What Affects Your Fleet Vehicle’s Resale Value

Fleet vehicles serve a valuable purpose for your business. They are used to deliver products or services to customers and promote your brand and advertisements.

However, there will come the point when you might want to sell your fleet vehicle after it has outlived its usefulness for your business. Many business owners want to sell their older fleet vehicles to raise money toward purchasing newer fleet vehicles. But this can be tricky because fleet vehicles lose resale value much faster than regular commercial vehicles.

For this reason, you must ensure your fleet vehicle’s resale value stays as high as possible during the time you own and operate it.

Here are the top 3 things that affect your fleet vehicle’s resale value.

1) Mileage

Fleet vehicles get driven many miles each day and by many different drivers over the course of their lives. Unfortunately, when you have high mileage on your fleet vehicle, it will have a much lower resale value. Other business owners are not interested in paying a lot of money for fleet vehicles with over 100,000 miles on them.

The only way to overcome this problem is to sell your fleet vehicles earlier than usual. Wait until they get to about 60,000 miles before selling them. Then you can get more money for them and apply that money to a newer fleet vehicle.

2) Accidents

All reported accidents involving your fleet vehicle will be traceable by prospective buyers. Even if your fleet vehicle was restored to its original condition, it still wouldn’t have the same value if any accidents were on its record.

3) Maintenance

Simple maintenance and upkeep can go a long way in preserving the value of your fleet vehicle. Make sure you keep it clean and tidy on the outside while remembering to perform regular tuneups and oil changes on the inside.

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