- Accident Management: Handling and processing of all aspects of a vehicle accident, from the initial incident to repair and insurance claims.
- Asset Management: The systematic process of deploying, operating, maintaining, upgrading, and disposing of assets cost-effectively.
- Benefit-in-Kind (BiK): A benefit that employees receive from their employment but are not included in their salary, such as the use of a company car.
- CO2 Emissions: The amount of carbon dioxide emitted by a vehicle, important for environmental impact and tax purposes.
- Company Car Tax: Tax payable on the benefit of having a company car, based on the car’s value, CO2 emissions, and fuel type.
- Depreciation: The reduction in value of a vehicle over time due to wear and tear, age, and market conditions.
- Driver Profile: Information and statistics relating to an individual driver's behavior and performance.
- Driver Risk Management: Processes and policies implemented to assess and mitigate risks associated with drivers in a fleet.
- Duty of Care: The legal obligation of an employer to ensure the safety and wellbeing of employees while using company vehicles.
- End-of-Contract Charges: Additional charges at the end of a lease contract, typically for damage or excess mileage.
- Fleet Analytics: The analysis of data related to fleet operations to improve efficiency.
- Fleet Management: The process of managing a company’s vehicle fleet, including vehicle maintenance, tracking and diagnostics, driver management, fuel management, and health and safety management.
- Fleet Optimisation: The process of making a fleet as efficient and cost-effective as possible.
- Fleet Policy: A set of guidelines that govern how a company’s fleet is managed, including vehicle acquisition, maintenance, and disposal.
- Fleet: A collection of motor vehicles owned or leased by a business or government agency.
- Fuel Management: The monitoring and management of fuel consumption and costs in a fleet.
- GPS Tracking: The use of GPS technology to track vehicle locations.
- Grey Fleet: Privately owned vehicles used for business purposes.
- Maintenance Schedule: The planned timeline for vehicle servicing and maintenance.
- Pool Car: A vehicle shared by multiple employees for business use.
- Real-Time Information (RTI): Data provided immediately, as events occur, particularly in the context of vehicle tracking and telematics.
- Residual Value: The estimated value of a vehicle at the end of a lease term.
- Service Level Agreement (SLA): A contract between a service provider and a customer that specifies what services will be provided and the service standards.
- Telematics: The use of telecommunications and informatics in vehicles, such as GPS and diagnostics systems, to monitor location, movement, status, and behavior.
- Total cost of ownership (TCO): The complete cost of owning a vehicle, including purchase price, maintenance, insurance, fuel, depreciation, and other costs over its lifespan.
- Utilisation Rate: The measure of how intensively a fleet asset is being used.
- Vehicle Allocation: The process of assigning vehicles to drivers or departments within an organization.
- Vehicle Lifecycle: The stages a vehicle goes through from acquisition to disposal.
- Wear and Tear: The expected decline in vehicle condition due to normal use over time.
Toyota Fleet Glossary
To help you understand what is important when it comes to fleet, we have created a glossary to navigate the world of fleet, business and company cars.
- Clean Air Zones (CAZ): Areas in UK cities where pollution-reducing measures are in place. Vehicles that do not meet specified emission standards may be charged for entering these zones.
- Company Car Tax Benefits for Electric Vehicles (EVs): Reduced Benefit-in-Kind (BiK) tax rates for electric company cars to encourage the adoption of greener vehicles.
- Congestion Charge: A fee charged for driving a vehicle within the congestion charge zone in Central London.
- Eco-Driving Policies: Implementing driving practices that minimise fuel consumption and reduce emissions.
- Environmental Operating Permits: Permits regulating the environmental impact of fleet operations, especially in sectors like logistics and transportation.
- Fleet Carbon Footprint Reporting: Mandatory for certain businesses in the UK, requiring the reporting of CO2 emissions from their fleet operations.
- Fleet Electrification: The transition of fleet vehicles to electric power, in line with UK's goals for reducing greenhouse gas emissions.
- Green Fleet Management: Strategies adopted by fleet operators to reduce environmental impact, such as using more fuel-efficient vehicles, electric vehicles, and optimising routes to reduce mileage.
- Green Public Procurement (GPP) for Fleet: Government policy encouraging the procurement of environmentally friendly fleet vehicles and services.
- Low Emission Zones (LEZ): Similar to CAZ but with a specific focus on reducing emissions, primarily from commercial vehicles.
- Parking Policies and Regulations: Local parking strategies that may prioritize or provide incentives for low-emission vehicles.
- Plug-in Car Grant (PICG): A UK government incentive to reduce the purchase price of electric and plug-in hybrid vehicles.
- Renewable Transport Fuel Obligation (RTFO): A UK initiative obliging suppliers of transport and non-road mobile machinery fuel to ensure a certain percentage comes from renewable sources.
- Road to Zero Strategy: A UK government plan outlining steps to transition to zero-emission road transport and reduce emissions from conventional vehicles during the transition.
- Smart Mobility Solutions: Utilisation of technology-driven solutions to enhance the efficiency and sustainability of fleet operations.
- Sustainable Fuel Use: Adoption of alternative fuels like biodiesel, ethanol, or hydrogen in fleet operations.
- Sustainable Urban Mobility Plans (SUMPs): Plans focusing on improving transport in urban areas in a sustainable manner, affecting fleet operation strategies in these areas.
- Telematics for Sustainability: Using telematics systems to monitor and improve the environmental efficiency of fleet operations.
- UK Net Zero Target: The UK's commitment to reducing greenhouse gas emissions to net zero by 2050, impacting fleet composition and operations towards more sustainable practices.
- Ultra-Low Emission Zones (ULEZ): Specific areas, like in Central London, where only vehicles meeting the strictest emission standards can enter without a charge.
- Vehicle Recycling and Disposal Policies: Regulations and practices for the environmentally responsible disposal and recycling of vehicles at the end of their life cycle.
- Every new or used car or LCV comes with an initial 3-year manufacturer warranty. Once this expires, you will be eligible for a 1-year/10,000 miles warranty with any qualifying service at an authorised Toyota or Lexus Centre until your vehicle is 10 years old/100,000 miles.* We’re also committed to offering a service appointment at your convenience, which will be completed by a Toyota Trained Technician. Ts&Cs apply.
- Up to 5 years of roadside assistance, extendable by a year with each qualifying authorised service. Ts&Cs apply.
