As astute car shoppers know, there’s more to saving money on a car than simply negotiating the lowest price on a given model. Long-term ownership costs – specifically insurance, fuel economy and repairs – can vary significantly from one vehicle to another, even within select vehicle and/or price classes.
Such factors can vary by as much as $3,800 on average over a five-year ownership period, based solely on where a motorist lives, according to a recent analysis compiled by Bankrate.com, with several Midwest states boasting the lowest annual costs overall.
READ MORE to get the state-by-state data
After watching prices surge to record levels in the wake of the Great Recession, U.S. used car buyers are finally catching a break, with costs tumbling sharply on most models and likely to continue to slide through 2016, according to those who track pricing trends.
There are a few exceptions, such as pickup trucks, which have been in increasingly high demand as contractors and fleets rebound along with the economy. But there are great deals to be had on “nearly new” luxury cars and a number of other models, according to such experts as Tom Webb, the chief economist for Manheim, which runs some of the nation’s largest used vehicle wholesale auctions.
READ MORE about the pricing decline
Have you been burned by GPS tracking technology in the past, and find that you are now completely turned off to the idea? Being hesitant after a bad experience is understandable, but not all GPS tracking solutions are created equally -- and there are plenty of reasons to try out a better quality solution to manager your fleet operations.
READ MORE, and see what some of the Red Flags are that you should watch out for.
This industry expert joined NAFA to learn about the fleet business, and quickly got his CAFM certification. He credits his involvement and certification in landing a fleet director position - and he's been active in NAFA ever since.
The top concerns today for Chesterfield County, Virginia's 2,500 fleet vehicles include how to get around high fuel prices, and making sure to get proper training from OEMs on current model year vehicles.