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Ogilvie Fleet News & Blog

Ogilvie True Cost now factors in Electric Vehicle fuel cost

Posted on by Mark Knight

Ogilvie extends True Cost matrix to include Electric Vehicles, making comparisons easier between alternative fuel and petrol and diesel cars

New algorithm helps fleets make a more precise comparison between Electric Vehicles, hybrids, petrols and diesels when building car choice lists

Ogilvie has extended its innovative Ogilvie True Cost (OTC) matrix, which has helped hundreds of fleets set their company car policies, to include electric vehicles.

OTC takes the whole life cost calculation to the next level by accurately representing actual costs associated with the operation of the vehicle and allows a far more precise comparison to be made between different models.

The new calculation for Electric Vehicles starts by calculating key information such as electric range, battery capacity and the cost of electricity - currently around 15p per kW/h in the UK. 

It then includes the critical costs associated with NIC and then applies the relevant corporation tax savings to actual and direct fleet costs before adding back in any applicable lease rental restriction.

This builds up an extensive picture of each company vehicle enabling companies to make the best possible decision for their business.

Ogilvie can set up an entire car policy using OTC as well as providing a full, bespoke, online driver quotation system that allows drivers to select only those vehicles that fall within their OTC band. This is becoming the modus operandi for the majority of Ogilvie clients operating more than 50 vehicles.

“The company vehicle landscape is changing very quickly which has made it more difficult for fleets to compare models with different engines like for like,” explained Nick Hardy, Ogilvie’s sales and marketing director.

“Our True Cost matrix provides a new level of data for fleets that will enable them to make more informed decisions on car choice and make easier comparisons. This takes our True Cost matrix to another level,” he added.

Find out more about Ogilvie True Cost here, or contact your Area Manager.

This example shows the OTC breakdown for the petrol Kia Niro and the fully electric Kia e-Niro. 

Kia Niro
Kia e-Niro
Total Effective Rental
£365.56
£463.80
plus Monthly Total Fuel Cost
£132.13
£56.74
plus Monthly Employer's NIC
£80.37
£0.00
less 19.00% Corp. Tax Saving
£109.83
£98.90
plus Lease Rental Disallowance
£7.67
£0.00
equals Ogilvie True Cost
£475.90
£421.64

*Both vehicles on a 4-year, 80,000 mile contract

Ogilvie partners with Innovation to launch Traxmiles

Posted on by Mark Knight

Award-winning leasing company Ogilvie Fleet join forces with mileage expenses and fuel tax specialist, Innovation Professional Services to provide their customers with the latest mileage capture technology. 

Ogilvie Fleet are delighted to announce that they have chosen Innovation’s award-winning mileage capture system ‘Traxmiles’ as their will officially mileage capture system.  

Matt Topham, Ogilvie Group Marketing Manager commented “we have been a very happy customer of Innovation’s for the last few years, but their new mileage capture system ‘Traxmiles’ is a major upgrade in both technology and useability - the feedback from our team has been extremely positive.” 

“We especially like the auto-drive detection feature – which makes recording business journeys very easy. We partner with some of the best companies in the industry to bring value to our customers and in Traxmiles and Innovation, know that our customers will be getting the latest technology and a client focused service provider.”

Mark Gainford, Head of Sales & Marketing for Innovation commented “We are delighted to officially announce this partnership with such a well-respected and liked company in the industry – it’s a great endorsement for us and our services, that having been a customer themselves Ogilvie will propose us to their valued customers”

“Traxmiles has been in development for the last 18-months and after launching earlier this year has already won a top industry award for ‘Best Digital Innovation’ and received great feedback from all our clients who love the new system.”

To find out more about Traxmiles or Ogilvie Fleet’s services please contact your local Area Manager

 

 

Ogilvie nominated as WhatVan's Leasing Company of the Year

Posted on by Mark Knight

Ogilvie Fleet, the UK’s leading independent leasing provider, has been nominated for a 2021 WhatVan Award.

We have been nominated in the Leasing Company of the Year category, following the continued growth of our dedicated commercial vehicle teams.

The awards winner will be announced on 10th December, this year taking place online via a virtual awards ceremony. You can find out more and register for the event here.

The WhatVan awards celebrates the great and the good of the commercial vehicle industry, form manufacturers through to suppliers and individual fleets.

Click here to find out more about Ogilvie’s full commercial vehicle offering.

APPrasial end of contract app reduces charges to record low

Posted on by Mark Knight

A few pounds saved on a monthly rental can be wiped out by unreasonable charges when a vehicle is returned. At Ogilvie we believe in complete trust and transparency.

This is why it is important to us that we discuss at the outset of our customer relationships what happens at the end of the contract.

Our fair and consistent approach will give you total piece of min. Below are details of the damage recharges that were made between July 2019 and June 2020 and how they compared to the previous years figures.

Cars

- Car returned - 3,144
- Cars where damage was recharged - 31% - down from 36%
- Average damage over all cars Average - £73.09 - down from £96.76
- Average where damage charged - £235.95 - down from £271.77

LCV's

- LCV's returned - 556
- LCV's where damage was recharged - 29% - down from 46%
- Average damage over all cars Average - £81.09 - up from £78.47
- Average where damage charged - £280.05 - down from £305.88

Overall

- Total returned - 3700
- Total vehicles where damage was recharged - 31% - down from 34%
- Average damage over all cars Average - £74.29 - down from £93.52
- Average where damage charged - £242.16 - down from £276.36

We know that end of contract damage recharges can be contentious. This is why we designed an app to help Fleet Managers and drivers to assess their Ogilvie Fleet vehicle prior to collection. APPrasial is an industry-leading app that is saving fleet managers time and money.

The app allows drivers to report on all areas of the vehicle - inside and out - and record a walk-around video tour to highlight wear and tear or damage. The photos and videos are then submitted to Ogilvie for assessment prior to collection.

In addition APPraisal can be used to manage vehicle condition mid term – when vehicles may move from driver to driver.

To discuss in greater detail how Ogilvie can help you reduce your end of contract charges please contact your Area Manager.

 

EV100 global initiative

Posted on by Mark Knight

Ogilvie Fleet have today further reinforced its commitment to cleaner driving by becoming a member of the EV100 global initiative.

EV100 brings together forward looking companies committed to accelerating the transition to electric vehicles (EVs) and making electric transport the new normal by 2030.

Ogilvie have invested in both electric vehicles and charging infrastructure over the last decade and works with customers looking to introduce electric vehicles into their own fleets.

To find out more about The Climate Group and EV100, visit their website here.

 

Why Choose Ogilvie Fleet?

  • Independent
  • Transparent Approach
  • Customer Focus
  • Vehicle Management Experts
  • Industry-Leading Technology
  • Established Parent Company
Ogilvie Fleet is a registered company in Scotland with company number SC067027
Ogilvie House, 200 Glasgow Road, Stirling FK7 8ES
VAT registration number 400 892 864
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