1300 946 025
When running a trade business, it’s easy to focus on the obvious costs, like the purchase price of your vehicle. But what many tradies overlook are the ongoing costs that come with keeping that vehicle on the road. From insurance to maintenance and depreciation, these costs can quickly add up.
At Tradiespec, we know that keeping your expenses in check is vital to running a successful business, and that’s why we’re here to help you lower your vehicle running costs with our flexible rental services.
Breaking Down The Costs
To help you get a better idea of running costs, let’s take a look at the 2024 Next Gen Ford Ranger, a popular choice for tradies across Australia. The purchase price of this vehicle is around $49,240, but that’s just the beginning of the expenses. Here’s an estimated breakdown of the ongoing monthly costs:
- Registration: $90 per month
- CTP Insurance: $70 per month
- Comprehensive Insurance: $250 per month
- Servicing: $75 per month
- Tyres: $30 per month
- General Maintenance: $10 per month
- Depreciation: $820 per month
In total, these running costs add up to $1,345 per month. Now, if you’re working a 40-hour week, this means that your vehicle costs you $8.45 per hour.
The Hidden Cost Of Purchasing A Vehicle Outright
It’s easy to see how these ongoing costs can start to eat into your profits, especially if you’re not factoring them into your quotes. While some expenses like insurance and servicing are unavoidable, there are ways to reduce these costs and boost your bottom line.
At Tradiespec, we understand the financial pressures tradies face, and we’re here to provide solutions that can help you cut down on these expenses.
How Our Rental Services Can Help You Save
We’re committed to providing tradies with reliable work vehicles so that they don’t miss a day of work. Our rental options have several benefits that can help you save in meaningful ways:
- Flexible Rental Contracts: Instead of purchasing a brand-new vehicle and dealing with hefty upfront costs, we offer rental solutions that provide you with high-quality utes, vans, and trucks. Renting helps you avoid large depreciation costs and gives you the freedom to upgrade when needed, keeping your vehicle expenses predictable.
- Comprehensive Packages: Tradiespec’s vehicles come with maintenance, insurance and servicing included in the weekly payments, ensuring you’re never hit with unexpected upkeep costs.
- Customised Rent-to-Own Plans: For tradies looking to own their vehicle eventually, our rent-to-own options offer the freedom you need while keeping running costs manageable. You can pay off your vehicle over time while spreading out the financial burden, allowing you to reinvest savings back into your business.
Take Control Of Your Vehicle Costs With Tradiespec
Understanding the true cost of running your vehicle is essential for any trade business. While ongoing expenses like insurance, servicing, and depreciation are inevitable, they don’t have to drain your profits. With our flexible vehicle rental options, you can tailor your business fleet solution to suit your budget. For more information, feel free to get in touch with a member of our friendly team.
Tradiespec Expert
At Tradiespec, our mission is to help tradies across Australia with insights and advice to drive your business forward. Whether it’s tips on vehicle selection, how to manage your fleet or insurance information, we’ve got you covered.
