Many large fleets self-insure their vehicles. When
accidents occurs, repair estimates are often written for
an unreasonable amount. When this happens, Nationwide
Fleet can help save a client a lot of money.
estimates can be written so high, that the decision is
made to “total loss” the vehicle and order a new
replacement vehicle from dealer stock. Now the company
loses twice. The wrecked vehicle was sold for salvage.
The replacement vehicle requires a new capital
expenditure and the client has to absorb another cycle
of first and second year depreciation – two depreciation
cycles for the same driver with one vehicle being
scrapped for salvage.
Fleet is usually able to fix these vehicles for several
thousand dollars less than the original estimate. The
vehicle no longer has to be classified as a “total loss”
and it can be back on the road in a couple of weeks.
This saves a vehicle that would have been salvaged and
avoids having to absorb the purchase of a new