As the owner of an organization, you might be planning on buying a business vehicle (or multiple vehicles) in the near future. Whether you’re buying a car, taxi, van, or truck, there are a variety of factors that you need to consider. By doing this, you can make the planning stage much easier before buying the right vehicle for your business.
Brand-New or Used?
The biggest factor you’ll need to consider is whether you buy a brand-new or used vehicle for your business.
In today’s current economy, where businesses are trying to cut costs and save as much money as possible, many managers are buying used vehicles.
As an example, you can buy used black cabs from cabdirect. For any taxi business out there, this is a smart way to save money while still providing customers with a quality vehicle to ride in.
Whichever option you go with, make sure to stay within your budget. If you have a firm budget, try not to push yourself over it. After all, it’s more than possible to find a business vehicle within this budget or lower.
Dealerships or Online?
The next thing to consider is the ‘dealership versus online’ argument.
Naturally, the risk of buying a business vehicle online is that you don’t get to see it or do a test drive prior to the purchase. However, online dealerships are known for offering better bargains. Also, it makes browsing different offers a lot easier.
With in-person dealerships, there’s usually more travel involved. Despite this, it allows you to see the vehicles up close and personal. You’ll find out if there are any internal or external faults with the vehicle. Plus, when you go to a privately owned dealership, you can often negotiate with the dealer and potentially lower the price!
For any business owner who decides to buy a used vehicle, always take into account the mileage.
The higher a vehicle’s mileage is, the more susceptible it is to faults, breakdowns, and other problems. This is why it’s important to filter out the high-milage vehicles and choose from the lower ones instead. Although it can be tempting to buy a high-milage vehicle due to its lower price, it can (ironically) often turn out to be more costly in the end due to repairs.
Next, think about the warranty! Ideally, you’ll want a warranty on your business vehicle for at least a year on a used vehicle. If you can find a used vehicle for your business with a 2 to 3 years warranty, that’s excellent! For brand-new vehicles, look for anywhere between three and seven years.
With a good warranty plan, you don’t need to worry about the cost implications of vehicle-related problems. Instead, you’ll be able to have your vehicle repaired or exchanged for free, provided you didn’t cause the damage yourself. For peace of mind, make sure to discuss the warranty (and terms of the warranty) with the company you purchase from!