Most new companies cannot afford the payments and down payment of a new limousine. In fact, most new limousine companies shouldn't even buy stretch and focus on sedan work.
Remember, in the beginning you can farm out work to other companies with the types of vehicles that are not currently in your fleet. Don't buy a new vehicle unless know you have enough work to cover all of the new expenses each vehicle brings.
Be sure to review our section on Coachbuilders to get a better understanding of how to choose the right vehicles for your new limousine business. Wheels of Gold by William J. Goerl has a great section on choosing your first vehicle.
Keep in mind; an increasing number of insurance companies are not going to insure a vehicle that is not QVM or CMC certified or over 3-5 years old.
Buying a used limousine basics:
Keep your target market in mind when choosing a vehicle
Always go with the current body style
Buy a car no older than 3 years
Do not lower your standards just because you are buying used
Buy from an established and reputable dealer
Know that prices vary due to supply & demand by geographical region
Don't be afraid to make a low offer
Look for vehicles with at least 20K miles and 12 months left on the warranty
Focus on Livery Vehicles and transfer the Lincoln 3yr/150k mile warranty
Invest the $15 on a vehicle history from www.CarFax.com
Where to find used limousines and sedans:
LCT Magazine classified section
International Limousine & Livery Trader