Saving on Start Up Costs with a Pre-Owned Commercial Vehicle
Over the last decade, more and more people have been starting their own businesses. Even though big businesses will always take the forefront, simply due to available resources, small businesses and freelancers are now gaining some serious ground.
The pandemic has only strengthened the gig and freelance economy and encouraged even more people to work from home (and for themselves). But even though we are all doing our part with social distancing and the like, there are some services or deliverables that just have to be done in person.
When you are starting up a business, especially in these odd economic times, it is important to keep your start up costs as low as possible. Getting a small business loan isn’t as easy as it used to be. Everyone has ideas, everyone wants to be their own boss, and not everyone can be given funding. There is, after all, only so much to go around per lender.
So how do you start a business without getting a large loan? By starting out with used, but reliable, equipment. You are probably willing to buy a used computer or used tools. Why wouldn’t you start out your business with a used car?
In fact, a brand new car loses 20 percent of its value the minute you drive it off the lot. Even though any vehicle loses value year by year, the depreciation (how much value is lost) is much slower with used vehicles. This helps your bottom line at the end of the fiscal year
Of course, not every business has the same transportation needs. If you will be making deliveries, the Ford Transit is a very good and very popular option with good safety features, great mileage, and easy insurability. If you need a bigger vehicle for your deliveries, we have several trucks and full-size vans or SUVs available. If you just need to go to appointments, a small compact vehicle will give you the best mileage and lowest maintenance costs.
If you are in the market for a used vehicle for your new business, contact us today for financing information.