Money Maker: Are You Getting The Most Value Out Of Your Work Vehicle?
Business investment is going bananas with economic stimulus at record highs for Australia in 2020 and 2021. As a sole trader or company owner, you might be thinking of taking advantage of one or more of the government incentives (like the uncapped instant asset write-off).
At the same time as jumping on opportunities while they’re hot, it’s a good idea to ask how you can really make that asset work for the business in the long run.
Simply capital, old chap
Whether it’s investment in a new piece of equipment, upgrading a facility, or yes, watering an indoor plant, if you do your due diligence, you should reap a reward. A good return (ROI) is the main objective for most investments, but it’s important to understand that simply throwing money (or water) at something does not always result in a high ROI.
When it comes to capital equipment—and in this case we’re talking vehicles— a healthy combination of effort and time in researching options and thinking creatively about the way it can bring value to the business, will help maximise that ROI.
For businesses that rely on trucks, utes or vans, efficiency is often where the highest ROI is quantified. But it’s also worth considering other aspects, including a vehicle being fit for its intended purpose, running costs, resale value and even advertising potential.
Fit-for-purpose – what does it really mean?
At its essence, when something is fit-for-purpose, it means it’s suitable and capable of getting the job done (reliably).
A mobile mechanic, a chippy, a tradie, or running your logistics empire, whatever your jam, in the context of a business requiring a road transport solution, something that will carry the necessaries every day is essential.
And this is where having a truly fit-for-purpose vehicle designed for the type of work you’re doing, will pay off best.
Capacity rules
Chief on the fit-for-purpose checklist is payload capacity and power. There are arguments for trucks over utes, utes over vans, vans over cars... you name it, there’s a point of view agreeing or disagreeing on all.
But you’ll know you’ve hit the capacity jackpot if you can tick off some of the following points:
- Can the vehicle move all your staff or equipment in one go?
- Have you eliminated the need for multiple trips to the supply depot?
- Can the vehicle handle the load comfortably and safely?
- Are you experiencing less downtime due to fewer repairs?
- Is the vehicle more economical to refuel and run?
Playtime’s over, get $3,500* to spend on extras.
If you’re ready to get serious about tackling bigger jobs, grab yourself an NLR 45-150 AMT SWB Traypack from the Ready-to-Work range for $62,990 drive away*. And to prove we aren’t playing, buy any NLR Traypack before June 30 and you’ll get $3,500* to spend on genuine accessories or an Essentials service agreement.
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