How to Choose the Perfect Company Car

When you have the responsibility for buying a car for your company, the choice can be even more difficult than when you buy one for personal use. Whether you run your own small business or are in charge of an extensive fleet of vehicles for a larger company, the basic elements are still the same – you need to get good value for money and you have to make sure the vehicle will be up to the task.

Businesswoman and her business car

Business professionals can find it difficult to access reliable advice on how to choose the perfect company car, simply because manufacturers and sellers can make confusing claims, which might not always be able to be taken at face value.

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Lessons in Car Finance: Key Benefits of Taking Out a Chattel Mortgage Over a Car Loan

For business owners or managers that need to purchase vehicles to operate their business, paying for the asset upfront can have a huge impact on their financial resources. With second hand vehicle prices starting from $3000 and brand new vehicles starting from $14,000, the cost to purchase the vehicle (or several outright) might require the business to part with tens or hundreds of thousands of dollars in funds. For many small to medium sized businesses, this cost is too much for people to manage.

Business cars

When it comes to car finance, personal or car loans are another option, however the repayment costs tend to be high.…

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