Using your business to make driving cheaper
Most people drive and own a car. They are vital to a lot of people’s lives. And, they make it possible to do things you could never have done without a vehicle. Owning a car is truly a wonder of the modern age. But, running a business alongside a car can be hard. Owning a car is a never cheap. And, most small businesses have to save money wherever they can. For most, the option of not driving won’t exist. Instead, you will need to find ways to make driving cheaper. If you own a business; this is nice and easy. And, this post is going to be showing you how to do it.
As a business, you will have expenses that don’t benefit you personally. Instead, the money will be spent on bettering the business. Of course, your car won’t be just for business use. It’s likely that you will use the car loads in your personal time, too. But, this doesn’t matter. The fact that you bought the car and it will be used for business means that, in most places, you’ll be able to get some money back from it. Along with this, you can also save money on fuel in the same way. Most small businesses ignore this sort of money saver. But, it’s worth at least investigating. In some cases, you may be able to get up to 20% back on your car and fuel.
It’s very common for businesses to give their employees cars. Company cars like this aren’t owned by the business that gives them out, though. Instead, they are usually on a lease. A lease is a long-term rental agreement which is designed to cost less than buying a brand new car. Most companies that offer this will offer huge discounts to businesses using their services. So, it’s a great way to save some money. You just need to find a company like www.allcarleasing.co.uk to help you out. Along with not owning the car, you also don’t have to pay for repairs or maintenance; if it requires it. Instead, you just get in contact with the leasing company and they will handle it.
Last on this list comes insurance. In most places, insurance is a legal requirement for cars on the road. It’s used to protect you and other road users from financial issues coming from accidents. Without it; it would be impossible to hold people accountable for collisions. So, it’s easy to see why it’s important. But, just because it’s important doesn’t mean you have to pay a premium for it. Instead, you can go for a business option. Like leasing for businesses, insurance for businesses is cheaper than it is for consumers. And, on top of the normal savings, you may also be able to claim back the tax from it.
Hopefully, this will give you a good idea of what needs to be done in order to save money on a car as a business. Businesses can save money in loads of areas. Most of the time, it’s just a matter of some research to find some great savers.
** This is a collaborative post
Many businesses in Ireland, where I live, supply their employees with diesel vehicles as these deliver about 25% more miles per gallon. In Ireland, diesel is about 10% cheaper at the pumps.
Road fuels in Europe are much higher than in America, so there is a huge incentive to reduce fuel costs. (A gallon of road diesel costs the equivalent of US$7.50 in Ireland and in some European countries such as UK and Norway, as much as US$10)
Company vehicles which are mainly used in cities are often fitted with speed and/or rev limiters to cut down on fuel consumption, reduce crazy acceleration and eliminate speeding fines.
Two convictions for speeding in Ireland, during your lifetime, mean you lose your driving license and must wait a year before applying for a learner permit (which you must hold for a year before you can apply for a driving test). There are also massive fines imposed, and the real likelihood of jail if the speeding resulted in an accident, injury or death.