Pool Cars
Key Features:
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The drivers conducts only business mileage in the vehicle.
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The vehicle is made available to multiple drivers.
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The employer pays all the cost of the lease vehicle.
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The vehicle may be modified to meet the specific business need (e.g. wheel chair access)
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VAT charged on the vehicle will be recoverable
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A vehicle is typically leased for a 3-5 year period on a fully maintained basis.
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The contractual arrangement for the vehicle is between the leasing company and the employer.
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The employer will insure the leased vehicle on a fleet policy in order that they can be assured their liability for the asset is covered and in their control.
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The vehicle may be exempt from road fund licence if it is being used to transport disabled passengers.
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Livery may be added to the vehicle however must be removed prior to vehicle return.
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The employer is liable for any costs associated with insurance excess, damage identified at collection, excess mileage and maintenance recharges not covered within the lease maintenance package.
Policy & Management:
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Management of pool vehicle availability, collection and return can be managed in house or can be managed via pool car technology embedded within the vehicle. The latter coming at a significant increase to the cost of the vehicle.
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All drivers permitted to use a pool vehicle need to be verified to ensure they hold the appropriate licences to do so and have received the relevant training to effectively operate the vehicle.
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Effective management of availability and location is key to minimising down time and maximising value for money.
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Return checks of the vehicle need to be conducted to ensure it remains roadworthy and any damage is identified.
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Driver use logs need to be retained for the purposes of identifying drivers and responding to speeding or parking fines.
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It is advisable for drivers to sign up to a policy which clearly states the expectations and rules associated with driving a pool vehicle to include as a minimum:
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Requirement to drive within the speed limit.
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Requirement to park legally.
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Requirement to advise their employer if they incur any penalty points on their licence.
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Not to use a mobile phone whilst driving.
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Requirement to advise their employer if their health and, or medication impacts their ability to drive.
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To report any accidents promptly and record details of the incident including any 3rd party details.
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To report any damage to the vehicle promptly.
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To report any concerns regarding the operation of the vehicle promptly.