Whatever business you’re in, it’s critical you’re able to do it efficiently. One of the main reasons businesses fail is the inability to target a profitable business model with proven revenue streams.
Whether you’ve been considering the purchase of a commercial van for a while or have only been throwing the idea around for a couple of weeks, it’s important that you employ an effective strategy. This ultimate guide to buying your business van will best ensure you make the right choice.
1. Make Sure It’s Reliable
You’re making an investment, and an investment is something that pays back. The last thing you want to do is buy a commercial van that isn’t reliable. A great place to start is to buy a make and model that has good reviews and is known for its overall reliability. A few steps you can take include:
- Have the van inspected by a trusted mechanic.
- Check body condition, glass, suspension, tires, lights, and lenses.
- Check for strange odours.
- Check fluids.
2. Going Beyond the Purchase Price
You certainly want to get a good deal on your business van. However, all too many fail to consider running costs. There are so many expenses involved with keeping your van on the road including:
- Regular maintenance
- Finance charges
A cheap van can quickly turn into a money pit when you fail to consider running costs. It’s never a bad idea to the professional opinion of an experienced mechanic to help make accurate determinations.
3. Don’t Forget Insurance
Before you make your final purchasing decision, make sure you consider insurance costs. As a business, options like courier van insurance provide a great way to protect for haulage, delivery, and courier service. It usually only takes minutes to receive a free quote.
4. New or Used? Which is Better?
You have two options when it comes to your commercial van: new or used. This is not a one-size-fits-all determination. However, there are some things to consider to point you in the right direction.
A new van can be worth the investment. They often feature fuel efficiency, and the warranty offers security. Keep in mind, however, that it will depreciate as soon as you drive it off the lot, so if you are just starting your business, it might not be the most cost-effective option to buy a vehicle brand new.
A used van offers the incentive of knowing the substantial depreciation losses have been taken by someone else. This can be a great option for the businessman on a budget. However, the risks of issues due to wear and tear are higher. As long as you know what to look for when buying a used van, you can get a deal that suits you.
Maximise Your Bottom Line
The investment in a commercial van can be one that pays back substantially. By understanding the ins and outs before you make your purchase, you can be on your way to expanding your business and increasing your bottom line. Have one in mind now? Get a free quote now!