Make the Most Out of Your Business Car Loan

September 30th, 2016

4 Tips for Choosing the Right Company Car

Before you start hunting for a business car loan, you need to have a solid idea of the sort of business vehicle you are looking for. When it comes to major purchases (like a company car) it is important that your decisions are based on strategy, logic and thought, not on impulses. Company cars should be wise purchases that contribute to the bottom line of your business.

So, here are 4 tips to help you get the most out of your business car loan by choosing the right car for your business.

Choose a Fuel Efficient Car

This one is pretty self explanatory… if you plan to travel a lot in your business car, make sure that you save money (and the environment) by choosing a car that is fuel efficient. The Australian Government’s Green Vehicle Guide is a great place to start – it allows you to compare the environmental performance and fuel efficiency of up to 3 cars at once.
If you’re really serious about fuel efficiency or environmental sustainability, you could even consider an electric or hybrid car.

Choose a Car That is Safe

This seems obvious… but you’d be surprised how many people opt for stylish design or wow factor over the most important feature of any vehicle – safety.

If you’re going to be driving your business car every day, it needs to be safe. Before deciding on a car, check out the Australian-Government sponsored website How Safe Is Your Car, which will help you to Find the safest car possible. Cars have great safety standards these days, so it won’t be difficult to find a car that is both safe and stylish.

Driver in business suit fastens his seat himself automobile seat belt

Choose a Car That Suits Your Business

Your business car needs to appear professional and suit the concept and aesthetic of your business. The car that you drive when you are on business is a physical representation of your company – so make sure that it reflects your brand in a positive light. One of the most important things to consider when choosing a business car is what you will be using the vehicle for…

Is it a general vehicle for you and your employees to get around in?
Something small and fuel efficient ought to do the trick.

Is it a delivery vehicle?
A van might be the best option.

Do you take the car on client visits?
The car will likely be the first thing the client sees, so make sure it represents your brand and emphasises your success.

Will it just be you driving the vehicle?
Think about the functions that will make you feel like your time in the car is as efficient and comfortable as possible.

Don’t choose your company car on a whim – instead, see this decision as an opportunity for strategically improving your business’s effectiveness.

Choose a Car with Functions that Will Make Your Life Easier

Think in depth about what you need from your company car: lots of boot space for storing equipment? 5 seats for car pooling? A small exterior for squeezing into small car parks? Voice command that enables you to make phone calls and perform certain tasks while driving? Memory foam seats for ultimate long-trip comfort? Once you have figured out your criteria, choose the vehicle that ticks the most boxes.

A great business car is one that maximises, rather than incapacitates, the efficiency of your business and its staff. Choosing the best company car for your business isn’t easy. Luckily, we’re here to help. Simply contact us for expert advice on business car loans and for more information about finding the perfect vehicle for your business.

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