If you decide to go ahead with securing a vehicle or two through your business, look for the vehicle and finance solution that suits you best. It's a costly business, so take the time to thoroughly research and evaluate your options.
You’ll need to think about how the vehicle(s) will be used and if it can be successfully integrated into your small business. If not, then it would be much more effective to keep a vehicle purely for personal use only, so don’t be tempted to splash out and treat yourself when you don’t have the funds in place or suitable needs to transport products or services.
As daunting as this decision is, the right vehicle can tap unsourced potential for small businesses. They are usually one of the biggest costs for the entire year, but if you’re small business has grown or you’ve seen good cash flow recently, look at the addition of a single vehicle or a fleet as a wise investment.
In addition, an effective vehicle management strategy you can keep track of employees. Monitoring the cars with GPS and internet enabled devices allows you to evaluate the driver in terms of safety, appropriate use, fuel consumption and provides a contingency plan if the vehicle is stolen.