Business Car Rental Advice – Things to Consider

The cost of buying and running a car these days can be extremely high. That’s why many businesses, especially start-ups, opt for the rental avenue instead. However, before you rush into business car rentals, it’s worth doing your homework.

While there are many advantages to renting out a business car, there are also a few downsides you need to consider. Below you’ll discover the best advice to follow when looking into business car rentals.

Consider the initial payment

Renting a business car through your business can bring numerous benefits, but if you’re s start-up it may not be the best move. That’s because start-up business car rentals will have different terms to those of an established business. There will likely be an increased initial payment you need to make and you may need to provide bank statements and audited accounts before you’re accepted.

If you do manage to get a good deal however and you’re VAT registered, it would provide a few benefits. In some cases, start-up businesses could benefit more from leasing a car personally, rather than via their business.

Add up the total costs and be aware of tax exemptions

Renting a car is no doubt more affordable than buying one outright, but you do need to factor in all costs before choosing the right model for your business. As well as the initial payment, you should also consider the following when deciding whether you can afford it:

• Monthly repayments
• Cost of running

Obviously you need to know how much it’s going to cost you to keep the car on the road. It’s also worth looking at investing in comprehensive insurance if you’re going to be driving the car for business quite frequently.

How it will affect your tax is also something you’re going to need to look into. You can find out more about the expenses and benefits of company cars on the government website.

Make sure you’re renting from a reliable company

Cost is important, but so is reliability. It’s vital you’re renting from a company you can trust such as Shelbourne. The car you use for your business is often vital to your earnings. If you rely upon using it to operate parts of your company, such as delivering items to customers and clients, then you need to know if there’s a problem, it will be sorted out quickly.

Overall, you should never rush into renting a business car. Always do as much research as possible into the costs, the best models to fit your business and ensure you’re renting from a trustworthy company.