If it’s not broken, why should you fix it? Your company car may be a reliable machine you’ve used for a decade or more, but you’ll eventually need to replace it. Should you ditch the current vehicle and spring for a new one?
Your decision will require strategic thinking. Here’s how to determine when it’s time to upgrade.
When Should You Upgrade Your Company Car?
When your company car is reliable, you’re probably hesitant to let go of it. The motor still cranks and gets you from one location to the next. However, warning signs may signal it’s time to switch. Ask yourself these four questions.
How Many Miles Does It Have?
The first thing you should look at is the odometer. Your car’s mileage will tell a lot about its wear and tear. Most vehicles will last around 200,000 miles before you need to upgrade, although some are sturdy enough to eclipse 300,000 miles if you’ve maintained them well enough. Modern cars have become more durable, so consider mileage’s impact on your vehicle.
Does It Need Repairs?
Vehicles often need more repairs and maintenance as they age. Your company car has likely accumulated scratches, dings and dents over the years. The cosmetic damage can become unsightly, especially if the vehicle contains your company’s name and logo. You want customers to associate your fleet with spotless cars. Consider swapping those that constantly need repairs.
Are There Safer Options?
Cars have become safer as technology evolves. Modern vehicles have innovative safety features like backup cameras, brake assistance, blind spot detection and more. Company cars from the early 2000s might not have these components. Upgrading your fleet can boost employee safety and bring more peace of mind.
Is It Fuel-Efficient?
Fuel mileage has become a more significant concern for fleet owners. Modern vehicles like Toyota Hilux are more efficient than previous models. However, gas prices are unpredictable due to supply chain disruptions and international conflict. How many miles per gallon does your company car get? If it’s lower than the current options on the market, you should consider an upgrade.
How Can You Preserve Company Cars for Long-term Use?
Whether you upgrade your car, you should consider how you can extend the life of your fleet. A well-maintained vehicle can save money in the long run if you do these five tasks.
Rust Prevention
Some people call Rust the silent killer. Iron and oxygen react with water to create rust, corroding your metal and compromising the structural integrity of your vehicle. Modern cars resist rust well, but you should take preventive measures.
One way to prevent rust is to wash your car. Eliminating dirt and other debris keeps your vehicle clean and reduces the risk of corrosion. Other effective solutions include rust-resistant coating and anti-rust products. These measures provide long-term protection for your fleet.
Filter Changes
One part of your maintenance schedule should include filter changes. Oil, air and other filters will become dirty and clogged over time and can significantly harm your engine. Service depends on the vehicle, but you should swap air filters every 30,000-45,000 miles. A new filter can improve your fuel mileage and reduce emissions. It’s an inexpensive fix that goes a long way.
Safe Driving
Cars have many moving parts, so there are numerous opportunities for mechanical breakdowns. However, the driver is also responsible for how they operate the vehicle.
Use technology like telematics to improve your driving. These devices track your habits and recognise if you’re speeding or driving erratically. They can also be your friend by detecting mechanical problems early and monitoring your vehicle if someone steals it.
Tyre Checks
Tyres are an integral part of your vehicle. Your care for them affects your handling, braking, suspension and more. Conduct regular tyre checks to ensure their pounds per square inch (psi) is up to the manufacturer’s recommendations. The Department of Energy (DOE) says a tyre 20% underinflated compromises your fuel economy by 10% due to increased resistance.
Brake Checks
Check your brakes every 40,000-50,000 miles to ensure the brake pads are intact. Worn pads cause an annoying squealing noise and compromise performance. Take care of your brakes by softly using them and driving safely.
Upgrading a Company Car for Safety
Can your company car safely transport your employees? You should consider buying a new car if your vehicle becomes a liability. It’s no easy task, so due diligence is necessary. Ask yourself these four questions and more to decide.
Whether or not you upgrade, be sure to conduct preventive maintenance. Put your fleet on an upkeep schedule and perform routine tasks like changing fluids, increasing the psi and preventing rust. This will give your cars a longer life and keep drivers safe on the road.
