Depreciation and car choice

Article Abstract:

The purchase of company cars must be based on a careful assessment of the cost, reliability, economic efficiency, and depreciation value of the car. Fleet managers should resist the tendency to purchase cars on the basis of emotional decisions, as likened to buying cars for private use using personal money. Company losses from car purchases often result from the depreciation of an existing fleet of cars because of the release of a newer model. The management of company car purchases requires a combination of extensive and precise knowledge of the automobile market and an awareness of the public's taste in automobiles. It is this perception of automobiles by the public that drives the depreciation of cars and their value as second-hand vehicles. Losses from car purchases can be prevented through proper timing, the use of discounts, and the integration of company policy in purchase decisions.

United Kingdom, Management, Purchasing, Depreciation

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Diesel do the job

Article Abstract:

The use of diesel engined cars may be the solution to the problems of lessening air pollution and increasing fuel efficiency. Compared with petrol cars, diesel automobiles are 20% to 30% more fuel-efficient and emit less exhaust. Aside from being economical and less polluting, these cars tend to last longer than petrol-fuelled ones. One disadvantage to using diesel, however, is the soot in the exhaust smoke emitted. This problem may be overcome by keeping cars properly maintained, by avoiding over-fuelling, or by making some engineering improvements on combustion efficiency. Diesel-engined cars are increasing in popularity in the UK. The sale of these cars jumped from a mere 0.4% of the total sales of new cars in 1980, to about 12% twelve years later. The top sellers of diesel cars in the UK are Peugeot 405, Peugeot 205, Citroen BX, Ford Escort and Peugeot 309.

Usage, Diesel motor, Diesel engines

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Exec need shifts gear

Article Abstract:

Current events are changing the preference of UK executives for company cars. The government's decision to raise personal taxation of company-provided automobiles, for example, are prompting cost-conscious managers to opt for cars with lesser tax liabilities. The increase in company car taxes has also created a situation in which executives may choose more expensive cars and willingly pay higher taxes as a status symbol. Apart from the tax issue, UK executives are also rethinking their preference for company cars as a consequence of their growing environmental consciousness. For instance, many have stopped using the 2.5 liter car in favor of the more environmentally friendly two liter models.

Evaluation

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