUT CAR RENTAL
If your business is an infrequent car user, then renting a car could actually work out to be cheaper than paying a membership fee to join a car club. There are no maximum mileage limits with car rental and you usually have a wider choice of vehicle than you would with a car club. According to car rental specialists Europcar, hiring a small car for a day would cost around £32, or £137 for the week.