Business

Investing in Commercial Vehicles for Your Small Business

With the recent surge in e-commerce sales, there are now significantly more light commercial vehicles on the road. As a successful small business owner, you might be thinking about investing in vehicles for your company. Whether you are purchasing a single company car or buying vehicles for a construction business, keeping up with the maintenance of your commercial vehicles and protecting your drivers while they are working is essential.  

Protecting Your Drivers on the Road

Despite having the highest number of truck accidents each year, Texas is looking at introducing new state legislation that could help large trucking companies avoid accountability when their vehicles are involved in accidents. Serving highly populated towns with growing industry, a McAllen lawyer is aware of the high risk of road accidents due to so many more vehicles on the road. This is just one of the reasons why it is vital to take out comprehensive insurance for your vehicles, and help your drivers access legal support in the event of an accident that isn’t their fault.

Preventative Maintenance for Your Fleet

When one of your vehicles is out of use it can cost you time and money, causing late deliveries, lost sales or unnecessary downtime on site. By implementing a preventative maintenance schedule, you can proactively avoid major breakdowns and ensure your vehicles stay roadworthy.  Regular maintenance checks based on mileage or amount of time on the road will highlight potential problems such as worn tyres or clogged filters which can then be dealt with promptly before they go on to cause more serious issues.

Claiming Tax Benefits For Commercial Vehicles

Whether you own just one company car or a whole fleet of delivery vans, you can save money with tax benefits on your commercial vehicles. The deductions you can claim include the amount of depreciation incurred, the cost of vehicle maintenance and everyday running expenses such as gas.  Even the interest on a loan for purchasing a vehicle can be counted as necessary expenses, although a large part of the cost of a new car or truck can be deducted in its first year of use, as long as you are driving it for largely business purposes.

Generous tax benefits can make purchasing a company car an attractive option. However, it is important that you ensure any commercial vehicles you own are roadworthy and that your employees are protected in the event of an accident.