If you’re a small-scale company owner who has an item or service needing you to be moved around often, then you’ve probably thought about purchasing an SUV, or perhaps one of them when you’re part of more than one employee. Maybe it’s already in your possession, and might be thinking about upgrading or replacing it. Before you take any action be sure to read this article!
There are advantages to having a fleet or van in full however, are they worth the risks? Have you considered the possibility of hiring out a fleet or van could be profitable for your company or yourself? In this month’s issue, we will explore the benefits and aid you in making the right decision for your company.
The economics of van rental
A brand new car (or a fleet of vehicles) will appear great on your financial statement, and you might even get an exemption from taxes by the government. But, on the flip side, you’ve paid a large amount of money you’ll not be able to recover in fullsince depreciation kicks in from the moment you leave the forecourt. The value of vans is also not certain at present.
When you purchase a new vehicle and you’ll also have to account for all costs involved in managing the vehicle: road tax and insurance, breakdown protection MOTs, servicing and repairs. If you plan to frequently drive through Central London in a non-compliant vehicle, you’ll also be required to pay an Ultra-Low Emission Zone fee as well as the congestion charge. In no time the charges will have added up to a significant amount of cash.
The option of renting a ULEZ certified vehicle will spare you from having to find cash to pay for these expenses, and allow you to move your commercial items from one location to another with just the trip to consider! For a financial reward when you lease an automobile solely for use by business, then you’re eligible to get your VAT back and the lease cost are tax-deductible.
Reliability of the vehicle
In this day and age, and with a recession coming, nothing can be said to be a guarantee. Renting the vehicle you need for your business can provide the security you require and freedom from the need to make an agreement. In this way, the burden of the expenses that are associated with maintaining your vehicle can be taken care of. This responsibility is transferred to the company that hires you, which is in the best interest to have up-to-date and reliable vehicles for their customers. A lot of hire companies, including ours are also equipped with breakdown solutions to cut down on the amount of time you are searching for a way to get to the place you’re going to need to go in the event of something happen.
If you’re in need of it, it’s there.
After the COVID-19 outbreak motoring has been impacted by a shortage of solenoid. Without any current information on the time when this shortage will be over the option to buy new vehicles is likely to get more difficult. In the present we could be looking at waiting between 12-18 months for purchasing a new van. If you’d like it to be either long-term or short-term, renting a van could be the best option to meet your company’s transportation needs.
As flexible as you can be
Halesowen self drive offers you the most flexibility whenever you require it. Are you looking for a larger van to handle a bigger job? Are you looking to scale back your van during less busy times or increase your capacity quickly following the award of an additional contract? It’s not just possible but it’s also easy. This also gives you with the chance to drive in the latest and more efficient vehicles without having to trade or sell the vehicle you purchased.
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