Choosing a company car can be a difficult decision. It's not always easy to find reliable advice about company cars when manufacturers or sellers make confusing claims. However, whether you own a small business or are in charge of a large fleet of vehicles for a bigger company, the main factors for choosing a company car remain the same. It's all about getting good value for your money and making sure the vehicle has all of the necessary capabilities. Reliability and good money management will make a significant difference to your company's financial success.Reliability
When choosing a company car, make sure to look for a brand with a good reputation for reliability. Doing the necessary research in this area will definitely pay off. The last thing you want is a car that falls apart after little usage. Keep in mind that the mileage is going to be much higher on a company car than a domestic family car so you will need to keep 'off the road time' to a minimum.
Fit for the Task
Before you lease or buy a company car, it is vital that you know what the vehicle needs to be capable of doing, how many people it will be carrying, the number of miles it will have to do and so on. While smaller cars tend to be more efficient with fuel, a big luxury brand car can usually be worth the extra expense depending on what is required of the vehicle.The Look
The look of your work car says a lot about your company. It's important to choose a company car that reflects the company's 'brand' image because this will essentially be the customer's or client's first impression of your business. However, this doesn't mean you need to cover the car with company logos and advertising. Simply using a colour scheme appropriate to your brand is enough to make a statement. Depending on your business, you could choose to make a statement by picking an unusual type of car with character.
Buying or Leasing a Company Car
All businesses must be clear and sensible with their expenses. When it comes to spending money on a work car, the first thing to think about is whether to buy or lease.
Leasing allows you to use a vehicle without having to purchase it outright. This can make the budgeting process easier as all costs are included, meaning you won't need to be concerned with the extra expense of repairs, maintenance or new tires. On the other hand, it also means that you've spent money on something you don't really own, and is therefore not an asset that belongs to your company. If you do choose to buy the car at the end of the lease, it will end up costing a lot more than if you'd bought it in the first instance.Using a Dealership
Using a reliable car dealership will make the whole process much easier. The professionals at a dealership will help you to find the right car for your specific needs, allowing you to buy with confidence. You may also get the advantage of finding a pre-used car that fits your needs, which will save you a ton of money. Taxes and Other Expenses
Every country has its own specific regulations about company cars and taxation. You will need to look into this or seek expert advice from your accountant in order to avoid any financial mistakes. Factors that may come into play include carbon dioxide emissions or issues surrounding vehicle performance.
When you buy a company car, it will need to be serviced after it has travelled a certain distance. Doing regular maintenance tasks will ensure the car runs smoothly, therefore preventing possible disruptions to your business. All European cars should be serviced by a European specialist