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Please take
a moment to consider the following
information which may help you view your hearse less as an
overhead and more as an essential component for increasing
your bottom line.
Obviously, the foremost
consideration in your mind when thinking about the
purchase of a hearse is cost. However, almost all
my clients forget to consider that their hearse is (or
should be) a source, or independent modality, for
generating income. Granted, the check you receive
from your client goes into a general operating account…
but if you were to isolate your hearse (what it costs
and what it earns), you may very well discover that this
seeming overhead actually produces a significant income. Identifying
this principle and calculating your hearses income will help
provide clarity when deciding between new and used. Additionally, it is precisely this same
premise that I strive to provide my clients information to
make an informed decision to help maximize this revenue resource.
RIGHT-click this link and "save
target as"
this handy exel tool to easily calculate what your
hearse earns
The bottom line determining a new vs. used coach is your
case load, the line item amount you charge for the coach,
and average uses per month.
Let’s say you average using
your coach ten or more times per month and charge $250.00 or
more.
In this case I recommend you consider leasing
a new coach. Not only will you generate a sizable profit,
the
new coach will be under warranty, reflect your business
admiringly and have a considerable value at lease end to
provide you with the most favorable options going forward. Historic
low interest rates are causing lease payments to be
comparative with lease payments fifteen years ago… and in
most cases the tax advantages far outweigh traditional
financing.
Click here for more lease
information.
If, on the other hand, your numbers fall below the
aforementioned; then I would certainly recommend that you
consider purchasing a used hearse in keeping with a positive
revenue stream. However, let me point out one common
scenario that is almost always overlooked. I have a lot of
clients that keep their hearse around ten years and are
looking for a good low mileage four or five year old hearse
as a replacement. It is no secret this grade hearse
typically costs $45k to $60k. So let’s say you find a
beautiful five year old hearse for $50k... In five years that
hearse will be ten years old and you will probably want
to replace it with another quality five year old hearse
which will most likely cost $55k at that time. In this
scenario you would have been far better off having purchased
a new hearse and keeping it ten years… not to mention the
warranty, serviceability and impression benefits.
As
always, I am here to understand your business and help
you to make the best informed decision in meeting your
professional vehicle needs.
I am your Eagle Coach Distributor. Eagle is not the only coach builder out there, but they are
unquestionably one of the finest values… ask anyone who owns one. The next time you are considering acquiring a
new or used coach, or just have
questions, I hope you will
consider me your first resource.
Thanks,
David
Schaffner
TRIBUTE ENTERPRISES |