13 September 2024

The Ultimate Guide to Choosing the Right Business Car

Company News

Choosing the right car for your business is an important decision that can impact your operations, efficiency, and budget. Whether you're meeting clients or delivering essential supplies, the car you drive needs to align with your specific business requirements. In this guide, we’ll cover the key factors to consider when choosing the right business car —like fuel type, cargo space, and cost—so you can find the perfect vehicle to support your business and its goals.

How does business car leasing work?

Business car leasing allows companies to rent a vehicle for a set period – normally between 2 and 5 years - while paying monthly instalments. Instead of buying the vehicle outright, leasing provides access to newer models with lower upfront costs. At the end of the contract, you can return the vehicle, extend the lease, or lease a new model. Leasing can be a great option which often includes flexible agreements, mileage limits, and the ability to tailor the agreement to your company’s specific needs. It’s a popular choice for businesses that want to manage costs whilst still keeping their fleet up to date. To find out more about business car leasing at Lloyd Motor Group, tap the button below.

BUSINESS CAR LEASING

What should I consider when choosing a business car?

When choosing the right business car, there can be a lot of factors to weigh up. Here are some of the key points to consider.

Establish a Budget

Before choosing a business vehicle, be sure to establish a realistic monthly budget that aligns with your financial capabilities and business goals. Consider not just the initial cost of the vehicle, but the overall expenses involved, including maintenance, fuel and insurance. Doing this will guide your choices and prevent overspending. At Lloyd Motor Group, we have a range of different business offers available, to help make driving a new car as affordable as possible for your business.

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Passenger and Cargo Space

When it comes to choosing the right business vehicle, think about the size and capacity you need based on your business needs. Can it comfortably carry your products or equipment? How many people will be using the car regularly? If you frequently transport clients, colleagues or cargo, choose a car with ample seating and legroom, as well as a spacious boot.

Business or pleasure?

Consider whether the car will be used solely for business purposes, or whether you’ll also be using it for personal errands or commuting. If you’ll be using the vehicle in your own time as well as for work, consider where you’ll be driving and what else you’ll be using it for. This can not only affect your choice of vehicle, but also your lease terms.

Consider Electric

Business sustainability extends to your vehicle choice, so why not explore options that align with your commitment to eco-friendly practices? Electric vehicle are a great option to consider for eco-conscious companies who want to reduce their carbon footprint. With government incentives available and the potential for tax and fuel savings, it’s definitely an option to consider.

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What are the best company cars?

There's no one-size-fits-all answer, but some popular choices for business cars include:

Mid-Size Saloons: Saloons such as the BMW i5 can offer a balance of comfort and space, and are ideal for frequent client meetings.

SUVs: Providing versatility and cargo space, SUVs are suitable for field work, deliveries, and transporting multiple passengers. Options include the Range Rover Evoque and Volvo XC40.

Electric Vehicles: Reduce emissions and offer significant fuel cost savings for high-mileage drivers. Options include the BMW i4, All-Electric MINI Countryman, Kia EV9 and Volvo EX90.

Company Cars available at Lloyd Motor Group

At Lloyd Motor Group, we offer an extensive selection of new vehicles suitable for all types of business needs. Our expert corporate sales team will help to guide you through the different available options, and help you to choose and configure the perfect car for your budget and company requirements.

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Choosing the right business car requires careful planning and consideration. By prioritizing your budget, operational needs, and environmental impact, you can find a car that increases productivity, reflects your brand image, and keeps your fleet running smoothly. Remember, your ideal car is out there – use this guide as a starting point, and let Lloyd Motor Group help turn your business driving experience into a success story.

Business Services at Lloyd Motor Group

Whether you need advice on financing or choosing the best business vehicle, our knowledgeable Corporate team have industry-leading expertise to find the perfect option for you. You can find more information on business leasing, finance, and fleet vehicles using the buttons below.