How to Buy a Car for Your Small Business

The Smart Way to Buy a Car for Your Small Businesses

 Should your small business purchase a vehicle? In many cases, it can be a boon for your bottom line – opening up new revenue streams and increasing operational efficiency.

 Here are three things to contemplate as you consider whether buying a car for your business is the right move for you:

1. Estimate the Cost Benefits
While the acquisition cost is often the foremost consideration, it’s important to think through other factors that affect the total cost of ownership. Fuel, insurance, taxes, protection plans, customization (i.e., vehicle wraps) and maintenance costs should all be estimated to give you a full sense of what to expect.

2. Evaluate Your Needs
It’s wise to seriously assess the practical and possible needs of your business. For instance:

• Shuttling executives or prospective clients?
• Transporting equipment or goods?
• Making airport runs with multiple people and their luggage?
• Traveling between two regional markets to save airfare costs?

Depending on if your company vehicle needs to serve a singular purpose or flexibly serve many, take stock of what makes the most sense. This helps you search for the ideal vehicle.

3. Acquire It Strategically
Should you buy or lease a car for a small business? And if you buy, should you choose a new or a used car?  Each has its pros and cons.

• Used vehicles are generally more affordable to acquire and insure but can have shorter warranties.
• Leasing can mean lower monthly payments and more frequent upgrades but may limit your mileage and ability to customize your company vehicle.

 Take time to weigh these options and prioritize how to buy a car for your small business.

RubyCar Can Help
RubyCar can help small business acquire a great used vehicle, with three unique benefits for buyers. 

• First, each vehicle has had one owner (Avis) and has been meticulously maintained by manufacturer-certified technicians using only original equipment parts.
• Second, RubyCar offers a variety of brands, makes and models to meet your need.
• Third, every RubyCar includes a 12-month, 12,000-mile warranty. Plus there are customizable protection plans that can help further safeguard your investment.

When considering a vehicle for your small business, use these three recommendations to help you make the best choice. If you choose to buy used, let RubyCar help you find a gem!