5 Steps To Buying A Commercial Vehicle
Whether you're a small business owner buying a commercial vehicle for the first time or expanding your fleet, buying the right vehicle is crucial for your success.
Here are five essential steps to help you make an informed decision and choose the best commercial van or car to help your business run more efficiently than ever before.
Step 1: Assessing Your Business Needs and Vehicle Requirements
Before delving into the process of buying a commercial vehicle, it's vital to assess your business needs. Consider the specific purpose of the commercial vehicle, taking into account factors such as payload capacity, size, and potential use cases. This is essential before you begin looking at which commercial vehicle to buy because it ensures you only select one that aligns with your precise requirements and helps us to recommend the best options for you.
Step 2: Setting a Realistic Budget for Your Commercial Vehicle
Establishing a realistic budget is also paramount. Take into account not only the initial cost of the vehicle but also long-term expenses like fuel, insurance, and maintenance. Thoroughly evaluate your financial capabilities and allocate funds accordingly, ensuring you can comfortably afford the vehicle and associated costs without straining your business finances.
Step 3: Researching and Comparing Commercial Vehicle Options
Thorough research is essential in finding the perfect commercial vehicle, and our Ford experts will be happy to help you look into the options available. Whether you visit our Ford Transit Centre in Worthing or give us a call to chat, we can help you compare specifications to narrow down your options and discover a vehicle that precisely fits your business needs and preferences.
Step 4: Arranging Financing and Exploring Payment Options
Because many businesses rely on financing to fund their commercial needs, we offer a range of options for our business customers. When buying a commercial vehicle, the financing options available include Ford Contract Hire, Ford Acquire and Ford Options. Ford Credit also offers both Ford Finance Lease and a Commercial Line of Credit financing options for commercial customers, so you can find the best financial match for your business as well as the best vehicle. Click here to check out our full guide to Ford Credit and find out more about each of the options available.
Step 5: Finalising the Purchase and Ensuring Legal Compliance
Once you have chosen your new business vehicle(s), we will take care of everything you need to make it yours. If you have any questions at this point, our experienced advisors will be on hand to make sure you have everything you need so you can drive away confident with the vehicle you choose. Once you have finalised the sale/lease and any financing options that you have opted for, you will likely need to register the vehicle with the DVLA. The exception to this may be if you have opted to lease - rather than buy - a commercial vehicle. You will also need to make sure the vehicle is insured before it is used by you or anyone else in your company.
Whether it is your first time buying a commercial vehicle or not, our Ford Transit Team are on hand to help you every step of the way.
