A Guide To Buying Your Company’s First Commercial Vehicle
If you’re a small business owner, you may find that you need a company vehicle, or you may need a fleet of vehicles. In either case, there are a few things to consider that are especially relevant to buying commercial vehicles.
Take a Hard Look at the Vehicle’s Capabilities
While you may not need much now in the way of towing capacity and payload, that will likely change in the future. As your business grows, so will the demands you’ll need to place on your company’s vehicles. When making these purchases, think of the future growth of your business and try to find vehicles that will remain up to those challenges. Remember, they’ll be expected to carry more personnel, as well as more equipment or products.
Accept Bids from Local Dealers
This can be especially helpful, if you need a fleet of work trucks St Cloud MN, as opposed to just one or two vehicles. Let area dealers know what you’re looking for and if you have a special make and model in mind, as well. Tell them your terms and make sure to mention any trade-ins you have to offer as well. This can help you get a better deal.
Research the Model Before You Buy
It’s more common than most people realize for business owners to end up with defective lemons, or vehicles that just aren’t up to the task. It’s better to research the model ahead of time to avoid buying into a bad deal. The internet has become extremely useful in this area, because it’s a great place to find reviews from previous customers. Additionally, look closer at the model’s specifications to ensure it can handle the jobs for which it’s needed.
Consider the Operating Costs
In addition to the vehicle’s capacity, look at what it will cost to operate the vehicle on a daily basis. The most obvious cost, of course, is fuel, so be sure to check to see how much mileage it gets per gallon. Factor in whether the vehicle will spend most of its time on surface streets or highways, as well. Look at the wear and tear, or how long it will be before taking the vehicle in for service and preventative maintenance. Does the model have a reputation for frequent breakdowns? If so, you might want to keep looking.
Speaking of Maintenance
This should be factored into the operating costs for your vehicle purchase as well. In looking at your budget for the new vehicle, be sure to add in the costs that go along with maintaining the vehicle. Many business owners fail to consider this in planning for their purchase and it leads to rundown vehicles sooner than they expected. There will be expenses that may come up monthly, semi-annually, or each year. This includes the costs of registering and insuring the vehicles, as well as buying new windshield wipers, getting oil changes and tune-ups, and keeping the tanks filled with gas.
Buying a company vehicle or a fleet of vehicles may be a vital aspect to your company’s growth, so be sure to make wise decisions. Rushing into a purchase may leave you with a poor-performing vehicle or with something that costs more to operate than it delivers in returns on the investment.