Why Sensible Companies Lease Their Fleet Automobiles
Whenever you lease a motor vehicle instead of buying it you avoid many of the hassles associated with vehicle ownership, because contract hire leased vehicles are usually brand new, they are covered by the manufacturers warranty and because of this you do not have to pay for any repairs or upkeep.
Money is important to any firm, why pay a crippling sum to secure motor vehicle purchase financing, when you’ll be able to lease the same motor vehicle without having to fork out such an exorbitant sum? Leasing permits any company to retain a higher proportion of its liquid assets, which means your company is left with the required vehicle and in a stronger fiscal position than if it had purchased outright.
Due to the unique billing format utilized by car leasing, whereby the charges are made up of the value lost by the vehicle throughout the lease period, you’ll be able to normally lease a top quality car at a very affordable price, in actual fact, the price difference between budget and top of the range vehicles per month is often as little as fifty pounds. Many businesses take advantage of this reality and consequently their executives drive top of the range Lexus or Mercedes motor cars, this is something that certainly looks good when the companies executives turn up to a meeting with potential clients.
Not only is vehicle leasing popular with business for the acquisition of fleet automobiles, but many workers also choose to lease a car with their given company car budget, rather than take a company owned vehicle. There’s one simple reason behind this, and that’s taxation. When an employee leases a motor vehicle with their company motor vehicle allowance, they’re completely exempt from any benefit in kind taxation. Which means the employee will get the vehicle that they need, and saves cash every month.
Many company owners presume incorrectly that by leasing a vehicle, they’ll simply have to take what is offered, the truth is nothing could possibly be farther from the truth. A good leasing company will provide the identical wide selection of options that a vehicle dealership would give you, and you will be free to pick the exact specification of your new vehicle right down to the color and engine type.
Save money on your car leasing and van leasing deals with Lease4less. Our costs are the cheapest within the UK and we offer maintenance cover as standard.