Finding the right vehicles for your business is crucial to your success, but it’s often harder than you think because there are so many things to consider. If you are still in the early stages of your business and you are looking for cars, this guide will help you get started.
Managing the cost is one of the most important things you need to think about, especially if you are a new business with limited cash. The good news is, there are some great ways to cut the cost of your business car fleet so you can spend that money elsewhere. If you are concerned about the cost of business vehicles, here are some simple changes you can make.
Consider Your Ownership Type
There are a lot of different ways to purchase and use cars and the costs associated with them vary. For example, it’s going to be a lot more expensive if you get a car on finance and own it. But many new business owners go for this option because that’s how they are used to buying cars in their personal lives.
However, a business contract hire model is usually much more manageable. You don’t own the car, you just pay a monthly fee for the use of the vehicle. The monthly costs are so much lower, and you can get a maintenance package rolled in, so you get the added benefit of reliability. If you change the ownership type and opt for business contract hire instead, you can save a lot of money every month and you won’t get hit by unexpected bills when vehicles break down.
Use Pool Vehicles
If you are providing cars for employees, think about who actually needs one. You don’t necessarily need to provide a car for every single person and you could use pool cars instead. For example, if your sales team only head out of the office from time to time to go on sales calls, why not provide a shared car for them instead? Instead of paying for multiple cars that don’t get used that much, you can just pay for one and save a huge amount of money.
Encourage Sensible Driving
The way that you drive has a big impact on the longevity of the car. If your employees are driving irresponsibly in their company vehicles, the moving parts experience a lot more wear and tear, so they are more likely to have maintenance issues and they will need to be replaced more often.
People are also more likely to have accidents if they are driving poorly and that could lead to some expensive legal problems for the business too. So, make sure that your employees are driving responsibly and, if necessary, give them some information on economical driving. The added bonus of this is that it can also cut fuel consumption, which saves you even more money.
If you can make these simple changes, you will drastically cut the cost of your business vehicles, which means you can spend that money on more important areas of your company.