When a company car gets old and starts showing more signs of wear than productivity, it’s time to say goodbye. After all, companies need to save money and earn more money; something old like this is only going to throw away money- far from ideal! While sure, the thought of replacing a trusted old vehicle can be bittersweet, much like parting with an old friend.
After all, that car might have ferried you to crucial meetings, important client visits, or even office celebrations. So, how should a business handle the retirement of its trusty and rusty old vehicles?
Well, for starters, don’t let this rust away in a corner of a parking lot; that’s an awful idea! There are smarter, more efficient, and eco-friendly ways to bid farewell to your business’s four-wheeled companions. Of course, none of these need to cost your business any money, either!
Just Donate and Do Good
One of the most heartwarming ways to discard old business vehicles is to donate them to charity. By all means, this one is the best choice you can do! So, there are a lot of non-profit organizations out there that accept vehicle donations and use them to fund their activities. This not only provides you with a sense of satisfaction knowing that your old car will support a good cause, but it can also come with a tax benefit.
Plus, there’s something nice about imagining your trusty old car helping others after it’s done serving your business. Just imagine the pristine reputation this will have for you, too!
Sell and Recoup
If the vehicle is still in decent condition (and usually depending on the business it usually will be), then selling it might be the best route. Honestly, it never hurts to sell your used car, and it’s actually a great idea too.
Nowadays, there are various platforms where you can list your car for sale, like online marketplaces, traditional dealerships, and even old-fashioned classified ads. But generally speaking, selling the car allows you to recoup some of the investment, which you can then put towards purchasing a new vehicle. Just understand that if your car is destroyed or in awful condition, it’ll be impossible for anyone to see it.
Trade It In
If you want to get this over with as soon as possible, look no further than this idea! So, you’ll want to consider trading in the old vehicle when purchasing a new one. Chances are pretty high that the local dealerships in your area offer trade-in programs where the value of your old car can be applied toward the cost of a new one. Plus, the dealership handles the sale of the old vehicle, saving you time and hassle.
Auction Off
Are you wanting to see what the maximum amount of profit is you can get for it? Well, this could potentially be a geat idea- potentially! Nowadays, auctions can be conducted online or in person and can sometimes fetch a higher price than selling directly. This option requires a bit more legwork in terms of preparing the vehicle and handling the auction process, but it can be a worthwhile effort (at least, it is usually).
