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How Business Owners Can Benefit From Leasing An Electric Car

There are many advantages to owning an electric vehicle as a business owner. While flying cars are yet to be invented and self-driving models are a little way off from seeping into the mainstream, one kind of vehicle surges in popularity for commercial and domestic use – electric cars.

It may make financial sense to lease one as a business owner, as it will be better for the environment.

If you’re always on the go driving to meetings and conferences, it may be time to reconsider what vehicle you use to get from A to B. Here are some of the advantages business owners can gain from buying or leasing an electric car.

Better For the Environment

Whatever kind of company you run, business owners are always looking at ways to make their organisation eco-friendlier. The great thing about electric cars is they’re cleaner, better, and kinder to the environment, especially when compared to their diesel-powered or petrol counterparts. The reason for this is simple.

Electric cars are usually powered by a lithium-ion battery charged by electricity instead of a combustion engine that runs on fossil fuels. If you’re looking at ways to reduce your carbon footprint, opting for an electric vehicle may be the answer.

Costs Less to Maintain

Unlike petrol-powered vehicles, electric cars are much more cost-efficient to maintain. Lithium-ion battery motors require no oil changes or component replacements. What’s more, they won’t have the typical wear and tear that a combustion engine may accumulate over its lifetime. The battery of an electric vehicle does all the work, making it cheaper to maintain overall.

You can get more information on electric cars from lvelectrix.co.uk. They have a quiz you can take to figure out if you’re ready to go electric and electric car lease deals if you’d prefer to lease one for a long period.

Extremely Quiet

Combustion engines that make diesel or petrol-powered vehicles can be far noisier than their electric alternatives. Because electric vehicles are powered by electricity entirely, they don’t require a combustion process.

This significantly lowers the level of sound emitted by the car. In general, the only noises an electric vehicle makes occur when the wheels make noises or if you are going around a tight corner.

Enjoy Free Parking

For business owners who are always going on business trips, you’ll understand the nightmare of trying to find a parking space. Whether you’re off to the capital or another major city, one huge advantage of electric cars is that you can benefit from free parking in some areas.

There are prioritised, free parking bays for electric cars throughout the UK. There are charging points too, meaning you can top up while you are on the go.

Futureproof

With electric vehicles becoming more widely adopted, getting in there early and leasing or buying one now will put you ahead of the game. Electric vehicle charging stations are growing in the UK year on year. And with no signs of slowing down, now may be the perfect moment to score one yourself.

Over the last decade, UK roads have seen a surge in electric cars. With more and more business heads jumping on the bandwagon, going down the eco-friendly route and opting for an electric vehicle can benefit you more than you thought possible.

4 Tips For Starting a Successful Motor Trade Business

While the motor trade industry can be very competitive, it is also a very lucrative one. Running a successful motor trade business requires that you have a full understanding of the market and are ready to do a lot of research.

To help you get started and be successful, here are some important tips to keep in mind.

Consider Working for Another Trader First

While it is tempting to want to get started with your business as soon as you can, it is always better to gain some experience before you jump in. This is especially true if you have not been involved in this type of business before. Working for another trader will help you gain the necessary skills you need, help you understand the market, and can even be your opportunity to gather data about the local car market.

Do Your Research

Before you do anything like trying to get funding, it is important to do thorough market research. You will need to know which types of cars are popular in the area where you would like the business located. You can also look at the demographics of the area to have a better idea of the type of inventory to get started with.

Next, use additional details to get a better understanding of the vehicle registration details, export and import reports, as well as market forecasts. Another great source of data is your competition. If there are motor trade businesses nearby, walk into their showrooms and try to find out which types of cars they sell most often.

Deal With the Administrative Tasks

There are a lot of administrative tasks you need to handle before you start the business. These include things like writing a business plan, getting the necessary funding, applying for licences and permits, finding the right and secure premises, deciding on and registering your business structure, and setting up the software you need for the business.

You will also need to start thinking about marketing and establishing a social media presence, as both of these are crucial in this competitive business.

Get The Right Insurance

When running a car dealership, when selling used cars or providing trade-in services, you will need insurance. Motor trade insurance is crucial for businesses where employees handle or drive cars that do not belong to them. The best motor trade insurance policies are actually various insurance policies combined into one. These include road risk insurance for the customers’ and business’ cars, liability insurance, employer’s liability as well as product and public liability.

Because every business is different, you will likely need motor trade insurance tailored to your specific circumstances and business structure. Comparison sites like Quotezone make it easy to compare motor trade insurance quotes so you can find the right insurance quickly. This allows you to compare dozens of deals from different providers so you can find quotes that suit your business best while saving both time and money.

Starting a motor trade business can seem challenging and even intimidating for some, but it does not have to be so. Most of what you need to do to be successful will be similar to what you would do if you were starting another type of business, only that this is a motor trade business.