Global Fleet Policies
GFS helps clients develop global strategic initiatives through global benchmarking and identification of global fleet synergies and other cost savings opportunities. Our examination of a global fleet would include:
- Identifying under-utilized assets.
- Recommending vehicles appropriate to the employee’s position in the host country.
- Identifying the best practice of outright purchasing vs. leasing in each country, taking into consideration interest rates, how the client’s businesses are registered in each country, taxation, etc.
- Examination of TCO (total cost of ownership) – sometimes vehicles with higher capitalization costs offer the best value overall considering fuel, maintenance costs, resale values and taxation.
- Identifying which vehicles have a higher theft risk in each country thus minimizing insurance premiums expenses.
- Advising on eligibility of Value Added Tax reimbursement for leasing and maintenance for each country, thus recouping money paid out.
- Giving a clear view on environmental trends & issues. Advising towards more ecological & economical fleet policies.
- Identifying CO2 taxation rates per model in EU countries and how CO2 emission levels may affect taxation level & resale values.
Global Fleet Services can help you tailor a policy to suit your business:
- Be prepared for growth, mergers/acquisitions
- Structure and communicate your fleet policy
- Establish country specific requirements to match your needs to cultural, legal and monetary systems;
- Mirror senior management corporate initiatives
- Facilitate volume fleet discounts negotiations
- Maintain parity of vehicles among the various acquired entities
- Determine who oversees the fleet: Centralized / decentralized, regionalized, etc.
- Identify your type of business entity. Know local laws and regulations. Follow registration appropriate to each country. Does registration type match appropriate funding in that country?
- Establish selector based on brands available [maintenance parts and service, residual value] in the countries where you operate; leverage global purchasing power
- Determine vehicle usage policy to minimize possible driver discontent and enhance employee retention
- Incorporate risk management policy for specifications, use, cost of repair