Like any other piece of equipment, a vehicle is a major investment for your contracting business. Although there are many circumstances in which you might just use your own for travel to the job site, there are other ways that buying a vehicle for your company may make a lot of sense. Here are a few things to keep in mind.
Equipment and Material Storage
For many small business owners in construction, it’s not possible to do everything and leave all the equipment at the job site. You may have tools that belong to your business that you need to take with you at the end of the day. In addition, you may be on the hook to deliver certain materials to the site. If your personal vehicle does not allow you the space, you may need to consider buying a vehicle specifically to hold this equipment and materials. Fortunately, this approach also gives you a convenient and portable place to store them. That way, they are always ready to go when you are.
Carpooling Capability
As a contracting business owner, you might work by yourself or with a handful of employees. When you’re commuting to a job site that is some distance away, you have to decide if you will ask people to take their own vehicles or find a way to carpool. Many vehicles meant for construction have space for multiple passengers, which would make carpooling a possibility. If you’re trying to cut costs on commuting, or if you have limits on the number of cars you can bring to the job site, the ability to carpool may solve a lot of problems.
Brand Development
One of the best ways to get your name out there as a contracting business is to literally get your name out there. You can post advertisements in a variety of places, but you can also use a construction vehicle as part of your brand development plan. Few people would deck out a personal vehicle with their contracting business name and logo on the side. But it’s commonplace to do that with a business vehicle. If you’re trying to get attention in specific neighborhoods or communities, it could be a good way to generate familiarity with your business.
Improved Driving in Difficult Conditions
California features a variety of weather conditions that can make driving difficult, like floods, snowstorms, or wildfires. While you might not be willing or able to invest funds to buy a personal vehicle that can handle these conditions, that’s not necessarily the case for your business. If you need to commute to locations that might be difficult to access at certain times of the year, having a vehicle with better control might be a matter of safety as well. Even if you just have a lot of freeway driving, something with better mileage may prove to be a great business investment.
Less Wear and Tear on Your Personal Vehicle
Ultimately, when evaluating a major purchase for your contracting business, it’s worth considering how you pay for the alternatives. If you don’t buy a construction vehicle, then you’re probably going to be using your own. That might not be a big problem if you’re only commuting a few miles each way and not using the vehicle for actual work. On the other hand, if you are driving up to 150 miles a day five days a week to various client sites, you’ll notice that mileage on your vehicle. You’ll pay more for gasoline, but also for oil changes and tire replacement. Having a dedicated vehicle for your business can keep those expenses tied to your company, not your personal finances.
When you run a contracting business, you’ll have to make lots of decisions, like whether to buy a business vehicle. If you’re ready to get started on your construction career, visit CSLS today!