Buying a car for your company is an excellent investment. The vehicle will serve the company's transportation needs. The question comes in on whether to buy a new or used car? The decision that you will arrive at is dependent on the needs of the company and the cost. Also, the state of the used vs new car. Here are some of the most common myths and misconceptions about buying a car for your company.

Company Cars Are A Waste of Money

Purchasing a car for the company may be a great asset! The primary reason why people think that buying a vehicle for the company is a waste of money is that they do not see the long-term benefits that it gives to the company. You get many advantages when you purchase a car for your company. Some of these benefits are that all company employees will use the vehicle. Therefore, it will help reduce fuel consumption since more than one person will use it.

When purchasing vehicles from great distances, be sure to consider all of your options. Car shipping companies in Ohio and other major US states can help save you money when purchasing specific makes and models of vehicles to match your current fleet. Rather than putting unnecessary wear and tear on a vehicle, you can have it shipped right to your business doorstep.

A Company Car Should Only Be Used For Work-Related Transportation

The second myth about buying a new or used car for your business is that it can only be used for official work-related transportation services. The latter is also not true, as there are many other uses of having your vehicle. A company vehicle can work on weekends or even when you have to go on out-of-town trips with clients and colleagues. Purchasing a car can sometimes be an excellent investment in terms of marketing your business.

Purchasing a vehicle for the company helps reduce costs that you would have incurred if you had to hire someone to accompany your company's employees on their business trips. This helps improve employee morale and reduces your employees' stress levels as they do not have to worry about getting a ride to work or going home.

A major expense in larger cities is cab fare. If your employees are constantly charging the company card for ubers or submitting reimbursements for cash spent on taxis, it’s definitely time to consider a vehicle purchase. If frequent trips across the city or even state lines are required for your employees, purchasing a vehicle may save you money. Travel expenses are often very inflated compared to the cost of owning and operating a vehicle.

Company Cars Will Lower Employee Morale

Another myth about buying a company car is that it will steal the limelight, and employees will not work hard. The previous statement is not valid. Employees working in companies with their vehicles are more motivated and feel like they are a part of something special.

They also feel that they contribute to the company's growth and personal growth. Consequently, the employees tend to work harder for the company and try to live up to the expectations of other employees.

Especially if employees have been using their own vehicles for work purposes, you’ll notice a big shift in company morale if you phase in the assignment of company vehicles. By giving employees a company vehicle for use, you’re effectively adding value to your employee's pocketbooks as well. Your employees will breathe a sigh of relief when company miles and wear and tear from the road will no longer be a concern for their personal vehicles. Your employees should feel valued and cared for.

Company Cars Are Misused

Another myth about buying a company car is that it can be used by multiple users at one time, leading to misuse. This is not true. You can install a GPS tracking system in your vehicle so that you can know exactly where your car is at any given time and how much fuel it has consumed or where it has been driven so far. You can even set up a speed limit for your vehicle so that you do not have to worry about speeding tickets or other issues caused due to high-speed driving.

With modern technology, there are several fleet management tools that you can take advantage of in order to ensure your employees are behaving professionally on the roads. Anything from fast acceleration, harsh braking, and speed limit tracking can be monitored so that you feel your vehicles are safe on the road at all times. Many fleet insurance companies will also offer discounts for the use of such vehicle monitoring methods, helping you save money in the long run. With the use of cellular apps, you can even track who is driving which vehicles at all times and ensure that company vehicles aren’t being operated after business hours.

Maintenance For Company Cars is Difficult

Another myth about buying a company car is that the employees will not maintain the vehicle properly. Again, this is not true, as you can set up a routine maintenance schedule for your vehicle so that it does not break down or get damaged.

You can also set up a policy where your employees have to take their vehicles for regular checkups and maintenance to be kept in good condition all the time.

Company Car Must Be Bought in Multiples

Another myth about buying a company car is that you will have to buy more than one vehicle, which will cost you more money. Again, this is not true; if you are buying one big and spacious SUV, you do not need another smaller car for other purposes.

You can also buy a truck if you need it to carry goods and other materials from one place to another. A truck will serve multiple purposes simultaneously.

Buying a company car or a truck is not as bad an idea as people think. You can get the best deals on company cars by searching online and comparing prices from different dealerships. You can also go for used cars if you want to save more money, but make sure that the vehicle is in good condition and has been well maintained by its previous owner.