The true cost of operating a fleet is being
overlooked as 44 percent of businesses use maximum monthly
rental as the criteria for calculating the cost of company
cars.
Research conducted by GE Capital shows that
many companies experience unexpected financial costs at the end of
the year.
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Gary Killeen, GE Capital’s UK fleet commercial
leader, said: “Without taking into account all the extra costs in
operating a fleet, such as vehicle insurance, national insurance
costs and the impact of corporation tax, managers can find they are
in for a nasty surprise at the end of the financial year.
“It’s important that businesses have the right
balance of all these factors when working out their best choice of
fleet.”
girish.gupta@vrlfinancialnews.com
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