A new vehicle is often one of the most significant purchases a business needs to make. This is especially true for small businesses who can’t afford to make a mistake choosing something that doesn’t fulfill their needs. While everyone’s criteria will be different, there are a few rules that every buyer should follow. Here’s what you need to know.
Making the Right Choice
With so many options available to you, deciding which vehicle to choose can be a real headache. This will be dependent on the type of company you run, as well as the location that your business is located. Making the right choice is crucial, especially if you plan to use this vehicle for a number of years, so researching your options will pay off in the long-term.
If your business is based in an urbanised area and you need a small vehicle that can easily weave through tight city streets, the Citreon C3 is a great choice. Available from £9,330 from retailers like Robins & Day, the new C3 has an elegant new design that’s sure to make the perfect first impression. Conversely, if you need something larger to handle heavy loads, the Ford Transit has become the number one selling van in the UK, and comes in a range of different options.
How to Finance the Move
Once you’ve decided which vehicle is right for your business, you have to consider how you’re going to finance the move. This is the most difficult step, especially for small startups working on a strict budget. Purchasing the vehicle outright is the most preferred option as it gives you complete control. You won’t have to worry about any restrictive mileage limits or rules against customising the van to display your company’s advertising.
If this is out of your budget, consider leasing instead. This allows you to pay for the use of the vehicle on a monthly basis, usually over a one-to-three year contract. At the end of the lease, you’ll have to return the car to the supplier where you’ll have the option of extending the contract or taking out a new vehicle entirely. This way, you’ll never have to worry about any depreciation in value and you’ll always be able to drive one of the latest models.
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