However, when calculating costs and returns, you need to look at both direct expenses and indirect benefits. The investment consists first of all of purchase (€3000-€5000) plus additionally personalization (€500-€1500).
"The math usually adds up," Laurens states. "For example, a client of mine saved €300 a month in fuel and parking costs. Plus the marketing value - he could never get that for so little money with traditional advertising."
Important costs are first of all purchase price, in addition personalization, also annual maintenance, also insurance and possible storage. In contrast to these costs are savings in transportation, access to car-free zones, time savings and also continuous marketing value.
For proper analysis, however, look at your specific business situation. After all, a cargo bike used daily has higher ROI than occasional use.
Therefore, keep in mind a depreciation period of 3-5 years. Also, leasing arrangements can be an interesting alternative for entrepreneurs who want to spread costs.
Want to know more about financial benefits? Then read our blog on cargo bike maintenance.