3 Questions to Ask Yourself Before Getting a Company Vehicle | VitalyTennant.com 1

3 Questions to Ask Yourself Before Getting a Company Vehicle

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When it comes to getting a company vehicle, this is usually a pretty exciting time. In a way, you’re expanding your company by getting this helpful tool. It’s not just a vehicle, but it’s a vehicle solely meant for the company. Even though you might be looking into different vehicles and insurance policies and even engaging with fun facts about semi-trucks, at the end of the day, before you can select anything, you have to start by asking yourself questions. 

Cars are expensive, so in a way, this is an investment to improve your business. But like any investment, and anything with a high cost, you’re going to have to keep in mind that you need to make it count. So, here are some questions to ask yourself before getting a company vehicle.

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Do You Actually Need It?

It might be weird to start off with this, but do you actually need this car for your company? A company vehicle is an expensive investment for any business. It’s vital to get it right the first time – if you buy the wrong kind of car, you can end up with a huge financial burden and an unhappy team. 

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Whether you’re looking for a refrigerated van for sale or just a new saloon for staff commuting purposes, it’s important to consider why your business needs a company car. You should also check that any car you purchase is within your budget and affordable with the cost of business insurance. If you need something really specific, then you might be better off buying it, like a refrigerated van, but if it’s just a standard car, you might be better off leasing it from a company. 

Can You Pay for the Fuel?  How Easy Will It Be to Power It?

Unless you’re getting an EV car for your company, you’re going to have to consider this too. Nowadays, fuel is getting more expensive, and you might have to drive more in the company car than your personal car. Can you afford fuel for two cards? If you’re planning on getting an EV car, will you be able to easily access charging ports?

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Is the Car You Want Safe?

Whether you’re trying to smoothly relocate your business or you’re trying to just get around for the sake of operations, can you feel certain you’re picking a safe vehicle? Whether you’re choosing one that’s brand new or used, safety is everything.  This isn’t just about you, but for any worker that uses that car because if it’s proven that the car is faulty, you can expect a major lawsuit. Various nonprofit authorities conduct crash tests and assign car safety ratings. You can check a car’s safety rating by looking at the Monroney label or the IIHS website. A good safety rating means that the vehicle can prevent significant injuries.

Overall, when it comes to a company car, it’s going to be a major decision. There are so many things that are on the line, and that definitely includes your business too. So, be sure to be upfront and honest with yourself. It might even help to talk to your workers too, to see if they have a preference or any advice. A company car can be a major game changer, but you just need to keep in mind that it all starts with the right car.

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