Are your company car costs impacting your bottom line? Grey fleets are costing employers more than £5.5 billion a year in mileage claims and car allowance, research suggests. Grey fleets are private vehicles that are used for the business, owned by the employee.
There are several downfalls of operating a grey fleet, your business may be overlooking the potential risks. According to the Energy Saving Trust, there are approximately four million grey fleet cars in the UK – this is more than three times the number of company cars.
A report from Driving for Better Business suggested 1 in 3 directors don’t understand their legal responsibilities for fleet safety. The best way to promote safety is by establishing standard policies, for your organisation across your fleet. Under the Health and Safety at Work Act 1974, employers have a duty to ensure the health, safety & welfare at work, including while driving for work, of their employees.
Your vehicles must have a current MOT certificate. If you are unsure as to whether your vehicle or another vehicle is due an MOT test, you can find out by entering the vehicle registration on the Government website.
With effective management and implementation of Telematics, AdvancedFleet can help you manage mileage logbooks of your grey fleet and assist you with the most optimised route. The CCTV system will also record any accidents.
Installing Telematics on your grey fleet vehicles may take persuasion, but mileage and journeys must be recorded through logbook apps to prevent fines.
HM Revenue and Customs require you to be compliant with recording your private and business mileage. AdvancedFleet assists you with your calculations by using the Driving Logbook app, pictured below.
Let AdvancedFleet Telematics assist you with reducing your Grey Fleet company vehicle costs. Arrange a demo with our specialist by clicking here.
