Having a company vehicle can be expensive, causing many business owners to question if owning one will actually be beneficial to their cause once costs are factored in. Spending money on a vehicle to be used for business purposes, however, can bring benefits that totally outweigh the expense and can drastically improve your business prospects. Here are our top 5 reasons why you should invest in a company vehicle.
1. Providing services
If yours is a business that provides services, a company vehicle will really be a huge benefit to you. It will allow you to effectively meet the needs of your customers in the most cost-effective way. Imagine, for instance, that you send out employees to deliver services to customers in their own vehicles, you will find that you have extra costs in terms of reimbursing them for their mileage. This can be extremely expensive and complicated, leaving you in a situation where you are potentially not just paying out extra in fuel reimbursement but also paying someone to help ensure you are meeting your tax obligations.
2. Cost efficiency
There is no way of getting away from the fact that owning a company vehicle will be an expensive affair. To achieve cost efficiency, therefore, you might wish to consider finding a UK van lease company and taking advantage of their flexible leases so that you can hire a vehicle over the long term. You will have to pay a monthly lease fee but will not have a large initial outlay and because leased vehicles are often newer, you should have reduced maintenance costs.
3. Attracting employees
A company vehicle can be a huge incentive for potential employees to come and join you. Owning a company vehicle can really help out employees as they won't need to purchase a vehicle of their own and so it is often something that it is really sight after in the job marketplace. By offering a vehicle as part of your job offer, you can be sure that you are attracting the very best employees. Plus, you'll keep them happy and happy employees make happy customers. You can find out other ways to make your customers happy by reading our post on customer service errors to avoid.
When you have a company vehicle, you can cover it entirely with your logo, company name and phone number. There really is no better of getting your name out there in the big wide world than by having a vehicle driving around, on busy roads, with all of your details on.
5. Improving company reputation
Having your own company vehicle just makes you look more professional. It can give the impression that you are successful, and that you really take pride in your business and in the work that you do. Plus, having a vehicle can help you be more reliable and trustworthy because you can ensure all of your employees can get to jobs quickly and efficiently. This ensures that you build up a positive reputation in delighting your customer, helping you to build up a loyal customer base who will tell others of your excellent customer service.