Tips for Selecting a Company Car
Selecting a car can be quite difficult even if it will be for personal use, but when a company gets in the middle of things, you know that you really have to pay attention to how you choose the car because it is not just you and your money that is at stake. Do take into consideration every single aspect of buying a car for business and you will not regret your decision later on. Continue reading and find out the best tips to do this successfully.
What Kind of Car Do You Need?
Depending on what kind of company you have, you might be interested in different types of cars. If you company is sales focused, for example, then image will matter a lot. As such, you’ll want to invest in a company car that appeals to your clients and shows that you are a successful company. Successful people like to do business with other successful people, and having a luxurious car is one way to illustrate this. If you want a car that is beautifully designed, a dream to drive and looks the part, check out BMW’s range of company cars.
Re-Sale Value Makes the Difference
When you buy a car for your company, you should be well aware of the fact that you will have to replace it quite soon. And when that happens, make sure that you get a good price by investing in a car with a good re-sale price from the very beginning. For example, buying a BMW will definitely earn you more “points” when the time to sell it forward comes and it can add some money to your future car’s budget as well.
Hybrid cars, for example will always have a higher re-sale value on the market than any other type of car, precisely because they are the future and because they can save a lot of money on fuel costs too (since they are much more efficient). It is important to think of how your company car will hold its value, especially if you are the type who likes to upgrade every few years.
It is very likely that you are taking into consideration the fact that your car will be part of your company’s image – and that is true. You will want a company car that you feel reflects your company’s ethics, style and class. This is especially true if you want to get your company’s logo on the side of the car. If you have a car that will not be the ‘face’ of your company and is more for the employee’s benefit, this will be less important. Think of your long term vision for the company and how the company car and branding will tie in together over the coming years.
It may seem that buying an old car will save you money right now – and that is true only if you think in terms of small amounts of time. Older cars have a great disadvantage: they usually use up more fuel, which comes with extra costs for your company. Even more than that, older cars are more likely to break down, which also comes with a range of expenses. It may be better for you to get a newer model as you will know how it has been driven from the very beginning as well as its service history along the way.
Buying a company car can be a great asset to your company, provide a great incentive to your staff and can also help you promote your brand simply by driving it around. It is an investment and as such care and attention should be used to ensure that the car meets your current needs as well as the needs for your company as it grows.