Glossary of Terms
A guide to terms commonly used in car & van fleet management. This section briefly explains the meaning behind a number of commonly used jargon/ phrases within the fleet industry…
- Accident Management
- Administration
- Advisory Fuel Rates (AFRs)
- Agreement
- Alternative Fuels/ Technologies
- Balloon Payments
- Contract
- Depreciation
- Driving Licence
- Duty of Care
- Early Termination
- Excess Mileage
- Fleet Management Services
- Fleet Management Software
- Fuel Cards
- Miles Per Gallon (MPG)
- P11D
- Rentals
- Residual Value
- VAT
