Lease company Arval is recommending company fleet managers to adopt a new approach when evaluating the costs and risks of employees using their own cars for company business. Market Insight Director at Arval, Mike Waters, believes that it is too easy to consider this whole area to be a self-contained unit in its own right, whereas analysing the individual occasions when such car use is either necessary or desirable, would lead to better results. He also says that it is too easy to be frightened off by the perceived up-front costs of setting up a company fleet – whether through lease or short term rental or any other solution – and that looking at the total costs of such an operation compared to those incurred through company use of employees’ own cars, is a better way of looking at this domain. Costs incur in these journeys relate to fuel, wear and tear etc., and increase the risk of health and safety considerations being breached. Different company car formulas for different types of usage are, says Mike Waters, likely to provide a better solution.

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