Rent a car for your small business use is same as getting a car for yourself, only difference is it may come with a different set of terms and conditions. Nowadays many business owners are leasing cars for their business use as many car rental companies offering attractive monthly prices and business owners can change cars frequently to keep up with new technology and safety features.
But is a leased car right for your business? Generally, a lease is preferable if you’re going to use the vehicle for less years probably two years or less, and don't want to make a large budget commitment up front. If you think you're going to keep the car for at least five years and your budget allows for it, then owning the car could be the better option. As every business needs are different, you have to consider all the factors while leasing a car. Here is a brief list of considerations:
Reviews of the car rental services: Many car rental companies have an online presence along with the customer care. Check their websites for previous reviews but you may find all the positive reviews as they only post pleasing reviews, so make sure to dig around and look for all the reviews on other local websites. It will greatly help you determine the quality of their services.
Visit car dealerships: Visit car dealerships near to your office and try to get the information from sales representative as they will have better handle on the needs of a small company rather than individuals.
Browse all the available cars for rent: Every business needs are different and according to your business model if you have to choose the vehicles. If you deal with client meetings regularly then go for luxury cars which will showcase your professionalism. Choose large vans if you want to use rented vehicles for transport goods.
Assess for all leasing options: As always is the case in business financial matters, you have to consider your budget while leasing a car on a monthly or yearly basis. In general car rental on monthly basis is more costly than yearly or long-term leases, as the residual value goes down faster in the first 24 months. Check with your car rental company for all the leasing options which suits your budget as well as your business needs and don't stick to one company look for other car rental companies which will offer better options.
So what are you waiting for? Conduct a complete research about the company and the car that fulfill your business needs and make sure that you have checked all the above considerations before you opt car rental for your business use.