A company van is part of the assets of your company and should be treated as one. But as assets tend to depreciate over time, you need to be able to maintain the condition of your van in order to preserve its value. The following smart suggestions will help you maintain the value of your company van. Should you decide to sell in the future, you will get a good deal for your vehicle.
- Park right
Cosmetic damage can significantly reduce the value of your company van especially if untreated dents begin to rust. You don’t want to forced to spend money if you want to maintain its value. If you park your company van on the streets, careless drivers can cause scratches and dents on the bodywork. This will not help the value of your van, and will also affect the image of your business.
To avoid scratches and dents, make sure your company van is properly parked, preferably in a garage, or where it is not accessible to passing cars. Asides from helping you avoid damage, parking properly in a garage may help you secure better lease deals in the future.
- Stick to your maintenance schedule
Regularly maintaining your vehicle is another one to preserve its value in the long term. When you fail to stick to a recommended maintenance schedule, you run the risk of damaging your van and spending huge sums of money in future repairs.
Apart from preserving the value of your van, regular maintenance will help it to run better and last longer. If you plan to sell off your company van in the future, it is a good idea to keep a record of your van’s maintenance, as a full service history will help influence a buyer’s decision.
- Insure your company van
When you insure your company van, you are securing it against anything that can go wrong, such as vehicle theft, accidents, a roadside breakdown, and a host of other issues, but in addition to all of these, insuring your van protects your business.
Potential buyers usually consider some factors when buying used vehicles, such as your maintenance routine, vehicle mileage, driving history, and insurance. How all these factors rank up will play a huge role in how much you can sell your used company van.
- Fix mechanical issues immediately
Whether you use your company van regularly or once in a while, you will begin to notice signs of use after a while. Engine noises, undercarriage noises, and driving problems are clear signs that your van needs expert attention, and ignoring these signs is the fastest way to damage your van permanently.
Tell the driver to pay close attention to the sounds that come from the engine, undercarriage, and even interior of your company van. This way, you can preserve the value of your van, and make it last longer for company use.
- Hire a good driver
No matter how well you maintain your van, if you hire an inexperienced or careless driver, it may not do much for the its long-term value.
A well-trained driver knows how to maintain a vehicle properly, what common issues to look out for, and how to avoid things that can damage the van. So, before handing over your company van to a driver, be sure that the individual meets the accepted requirements for driving company vehicles.
Hopefully, the five suggestions above will help you get started with preserving the value of your company van. Remember always to follow the suggestions and recommendations of your van manufacturer, as they know best how to preserve and improve the value of their product.