Whether you’re in the market to add another business car to your fleet of company cars or you’re looking on starting the fleet and purchasing your first one, whatever the situation might be, the decision can be a frustrating and difficult one to work out alone.
This is why we have some tips and tricks for you to keep in mind while making this all-encompassing decision.
1. What Type Of Car Do You Need?
One of the first things to consider is whether you need a truck, a jeep, an EV, or a sedan. Depending on what your business does, the requirement can vary. If it’s a car that you’re looking to build your brand image with, complete chores around town in and chauffeur employees around in then an Electric Vehicle or EV could be your best bet.
A car like Kia EV6 could be the perfect fit, with its great driving range, spacious interior and sleek look, it ticks all the right boxes. If you aren’t sure, then looking into Hyundai Kona that comes in petrol, electric or hybrid can also be a good option.
2. Rent, Lease Or Buy?
The three most popular options for business car ownership are renting, leasing or buying choosing the one that is best for you is an important decision that you must make prior to purchasing one.
The first option is to rent a vehicle. This is a good option if your company has a fleet of vehicles or if you need to change cars often due to job requirements. The second option is to buy one outright. This can be expensive, but it will give you more flexibility in what kind of car you want and how often you need to change cars.
The last option is leasing the vehicle which can save money over time while still giving you some flexibility in your choice of car. All three modes depend on what you need it for, so really think things through before making a final decision.
3. What Will It Be Used For And How Often?
Choosing the perfect car for a business can be tricky. You need to consider how often you will use it, what it will be used for and other factors like the company’s image.
There are plenty of options to choose from when it comes to cars that can do it all, especially if you haven’t narrowed down exactly what you need it for and how often. Some of the most popular ones in this case are SUVs, sedans and hatchbacks.
Most people think that an SUV is a good choice for those who need a lot of space for their work or for transporting goods. Or if you want something that looks sleek and professional then a sedan would be better suited for you.
If not, hatchbacks are great if you don’t have many passengers or anything else to transport in the car with you.
4. What’s Your Budget?
One of the most important things you can do is set a budget. If you have set a budget, then it will narrow down your options significantly. If you don’t have one, then it would be best to go for a test drive and see what feels right for you before making any decisions.
Another point to keep in mind is if you are looking for a car, but don’t want to spend too much money, then you should consider a used car. There are many benefits of buying used cars as well.
The first and most obvious reason is that they are cheaper than new cars. If you have a budget of less than $10,000, then it is possible to find a quality vehicle for this price in the resale market.
5. What’s Your Competition Doing?
The best way to make sure you are getting the right car for your business is to do your research and understand what your competition is doing.
For example, if you’re a small business in retail, you might need a car that has enough space for deliveries, so scouting the competition and their company vehicle could give you an idea of what you should get.
Similarly, if you’re in IT, then maybe you want a vehicle that’s more suited for customer visits or events and then looking at what companies are doing in that sphere could help narrow things down for what you should do too.
These were some of our best tips for choosing a new business car, the best advice we can give you is to really think things through before taking the plunge, because this is not a decision that you can take impulsively!