Vehicle-related dilemmas for small businesses

FOR business owners today — both large and small — having cars, vans and trucks is recognized as a necessity. However, so many questions arise and the choice of which is better —should you own or rent a vehicle for business use? Is your vehicle fleet growing in size and finding resources internally is challenging? Dealing with LTO (Land Transportation Office)-related concerns, insurance coverage and even scheduling downtime for preventive maintenance?

These are considerations that are typically viewed as noncore activities for most businesses and more so for MSMEs (micro, small, medium enterprises) on a tight budget. The dilemma is genuine considering the myriad of choices available and need to be compliant in the event of an accident. More so as the reputation of your business can also be at stake.