Renting A Commercial Van As Part Of Your Fleet Management Strategy
Managing a commercial fleet means making sure that you have an appropriate vehicle available whenever you need it, but that you donâ€™t have so many that it is costing you money that you donâ€™t need to spend. You also need to manage the number of drivers that you have, and that can drive each of the vehicles, while maintaining the vehicles and other equipment that you use during any delivery or collection runs.
As well as buying trucks and vans, other options also exist, and renting a van may prove a more beneficial alternative when compared to the upfront cost of buying a new vehicle especially if you only have a short-term need. Maybe one of your regular vehicles broke down and needs repairing, or you have a one-off job that needs fulfilling. Even if you are experiencing a higher than normal rate of orders that need delivering, it may prove beneficial to rent a van rather than to buy one if you are unsure whether the increased demand will continue on a long-term basis.
Renting does not require the same up-front costs as buying a van or truck. This means that you are left with capital that you can spend on other things, like paying for marketing or to expand your premises. Alternatively, if you simply donâ€™t have the cash flow to be able to invest in buying a new truck, then a rental offers a more financially viable alternative. You will need to pay for the rental, obviously, but even a long-term rental will cost a fraction of the price of buying new.
It is possible to buy second hand vans and trucks, but there is a degree of risk involved in this. No matter how many checks the vehicle has before you buy it, there is always the possibility that it could break down or need serious repairs within a few months of buying it. At this point, you not only have to pay for the repairs but you will be left in the position of not having the vehicle while those repairs are made.
Not all van requirements are long-term requirements. You may have a one-off contract that needs meeting, or even a short-term increase in demand. Many companies have seasonal fluctuations in their purchases, and buying a new van to meet increased demand that might only last a month is unlikely to prove the best use of your resources. If you are considering purchasing, but are unsure of what to buy, or you have to wait until more cash comes into your business, then a short-term rental enables you to meet your delivery requirements.
Renting a van means that you can benefit from accessing the vehicle that you need to meet any short- or long-term needs, but without having to find the cash outlay that is required to purchase. Depending on the rental service that you use, you can also enjoy access to additional features and benefits, such as being able to use your own business insurance and saving money on the rental in this way.
Nationwide Hire UK enables business customers to book van and truck rentals, allows the use of your own business insurance, and can even arrange for last minute rentals so that you can manage your fleet more efficiently.