We all want to have a nice car for our business because it is an extension of our brand.
Most of us spend quite a bit of time in our cars conducting business, delivering product (if you’re in direct sales), driving to meetings, running errands and handling family appointments. So our cars can wear down over time. We can continue to pour money into repairs or opt for a new one.
This was a decision my husband and I was faced with a year ago, when we owned our 2005 Volkswagen Jetta. I really liked that car, but I didn’t want to spend all my earnings into car repairs.
Working with my client University Motor Company, I was reminded that there are ways save money when purchasing a new car. This post is sponsored by them. I’ll include examples of what I’ve learned along with tips from their sales staff.
Five Ways to Save Money on a New Car For Your Business
1. Consider your car-buying budget. Knowing what you can and are willing to spend will help you stay in your ‘financial lane’. However, if you make a decision purely on emotion, you are likely to spend more than you can afford.
2. What add-ons do you really need? Add-ons can add up and push you over your budget. Decide before going into the dealership, what you REALLY need to have in a car. Will you use the car mostly for business? Then having wi-fi or bluetooth features might be important since you will be conducting business mostly from your car. However, consider if you really need that sunroom and all leather interior.
3. It’s ok to compare and shop online. You most likely know the major dealerships in your area. Consider researching the local used car dealerships in your area as well. Doing your research and letting them know that you have done your research will help you in the car buying process.
For example, University Motor Company located in Columbia, SC offers nice used car options and uses CarFax for vehicle history reports. They sell a variety of pre-owned vehicles that range from high end cars like the Mercedes-Benz E-class to enthusiast cars such as the Jeep Wrangler.
University Motor Company lists their cars and prices online. You can even schedule a test drive before going to the dealership.
4. Check for rebates, cash-back programs and low interest rates. The car company offers them as an incentive to buy. Use this to your advantage to help you save money.
5. Know what your insurance premiums look like. This process might be a little tedious, but you will be happy knowing what the ‘extra’ costs of purchasing your vehicle are.
6. Decide if you want to trade in your car. You can research the value of your car by visiting CarFax.com or the Kelley Blue Book website. We decided to sell our Volkswagen Jetta online to a VW enthusiast.
No matter what you decide, understand that you don’t have to feel rushed during the process. At the end of the day, you know what your needs are for a car for your business, family and self.
** This post is sponsored by University Motor Company. University Motor Company located in Columbia, SC offers nice used car options and uses CarFax for vehicle history reports. They sell a variety of pre-owned vehicles that range from high end cars like the Mercedes-Benz E-class to enthusiast cars such as the Jeep Wrangler. This post is sponsored by University Motor Company.