The answer is in your cash flow.
Are you considering making a car purchase in 2014? Do you ever wonder how you can be sure that the decision you make about purchasing a new vehicle is a smart one? We want to ensure that all our clients are able to make informed decisions so they never have to experience buyer’s remorse. Here are a few tips to get you started:
New or used?
You may want to first consider if you should buy a new car or simply a new to you car. This should come down to a lot more than which car looks more flash. New vs. second-hand may well be the difference between thousands of dollars – and not just in the purchase price. Second hand vehicle purchases can offer SMBs ways to improve cash flow and the bottom line. With a new vehicle purchase, a lower up-front price will attract less market depreciation. With a used car purchase, the depreciation curve tends to flatten out over time.
Don’t fall prey to the mistaken idea that only a brand new car will be available for lease. This is absolutely not true. Similarly, quality warranties can usually be applied to most used, ex-lease or ex-demo vehicles and are freely available. You can do a lot of research yourself, or you can give us a call at Driveline. We’ll help you sort out all these details, in direct relation to your situation, with no obligation on your part.
Purchase or lease?
Leasing a second hand car is rapidly becoming an attractive alternative to buying or leasing new. Business and personal buyers are wise to examine both lease and purchase options, and should determine the true cost of their vehicle over the time they’ll have it. Consider, as well, how long you intend to maintain possession of the vehicle and the likely usage – both of these areas will impact market depreciation and should be calculated into your monthly costs. If you’re struggling to get your head around how to calculate these figures, just contact the team here at Driveline. That’s what we’re here for!
A lease is a lease… Or is it?
While mainstream leasing companies won’t finance second hand vehicles from car yards or private parties, smaller independent firms like Driveline can. Better yet, choose a SmartLeaseTM which has many specific advantages that will make the lease of a second hand vehicle seem even more attractive. Simply phone a Driveline consultant to find out more.
Driveline can make your cash flow work for you when it comes to your next vehicle purchase or lease. Let 2014 be the year you take control of your company and personal vehicles. Driveline’s expert, risk free assistance is just a phone call away.