Getting a new Business Car? Not so fast. It is a more important decision than you would believe. Why is that? There are many reasons why choosing your new car is an important decision, and a business car is no different. Take all the different factors into consideration and then choose the best vehicle for you. To reduce some of that stress, we all feel we will look at what factors are most important when choosing your next car.
Buying or Leasing
There are a number disadvantages and advantages between buying and leasing your new car. We will not go into all of them but take this as an example. If you buy a car it will be yours, and you can keep it even if you lose your job. If you lease a car, it will most likely be tied down to your current company. On the other hand, leasing a car can be a lot cheaper than buying. For example, there are some very affordable prices on Honda lease fleets. You should also consider the option of having a better car than you could necessarily afford if you had to pay the entire cost at once.
What kind of car?
The type of car you will be looking for will largely depend on what you need it for outside of work hours. For example, if you have a partner who is unemployed then you may not need to go to those early morning school drop offs. This may mean you can look for a signature business car like a BMW rather than something better suited to your family. If you have a separate car for the weekends, then you may be looking for a vehicle, almost exclusively, to impress the clientele. Your choice of car will say a lot about you so choose wisely.
How much are you driving?
Do you take long across the country business trips? If the answer is yes, do you drive or take public transport? If long drives are in your future, you will be looking for a car that is fuel efficient. This is particularly important if you are leasing because you will still be paying for the petrol. It may also be an advantage to lease because the more you travel, the more likely something will go wrong. If you lease, you will not be responsible for fixing it. On the other hand, if you are just looking for something to drive to the other side of town in, fuel efficiency may not be high on your list.
Check before you go
Finally, you should always check your car out before purchase. If you are buying, you need to check the engine, steering, gears, brakes even if you are purchasing it brand new. If leasing you need to make the same checks. Although you are not responsible for repairs, you do not want to break down on your way to a meeting if you can avoid it.
And do not forget, a vehicle that is a pleasure to drive can make those weekdays seem a lot shorter.