In order to get your business going, you may need a vehicle to help you out. Some businesses may even require a fleet of vehicles, while for other SMEs even a single van or truck will do. However, before you get one, you need to consider the cost of purchase and maintenance. You should also scout for commercial vehicle insurance quotes as well.
Here are some tips that can help you out:
- Consider leasing instead of buying. Leasing doesn’t cost as much upfront, which frees up your available capital and allow you to use it for your business. Moreover, with a lease, you don’t have to deal with a depreciating asset, and the costs can be budgeted for in advance.
To calculate the cost of the vehicle, you have to factor in maintenance costs, repair expenses, potential accidents, insurance, and even the cost of driver training.
- Make sure you pick the right type of vehicle for your needs. If you’re in the construction business, for example, you’ll probably need a work truck with proper payload and towing capacity along with enough passenger space.
If you’ll use the vehicle for delivering large items, you’ll need a full-size cargo van. For smaller items, a compact van may do. It helps if the van has a door opening on each side for greater convenience.
If you will use the vehicle as a mobile office, you’ll need Bluetooth connectivity so you can make use of your smartphone more efficiently. A Wi-Fi hotspot will also come in handy.
- Pick vehicles with lower emission rates. These vehicles have lower taxes, which means you’ll have lower initial costs. What’s more, you can tout how you help the environment as part of your civic duty. You’ll also annoy less people with the smoke it emits.
- Get reliable vehicles.Cheaper vehicles that break down a lot aren’t really cheap in the long run. They’ll rack up lots of repair expenses, and they may cost you money due to lack of productivity because they’re dead on the road or undergoing repairs in the shop.
An unreliable vehicle is also bad for your brand image. People will not appreciate if your workers arrive late at their destinations. Also, when you have your logo plastered prominently on your vehicle that broke down on the road, people will also assume that your brand is broken too.
With a reliable van, you meet your appointments on time, your workers are right where they should be, and you cut down on repair expenses.
- Get a vehicle that looks appealing. Your vehicle is part of your company image, especially if you have your business name and logo plastered on it. So make sure that it looks great.
If you are leasing a vehicle, you should also stick to the same car brand and model so that people will associate the vehicle with your brand. Here you will want continuity, which implies stability for your business.
- Check if you have proper maintenance options in your area. Getting an exotic European vehicle may be visually exciting, but if there aren’t too many expert mechanics who are knowledgeable with your vehicle, then it’s going to become problematic for you in the long run. You may also have trouble finding replacement parts if your vehicle is too “unique.”
It’s not always easy to find the right vehicle for your business. But at least with these tips, you can avoid making costly mistakes. Just make sure to get some commercial vehicle insurance quotes so you can factor in your insurance costs when computing the cost of ownership.