Investing in Your Ideal Business Car – What You Need to Know

Investing in Your Ideal Business Car – What You Need to Know

If you’re looking for a new car for your business, there’s quite a lot of factors you’ll need to consider ensuring you make the right decision. From the costs involved, to features and mobility – below you’ll discover everything you need to think about before you invest in your next business car.

How important is image?

When choosing a car for your business, image can be very important. In certain professions for example, it’s more important to opt for a car that gives off a professional, executive feel such as a BMW or Mercedes. Similarly, if you run a company that specialises in eco-friendly products and services, a Hybrid Toyota Prius would be an ideal option.

So, image should certainly play a part in the make and model you choose. However, it’s certainly shouldn’t be the only thing you take into account.

Why mobility matters

Have you considered investing in a mobility vehicle? If you, or any of your employees have a disability, you’re going to need at least one company car that’s especially designed with mobility in mind.

Companies such as Allied Vehicles Limited, specialise in both new and used mobility vehicles, tailored to suit each individual client. Providing mobility vehicles to employees who need them will really help to boost your reputation and staff loyalty.

Understand your buying options

Once you know exactly what you need, it’s then time to work out the best purchasing method. Should you buy or lease? If you do choose to buy, should you opt for a new car or a used one? It can be a difficult choice, so it’s worth taking into account all of the pros and cons before you make a decision.

Buying obviously provides the biggest benefits. The car is yours and you won’t have to worry about monthly repayments. However, the one-off purchase cost can cause serious financial implications for small businesses. So, if you don’t have a large cashflow right now, leasing could be the better option.

However, buying a used car could be a better option than leasing as the initial costs are obviously lower than if you were buying new. You’ll also find many used cars are sold in an “as new” condition.

Working out the costs

Perhaps one of the most important factors to consider is the costs involved. This doesn’t just include the cost of buying or leasing the car, it also includes the insurance, tax, potential repair costs and fuel costs.

If you’re a small business, you’ll obviously want to save as much money as possible. So, finding a car that’s fuel efficient should be a top priority. Most newer models are built with fuel efficiency in mind, but if you’re looking at older models you should pay attention to their fuel efficiency rating.

Overall, when investing in a car for your business, it is important to take your time and figure out exactly what you need. The above are just some of the main factors to consider.