Would it shock you to know that only 17% of people commute by car?!?! It does us.
Sure in part it’s a tribute to how popular commuting by motorbike, bike, train, etc. And of course, working from home has become very popular. But cars transporting workers to jobs is only one way in which cars are involved in business.
Another way to view vehicles and business is when they transport goods to consumers, delivery vehicles, or transporting people to do business away from the office. An example of the latter would be if your business involves visiting people in their own homes as a tradesman or salesperson.
There are also company owned vehicles which could be delivery vans, or work trucks, etc. but are also the company car. This is a sign of status; and an employee is advancing in the world. Companies can treat the car as an expense and write off many of the costs. (We should pointed out that only business use can be included as an expense, so you can’t get money back on ferrying your children around, visiting friends or relatives, popping down the looking store and so on.)
For some hypocritical reason, even though an employer can write off these vehicles an employee who uses there vehicle to get to and from work cannot. Employers can, in some instances, write off more than just the lease cost. In the case of a work truck, the cost of the insurance can also be deducted.
Many businesses chose to lease a vehicle instead of owing it. It’s not recommended you do this if you are in the taxi business however, LOL. The good thing about leasing it that you pay the current market value for leasing rather than having a car which value depreciates the minute it is bought. You also don’t need to worry about down payments for the vehicle and worrying out whether all your cars are insured properly, you can let a third party handle that.
Despite the amount of people employed in the virtual world it seems that the link to the car and being able to visit your client or your contact won’t get away and if they are located nearby, why wouldn’t you?
There are still two types of vehicle in business.
The first is a vehicle that’s been wrapped in advertising. Many companies, and small business, are seeing their vehicles as a moving billboard and double dipping. Not only can they transport employees and good to market, they can increase brand awareness.
But the last and most interesting way to combined cars and business is the mobile office!
Business professionals are spending more and more time in their vehicles. In large cities this could mean hiring a driving service, which leaves hands and eyes free for checking emails or scheduling appointments, etc. In most of the less urban areas this looks like portable office equipment.
Here are some examples of the required equipment if you’re interested in taking your business mobile. Of course, you’ll need a laptop and cell phone. But there’s a couple more handy items that may not have leapt to mind.