Company vehicles are important to get when your staff is on the move. It can be a more affordable option if the travel they’re doing is within a shorter distance than an hour or so than having to take public transport. However, just like any expense as a business, it’s important to consider all your options before committing to something financially. Here are some things to consider when investing in company vehicles.
How Many Are Needed?
When it comes down to company vehicles, it’s not something you want to be handing out to every member of staff. Not everyone will need a company car, and you have to be realistic with how many you can afford. It’s good to take note of your staff member’s expenses in terms of travel and whether or not they can drive. It’s also something that they might not want, especially if they’ve got a car of their own and therefore saves you the expense of buying one. Consider how many you’ll need because this can be necessary to know when it comes to visiting car dealerships. Some dealerships might be able to offer you a deal depending on how many cars you need. Having this information handy can hopefully secure you more for your money as a company.
Consider The Costs
There are definitely some costs that you want to consider depending on what you go for. Some companies like leasing the cars so that they don’t have the added expense of having to replace parts like hardcore batteries or having to fix it. Usually, leased cars are under warranty, which means that you don’t have to front the cost. You also want to consider things like your fuel costs and how much each staff member might be going through every month. It could be that you offer so much per mile if they’re using their own cars.
Safety & Insurance
The safety of your staff is important, and so you want to make sure that whatever vehicle you’re getting, it’s the best for safety. You also want to think about the insurance and what types of business insurance are needed in order to protect the vehicles and your staff when they’re driving. You might find that the current insurance you have doesn’t cover your staff outside of the workplace, so it’s certainly something you want to get.
Should You Have Branding?
Branding is part of your business in that it can help sell the product or service you provide as a company. It’s worth considering whether you want to feature any type of branding on the car, whether it’s through car wrapping or featuring adverts on the windows or on the back of the car. It’s something worth considering if it’s going to be good for your business to advertise when on the road.
Investing in company vehicles is certainly something you want to think about getting, especially if you find you’re spending way too much on company expenses in travel on public transport.
