If you are starting to look at buying a business vehicle or maybe a fleet of vehicles for the first time, it may seem obvious as you will, most likely, have bought personal vehicles in the past. There are, however, some differences in the way you buy these vehicles compared to your own private vehicles. Let’s take a look at some of the key differences here.
What Mileage Is The Vehicle Intended To Do?
Here is the first and often the most important difference in sourcing commercial vehicles. You will often be looking at higher mileage as it would seem that if you need vehicles they will be going places. Higher mileage means more fuel costs but also more frequent repairs as wear and tear adds up. Most significantly, the shelf-life of a high mileage vehicle is shorter, meaning having to replace the vehicle more often or getting less on a sale due to the high mileage.
Do You Intend To Have Signage On The Vehicles?
Are you going to put signs on the vehicle? If so, be aware of the costs of doing this and the possible impact on your business. Generally, getting this advert out there for the one-off cost of the signs is considered to be one of the most cost-effective ways of promoting the business brand. There is a downside, though: you will potentially affect the value of the van if you have had signs on it, so it will be a wise idea to check how much value you might get from the advertising against the lost revenue in the resale value.
How Many Vehicles Are You Shopping For?
It is often the case that you will need a fleet of vehicles rather than a single vehicle. So you should research what savings you may be able to make – if you ask to negotiate you will find most dealers will give you an offer of some sort of discount. Look at various suppliers and check them against everything. You can also make more savings on insurance with multiple vehicles so use a van insurance comparison site to get the best deal.
Who Is Driving The Vehicles?
You will most likely not be the only person driving the vehicle, so keep this in mind to make better decisions about what is needed for the company vehicles. If it is employees who are principally driving the vehicle, then unlike a personal vehicle, there is less need for all the top features – especially if it is a functional vehicle.
How Long Will You Keep The Vehicles For?
Are you needing the vehicles for a long or short time? The answer to this will influence whether you are buying a new or old vehicle and whether you are going to buy, hire or lease. If it is a light use vehicle then maybe hiring is best. If you are going to have them for a while it is often better to buy outright.