Most hotels are located near airports and hence a lot of air travelers will be showing up at your hotel for overnight stays. You will also have tourists visit your hotel for tour and sightseeing purposes. To make sure your hotel attracts the most number of customers and keep your rooms always occupied. It is important you make it easier for customers to visit your hotel. Think about it, your hotel does not always have to be in the immediate vicinity of an airport. Your hotel may be located 5 to 10 miles away from the airport. If you wait for the customers to arrange their own transport and visit you, that's not going to happen. An air traveler will hire a taxi the moment he or she steps out of the airport and ride up to the nearest hotel for easy and cheap accommodation. There is a lot of competition between hotels to accommodate air travelers and foreign tourists. You need to be smart and think out of the box to get these high paying customers to walk into your hotel. Even if your hotel is located a mere 1 mile from the airport you still need to arrange transportation for your guests. This will help them arrive and leave your hotel in style and luxury. The problem is how do you transport soo many visitors to and from the airport. A taxi will neither be sufficient nor efficient. Since airlines have fixed arrival and departure timings. You will have to pick up and drop visitors in groups and not individually. The most ideal vehicle to ferry a group of people is a minibus. A minibus sometimes called as a short bus or small bus is bigger than a taxi and smaller than a full-sized coach bus. Minibusses for sale can easily accommodate up to 15 passengers which include the driver. Many of them are also equipped with wheelchair lifts for elderly passengers. You can buy a short bus for sale and provide fixed transportation to and from the hotel according to the arrival and departure times of various airlines. Always make sure your guests reach the airport one hour before departure time. Hence your short bus will have to leave the hotel 90 or 120 minutes before the departure time of various airlines. However, your minibus should be waiting outside the airport the moment an airplane arrives at the terminal. This will make sure you get the most number of customers to fill all the rooms in your hotel. This minibus will not only bring more foreign visitors to your hotel but will also open new sources of revenue for your business. For example, when your bus is not in use you can network with popular banquet halls, wedding planners or tour companies and ask them if they need help transporting groups of several people together. You can get in touch with various churches in your vicinity and offer weekly church bus service. You will be surprised at the positive response and the demand for group traveling solution providers.
However, you need a bus to start the bus service. Buying a brand new bus can be extremely expensive and most hotels do not have the budget to buy them. Hence you need to look for used buses for sale. Used buses for sale are cheaper than new buses. Many times you can buy two used buses for sale for the price of a single new bus. The price for 15 passenger used buses for sale can range from $15,000 to $25,000 depending on the vehicle's age, mileage and size. The bigger the bus, the costlier it will be. Keep in mind as a thumb rule that these buses have electrical and mechanical defects. These used buses for sale have been in use for several years and clocked thousands of miles. They have gone through a lot of wear and tear internally and externally. Hundreds of people have used these buses and treated them according to their own comfort. Rust is a very big problem with used buses for sale. Rust only grows and cannot be controlled. If the used bus for sale you are looking for has rust in critical parts of its body like engine mounts and body frame, then look somewhere else. Every used bus for sale will have some sort of superficial rust on it. When inspecting used buses always look from the bottom up. But you will never be able to determine the exact condition of a used bus by yourself. Just because the bus is a few years old and has not been used frequently does not mean the bus is good. Always get a trusted mechanic or technician to inspect the bus for you. If you don't have a trusted technician then hire third-party inspecting companies to give you a detailed report on the condition of the bus. Listen to their advice carefully and follow their instructions. Do not let your immediate need for a used bus cloud your decision-making process. In the long-term, this will cost you thousands of dollars in unexpected repairs. Similarly, go for used buses for sale that has popular models like ford and Chevrolet. The spare parts for these model buses are easy to source. It is not unusual to sell your bus due to the lack of availability of spare parts.
Of course, you need deep pockets to buy a bus. But if you don't have the cash then you can get yourself financed either by the dealership or by third-party financing companies. There are a lot of financing options available when buying used buses for sale. You need to consider whether leasing or outright purchasing is good for you. In general, there are 7 types of financing options available each with its own merits and advantages. Choosing the right financing option depends on how you plan to use the bus and for how long? And what will happen when you replace the bus and your budget for monthly payments?
1. Traditional Loan Finance: Most small businesses opt for traditional loan finance because they will be the rightful owners of the vehicle immediately when the loan is paid off. Accounting and long-term planning is easier and simpler with this type of loan. Some of the benefits include sales-tax being billed at the time of purchase, you own the bus and keep the benefits of depreciation, the purchase of the bus will reflect on your financial statements. This loan is good for senior centers, charter bus operators, schools, childcare organizations, etc.
2. Balloon loan finance: A balloon loan is similar to a traditional loan but offers lower payments because the purchase is not fully written off over the loan period. This leaves the final "balloon payment" due at the end which can be up to 40% of the cost of the vehicle. If you have difficulty in paying the final balloon payment then you can easily get it financed at normal market rates.
3. Fleet Line of Credit: Businesses who want to buy more and more used buses for sale to grow the fleet depend on fleet lines of credit. This loan offers flexibility to make new purchases easily and quickly. Benefits include streamlining the funding process giving you more than sufficient time to keep your used buses running on time, easy and quick buying process, loan/lease option available for each purchase, you are already approved when you need growth.
4. Lease-Purchase: This combines fixed lower monthly payments with the guaranteed right to buy the used bus at the end of the term at a pre-determined price. Lease purchases are popular with small businesses that want to make low monthly payments and get full ownership at the end of the term. Benefits including savings by keeping the depreciation benefits, preserving one's credit line, zero down payments, sales tax is billed monthly and most of the states.
5. TRAC Lease: TRAC(Terminal Rental Adjustment Clause) lease offers the same benefits as a true lease. However, it is designed especially for used buses for sale. Special tax provisions allow for end of lease valuations. TRAC lease is popular with large businesses that function for profit-making. Benefits of TRAC lease include equipment is excluded from the balance sheet, lower rates due to depreciation benefits kept by the lessor, zero down payment, purchase the bus at agreed-upon expiration, sales tax is billed monthly in most states.
6. FMV Lease: A fair market value lease provides greater flexibility and at the same time lower monthly payments. Sometimes at the end of the lease, you can buy another used bus, or purchase the leased bus at fair market value. Benefits of FMV lease include equipment not reflecting on your balance sheet, zero down payments, sales tax billed monthly in most states, the equipment can be purchased at the lease expiration.
7. Municipality Lease: This is exempted from tax financing options and is designed to meet the special needs of local and state municipalities. This includes school districts and organizations that get exemptions from federal income taxes on the interest they pay. If one qualifies as a municipality, he can get extremely low rates due to the tax exemption offered.
If you want to buy used buses for sale then contact Major Vehicle Exchange today. They are a licensed and bonded used shuttle bus dealership with more than 35 years in the industry selling buses to esteemed clients across the USA & Canada. For more information visit their website and call owner Mr. Charles Kaufman at 516-333-7483 today!!!
