July 10, 2016
If you own a business, then it makes sense to have a business vehicle, even if it’s your normal vehicle that you’re just using part time for work. You’ll need to keep track of things like mileage, for tax purposes. And, just like your own personal car, you’ll want to make sure you deal with upkeep on your vehicle.
Before you even shop for a business car, or a new personal car that will double for business, there are some things to keep in mind. Those things include how much you want to spend on a new (or used) vehicle, how much work you want to put into it right off the bat, and whether or not having a second vehicle just for work is something you really need.
Do you need a work vehicle? If you do, make sure that you look for the best vehicle for what you need it for, for the best price. You don’t have to purchase something brand new, you could save money with a used vehicle.
Look for a good price, maybe even try to get a discount on the vehicle of your choice. You want to make sure if you’ll be driving lots it gets good fuel economy, or if you’ll be hauling a lot of stuff it has enough cargo space.
Get Regular Maintenance
Just like your own personal vehicle, you want to make sure that you are keeping up maintenance on your work vehicle. In fact, if you’re driving that vehicle a lot more than your personal vehicle it will need to have some extra care and maintenance on it.
You want to make sure that you, and whoever else might be driving your work vehicle, is driving something safe. Plus, you don’t want to end up broken down on the side of the road when you’re trying to make a timely delivery.
When you’re getting all this work done to your work vehicle, make sure that you are saving the receipts. They could help your business get some tax breaks. That means saving your purchase receipt for the vehicle itself as well.
As far as the gas you use for work, don’t just save your receipts from the pump. Keep a diary of the miles you drive, in detail, for tax purposes. This way you’ll have an accurate record of how much you use your vehicle for work, as well, if you are having your normal family vehicle double as a work ride too.
When you’re a business owner, you need to drive places sometimes. It happens. Make sure you get a reliable vehicle for work purposes, and then take care of it. It will take a lot of the wear and tear, and stress, off your personal vehicle.