The numerous benefits of investing in company cars are something that every business should consider. There’s really no excuse not to take advantage of the opportunities company cars offer.
Here are a few ways that company cars could be beneficial for your business.
• Attractive Manufacturer Discounts
Numerous manufacturer models make it easy for businesses to mix and match their fleet according to need. Almost every major automaker offers substantial fleet discounts on the models they produce.
• The Benefits of Going Green
A benevolent attitude towards the environment will not only benefit you on a moral level, but the use of ‘green’ vehicles is also more attractive to consumers than a fleet full of gas hogs. ‘Green’ vehicles can help to gain customer interest and increase consumer numbers, thus boosting sales and profit.
• Short-term Commitments
The option of leasing vehicles is not only beneficial in terms of operating expenses, but also as a means of changing their vehicles on a regular basis. By providing employees with the newest models you can enhance your business’ affluent image, making your enterprise seem financially stable and encouragingly safe.
• Fleet Management Services
Companies combine technology with market leading customer service to provide a wide range of made-to-measure fleet finance and management services including all forms of funding, maintenance management, accident management and daily rental management, removing the complexities of running your fleet.
• Tax Benefits for Corporate Vehicles
Business owners, directors and some employees (based on salary levels) are able to utilize company cars to receive tax benefits. Although there are some costs involved, government tax codes offer attractive benefits based on vehicle type and miles driven. Businesses may also be eligible to receive certain asset/capital allowances on tax returns.
• Corporate Branding
Vehicle advertising is a useful, economical medium for advertising your business and promoting your brand message. Vehicle wraps, graphics and vehicle vinyl lettering can be used to build your brand identity and transform your fleet into 24/7 moving billboards.
• Employee Motivation
If it is known in the workforce that your company offers vehicles to top employees, you’re more likely to receive applications from well-qualified, experienced candidates. Not only do company cars help to attract the very best talent, they can also motivate your current employees to work harder. We all like to feel appreciated, so offering material rewards helps to create a loyal, dedicated workforce.