Three Methods to Make Purchasing a Business Car Easy and Cost-Effective
Businesses in many industries rely very heavily on company cars and they are a key part of their operation. A company car can make it very easy for different employees to travel both near and far - this could be for a client meeting, a conference, work trip or any other work-related journey. Much like buying an automobile for personal use, you will always want to make the purchase as easy and cost-effective as possible. Here are three ways that any business can do this:
1. Go Green
In a bid to encourage eco-friendly driving, the Government has introduced incentives to purchase electric or hybrid automobiles that suit both individuals and businesses. By going green you could have zero road tax, congestion exemption, free parking in some areas and other perks. Running costs are also significantly lower than petrol and diesel automobiles. If your business has a fleet of electric automobiles, you can benefit from Low Employer NI Contributions, 100% First Year Capital Allowance and no fuel duty payable on electricity. Practically every manufacturer has at least one electric vehicle in their range, so you should be able to find one that is perfect for your company’s needs.
Leasing a company car instead of purchasing brings a host of advantages. It provides the option to upgrade to a new car every few years, you do not have to worry about depreciation or selling the car down the line and fixed monthly payments can be easier to budget for. Business lease deals from companies like Car4Leasing can include servicing costs, replacement tyres and other add-ons. In addition to this, you also benefit from being able to claim 100% of the VAT back as long as the vehicle is used solely for business purposes.
3. Business Dealerships
Another way to make the process easy and cost effective is to use a dealership that specialises in selling, financing or leasing to businesses. These places will have experts who know about selling cars to businesses and they are likely to have programs and fleet discounts. This ensures that you get the best deals and that the transaction runs smoothly. Purchasing an automobile for your business is an important decision, but it is also one that can be complex and expensive. The above methods can both take the stress out of finding an automobile whilst also ensuring that it is an intelligent and cost-effective investment.
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