How Buying a Car Can Help Your Business GrowWhile some businesses depend on transport, just about every enterprise could stand to benefit from a company car. When it comes to growing your business, you’re going to need access to a considerable number of assets. From business premises to a concise marketing campaign and everything in between, running a vehicle amongst it all could be the killer edge you’re in need of.
Why Buy a Business Car?
It makes sense to buy outright for business purposes. Here are just a few reasons why:
- If you’re using a car for business purposes (even if you’re an employee) the proportion of business use is generally tax deductible. You should always seek advice from your accountant, but the tax savings for business use vehicles can add up to tens of thousands of dollars!Business use vehicles attract lower finance rates than personal car loans.
- A car you own is an asset. Once you’ve purchased a car, on finance or otherwise, it’s yours for life
- It’s also advertising which pays for itself. Branding your car will effectively advertise your business to all and sundry – and you won’t even need to get out!
- Buying a car outright entitles you to an asset. When it comes to commercial financing and other borrowing options further down the line, you may need a few of these.
Buying a car offers your business plenty of power from the get-go. For most business owners, even if they’re not transporting tools or trade goods, a business use car is an absolute must.
When to Buy a Business Car
If you’re in the process of growing your firm, a business vehicle can allow you to bridge serious gaps. From enabling you to reach out to more people, to spreading your name and ethos far and wide, it’s a fair edge that you’ll be claiming over your competition.
But when is the best time to start looking for a commercial car? Many will advise that you should look into financing options as soon as you possibly can. Starting out with a new vehicle which you own outright will put you on the best possible foot forward, just ensure your business can comfortably afford the monthly repayments.
Financing Your Business Car
If you’re unsure how to feasibly afford or finance a car for business purposes, help is always at hand. Many firms opt to buy cars on finance as opposed to outright. Thankfully, there are now more options opening up for Australian entrepreneurs than ever before – simply call our expert brokers at AutoCarLoans on 1300 301 051 to learn more today!
DISCLAIMER : The thoughts and opinions conveyed on this website are those of the authors only and are of a general nature. This does not constitute financial or general advice to you from Auto Loans Group. You should seek your own independent advice from a professional which is specific to your circumstances before considering any of the items referred to in this article, including finance, insurance, and car buying.