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The start point for the best source of fleet information

SME vehicle procurement guide published by AMT

Date: 15 September 2017   |   Author: Daniel Puddicombe

Vehicle solutions company AMT has published an insider's guide to company car schemes in an attempt to help human resources professionals within SMEs ensure their companies are not exposed to risk through their company car policies.

The free guide, published on the company's website, shares insights based on several years of experience within the industry and asks 12 questions, with the responses designed to indicate to vehicle decision-makers where there may be room for improvement.

AMT claimed the guide was launched after the firm met with "a large number of SME businesses" where the company claimed the SMEs' knowledge of vehicle procurement and management "is significantly compromising their management resource and ability to manage their risks".

"Sourcing company vehicles is one of the most complex procurement processes an SME will undertake, yet it's a decision typically handled by someone without the necessary expertise and without independent external advice," said Neil Burroughs, group sales director at AMT. "This brings high risk and doesn't make commercial sense.

"These businesses wouldn't enter into capital finance or IT implementation projects without sound advice, nor would they expect to navigate tax or pension issues, for example, without expert counsel. Yet it's quite the norm for vehicle fleet requirements to be addressed without a thorough and honest assessment of the requirement and options available."

He added: "Company vehicles are expensive, depreciating assets that serve both a functional and emotional role. To deliver the best value, choices made need to reflect the needs of the business with that of individual employees, balance short, medium and long-term requirements, and factor in softer issues such as corporate brand and personal preferences. Good decisions are also made with an understanding of benefit-in-kind implications, emissions and road tax bandings, and total cost of ownership factors such as residual values, predicted maintenance costs and the consequences of early termination. If this isn't your area of expertise, it's a complex, time consuming and frustrating task, compounded by the fact most SMEs turn to providers with only a narrow view of the market, be that manufacturer marque or funding model."



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