As a business owner, you have a number of things on your plate that you have to consider at all times. Depending on the type of business you operate, chartering vehicles may be something you may want to look into doing. There are all kinds of benefits in taking this route, as we will discover. The process begins by finding reputable and established truck sales that offer the kind of services you need like those from Charter Trucks.
Go with a Company that is Reputable
Before making any sort of purchase, you want to make sure that you are using a reputable charter truck company. Preferably you want it to be a company that has been around for a while, has access to all kinds of vehicles, and offers a guarantee on the trucks they sell. You are basically protecting your investment by taking these extra steps and looking into the company you want to do business with.
If you are buying from out of state, this is even more important as you will need to trust the company is offering you the best vehicle for your needs and inspecting it for you. You may want to ask if there is a warranty available. This gives you added peace of mind and may make the difference between buying a truck and passing on it.
Take Advantage of the Business Expense
A big reason that people opt to charter vehicles is that it can then be used as a business expense. Of course this means the vehicle is being used for business purposes. It’s more than just the purchase of the truck though, depending on where you live and the tax laws, you can also write off such things as insurance, fuel, toll charges, repairs and maintenance of the vehicle, any registration fees, parking fees, and more.
Typically there is a maximum expense you can claim per year, which is something your accountant can help you with. Once you factor in all these claims however, it often makes good sense to charter vehicles.
Help Establish Your Brand
Another big factor in chartering vehicles is that it can actually help you establish and grow your brand. If you’ve got a fleet or even just a couple of charter vehicles on the road, you are basically advertising for your company at all times. It helps to give you company visibility, credibility, and makes you look professional.
You Are in Charge of Maintenance and Repairs
If your company can’t afford to be off the road for any given amount of time, owning charter vehicles puts you in charge of the repairs and maintenance. You can set up a proper maintenance schedule and ensure that it is followed. This will limit the amount of time you have vehicles off the road due to unexpected problems.
In the end, there are a number of great benefits in chartering vehicles for your company, and is certainly well worth looking into. Speak to your accountant and financial planner to determine if this is the right route for you.