You might be about to buy a car or a fleet of cars for your company. Either way, choosing a company car can be hard. You might consider picking the first car you like the look of, but is it right for you?
Don’t worry, in this article we will help you. Below, are the 5 tips that can help you to choose a car company.
1. Choose Between Owning or Leasing a Car
The first thing that you need to decide is whether you want to own or lease a car.
Owning a car can be expensive and you may need to take out a loan. Leasing a car can be less expensive if you keep the car in a good condition. Remember they’ll also be expenses associated with your vehicle. You might need to pay for:
- Gas
- The Honda extended warranty
- Insurance
- Minor repairs if they’re not covered by insurance
When you know the average monthly costs it could be easier to choose between buying and leasing a car.
2. Think About How Often You’ll Drive Your Car
How often do you plan to drive your car? Do you need it every day or once a week? Having a company car may be nice but there’s no point getting one if you’re not going to drive it very often.
3. Think About the Size of the Vehicle
If you don’t need a large car, don’t buy a large one. Larger cars eat up more fuel and they can be expensive to insure. Save yourself money by buying or leasing a smaller car. You don’t have to buy the smallest car around, just make sure it’s not the largest either.
Smaller cars are easier to park, remember that when you’re thinking of getting a huge vehicle.
4. Research Commercial Insurance Providers
One of the best things that you can do is to research commercial insurance providers. Work out how much they may charge you based on your desired vehicle. Newer, more powerful cars may cost you more as they may be deemed to be more dangerous. You’ll also need to consider the following factors:
- Your age
- Your driving history
- Where you’ll park your car
- How far you’ll drive the car
- Whether the car is new, used, or leased
- What equipment you’ll store in the car
All of these factors and more can have an impact on the cost of your car insurance.
5. Consider Where You’ll Get Your Car From
It’s highly likely that you’ll want to get your car from a reputable dealership or leasing company. Where you get your car from can determine your choice of cars, the car’s age and condition, and the price.
Do your research and find out where you can get a reasonably-priced car. Be prepared to pay a little more for quality.
Use the above tips to help you to choose a company car that’s right for you. With a bit of research, you too could end up with a company car that’s ideal.
