The true cost of company cars

Published by Motor Finance


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.



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.”