If your employees are heading out and about regularly to client meetings or for other business needs, is it time that you took the plunge and invested in a business fleet? There are a number of factors to consider when it comes to buying cars for your company including what you need it for, the size of your business, how often they’ll be used and more. Here are some of the things you’ll need to think about when buying a vehicle for your business fleet.
What will it be used for?
If it’s likely that the car is going to be used for lengthy drives too and from client meetings or even for long business trips, you’re going to want to look into diesel engine cars as a starting point. That’s because these are more efficient over longer distances.
However, should you or your employees only be planning on taking short trips around town or nipping to and from local events, a petrol car will be much more efficient. Remember, you’ll want to be as environmentally friendly as possible when introducing a fleet of cars to your business!
Should you choose brand new or used?
Ultimately this decision comes down to two things, your budget and what you’re looking out for in a car. If you have quite a sizeable business or cash flow is particularly strong, you may want to look into purchasing brand new models.
But, for a lot of companies, it’s not the best financial choice to pay such a high price for a new car, especially when there are a multitude of high quality used cars to choose from online that are suitable for businesses. These are often revamped and checked over by dealerships to ensure they’re in the best condition, and come at a fraction of the price of their brand new counterparts.
Your buying options
You have a couple of buying options when it comes to your business fleet, buying outright or financing the cars monthly. The choice is yours and may depend on your cash flow. It’s important to work out which option is best for you and not to rush into a decision, as you may be financially tied to the agreement for a number of years.
How much will it be used?
If the fleet vehicle you’re going to buy will be used a lot, you’re going to want to opt for one with low mileage, that way the number of miles you end up doing will not get too high. On the other hand, if you’re only planning to use the cars a couple of times a week, mileage won’t be too big of a deal and therefore you could save money by opting for vehicles with a higher mileage.
With so much to think about, choosing a business car can seem like an overwhelming decision. But, by going into purchase stream with all of this information is sure to help.