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Expanding your fleet when running a transportation company can help improve delivery services by offering increased capacity and efficiency. It can allow you to negotiate deals with suppliers and optimize operational costs. Bulk purchases and long-term contracts become more viable, leading to cost savings on fuel, maintenance, and spare parts. The improved efficiency enhances your bottom line and allows your business to position itself at a more competitive price point compared to competitors. However, having success in fleet expansion relies heavily on planning and management.
When purchasing your next commercial auto vehicle, you must ensure the choice aligns with your business needs. Ultimately, making the right decision can help drive your business forward. It can help you meet your clients’ needs better, respond to a growing demand, and perform services more effectively.
The Checklist You Need To Know Before Making a Purchase
Vehicle History
Always ask for a comprehensive vehicle history report before purchasing a new commercial auto vehicle. The report should detail accidents, title issues, and previous ownership. It may also reveal any red flags that could give you better insight into the vehicle’s physical standing and longevity.
Maintenance Records
Take a moment to review the vehicle’s maintenance records to find out more information about the vehicle’s service history. A regular maintenance report can serve as a sign of responsible ownership. It can indicate the vehicle’s reliability.
Mileage
A vehicle’s mileage can be a sign of its physical condition. The mileage can impact its wear and tear. A lower mileage can suggest less overall stress on the vehicle.
Tire Condition
Tire condition, including tread depth and overall wear and tear, can also be important. The price of tires can be costly, so purchasing a vehicle that already has tires in good condition can save you money.
Frame and Body
Look over the vehicle’s frame and body for signs of rust, corrosion, or damage. It can compromise the vehicle’s structural integrity.
Electrical System
Inspect the vehicle’s electrical system by testing it out. This includes the lights, signals, and the entertainment system.
Interior
Look inside the car and carefully examine the interior for signs of wear and tear. Also, look for damage and cleanliness. A well-maintained vehicle interior can also serve as an indicator of the overall care that a vehicle has received.
Fuel Efficiency
Assess the vehicle’s fuel efficiency to determine its operating cost over time. Choose a vehicle that balances power and fuel economy for your specific needs.
Load Capacity
Consider the size and weight of the cargo that you normally transport when determining the vehicle’s load capacity. You have to make sure the vehicle can meet your business requirements.
Price Comparisons
Compare prices of similar vehicles that have the same features, mileage, and condition. This will help with determining whether the price is fair.
Make Adequate Insurance Part of Your Checklist
Safeguarding your investment goes beyond the inspection checklist. To fully protect your commercial vehicle and your business, it’s equally crucial to secure proper insurance coverage. This shields you from financial setbacks and ensures you can operate smoothly in the face of unexpected challenges.
Biscayne Risk & Insurance Group offers Business Auto Insurance to help you cover your commercial vehicles. Our protections include liability insurance, collision insurance, comprehensive insurance, uninsured motorists coverage, underinsured motorist coverage, and more. Please contact us to learn more about our coverage options. We’ll offer you a tailored insurance plan to protect your company.