A company car will be a major investment for your business and it is important that you take the time to get the right vehicle. A company car will obviously play an important role in getting employees from A to B, but it is much more than this as a reflection of your brand and there are a few important factors to consider. Read on to find out more.
Brand image is a vital consideration when choosing a company car as the vehicle that you and your employees are seen in will help to form an impression of your business. This is why you should always look to a sleek looking vehicle with both saloons and SUVs being options which are both practical and stylish. Colour is another aspect to consider and black, grey and white are typically the most professional colours that will help to make a good impression.
New or Used
New or used is another key consideration when purchasing a vehicle for your business. While a new car might seem preferable, this might not be the best option for those with financial constraints because they are more expensive, you get less for your money and depreciation can be an issue.
This is why small to medium businesses may be better off choosing a second hand vehicle for business miles and you should be able to find a great vehicle for a reasonable price if you are willing to shop around. When buying a used car, it is always best to buy from a reliable dealership and to avoid a private seller if possible.
There are also a few buying options to weight up and it will depend on your company’s need and financial situation. For those that can afford it without it impacting the budget too much, buying the car outright may be preferable and will work out to be cheaper as you will not have interest to pay. For most, though, a finance deal will be best because you can spread the payments and this makes it much easier to manage and to fit into the budget. If you are not concerned about ownership, leasing is another option but there are likely to be mileage restrictions and you will not be able to customise the vehicle, so it will not work for all.
Buying a company car is a major decision and not one which should be made lightly. The above are the key areas that you will need to focus on in order to find a vehicle that is within your budget, a good fit for your company and a car that will help your business to make a good impression on clients, customers and the public as a whole.