6 Cost-Saving Ways to Acquire Vehicles

Curtailing the costs of vehicles on the road can be a challenge, but it is possible to keep expenses down. National fleet incentives and factory orders should be considered when purchasing or upgrading. And a lifecycle cost analysis should be conducted. “While different makes and models will fit your specs, they’ll each return different total costs and costs per mile over their life in your fleet,” explains Travis Mjolsnes, director of business development for GE Capital Fleet Services. “A lifecycle analysis considers not only acquisition costs and expected resale costs, but also financing, fees and taxes, fuel, insurance and maintenance and repairs. FMCs, fleet dealers and a little research on your part can help in this regard.”