Vehicle abuse is an avoidable fleet cost. The overt and hidden aggregate cost of abuse and neglect across an entire fleet is significant. Here's advice from Automotive Fleet readers on the cost of fleet vehicle abuse and the actions you can take to thwart it.
The Negative Consequences of Personal Use
There are a number of “hidden” costs to offering employees the personal use of a company vehicles. It negatively impacts the resale value of a vehicles. On average, personal use accounts for 15-18% of the overall miles accumulated during a vehicle’s service life. This blog will explore the various other hidden costs of providing personal use.