Whether you’re driving to client meetings, making regular long-distance trips, or transporting equipment, your car should tick all the boxes. Therefore, when choosing the right vehicle for your business and travel needs, there are different factors to consider beyond personal preference.
You’ll need to weigh up efficiency, safety and costs. By considering factors such as these, you can make an informed decision that serves your business well.
Define your requirements
Start by identifying exactly what you need from your business vehicle. This will help you narrow your search. If you frequently travel long distances, for instance, prioritise comfort, fuel economy, and reliability.
Consider your business too. Are you a salesperson carrying samples or stock? You will require ample boot space. Maybe you’re a tradesperson? If so, you may need a van with a large cargo capacity.
Additionally, consider your budget not only in terms of the purchase price but also running costs such as insurance, maintenance, fuel, and depreciation.
Vehicle types
Your choice of vehicle should suit your professional needs. Research the options available.
Saloons are popular for business use, offering a balance of comfort, fuel efficiency, and a polished appearance. They are ideal for frequent motorway travel but may lack cargo space. If you need more room, estate cars provide the same benefits while offering more storage capacity, making them useful for professionals who need to transport equipment.
For larger vehicles, SUVs and 4x4s cater to those who travel in rural areas or require extra space, though they tend to have higher fuel costs. Vans are suited to those who need to carry a lot of tools and goods, with models ranging from compact versions to large panel vans.
If you’re considering switching to electric, there are full EVs and hybrid motors that are an attractive option for cost-conscious businesses looking to reduce fuel expenses. You can also benefit from tax incentives while lowering their environmental impact.
Cost considerations
Beyond the initial purchase price or lease costs, owning a vehicle comes with ongoing expenses. Fuel costs vary depending on whether you choose petrol, diesel, hybrid, or electric, with electric being more cost effective in the long run. Insurance premiums also differ based on the type of vehicle and usage, so getting quotes in advance can prevent surprises.
Regular servicing and potential repair costs must also be factored in, particularly for high-mileage vehicles. Road tax varies depending on emissions, making low-emission options more financially attractive.
Depreciation is another major factor. Selecting a car with a strong resale value can save money when upgrading.
Vehicle history checks
When buying a used vehicle for business, verifying its history is essential. An HPI Check can uncover issues such as previous accidents, outstanding finance, or whether the car has been stolen. Without this check, you risk investing in a vehicle with hidden problems that could lead to costly repairs or legal complications. Protect your business by ensuring your vehicle is free from undisclosed issues.
Resale value
A smart business vehicle purchase considers not just the present but the future. Cars with strong resale value reduce long-term costs, making it easier to upgrade when you need to.
Resale value is impacted by mileage, service history, and condition among other major considerations. Choosing a well-regarded model with a low depreciation rate ensures that your vehicle remains a valuable asset rather than a financial burden.
By carefully evaluating your needs, researching your options and running background checks, you can choose a business vehicle that delivers.
