Business Car Leasing is a Smart Option

On the face of competition, business houses are forced to save up and use their funds in the most efficient way that they possibly can. They have to strictly keep a check on the expenses incurred during the financial year and try to curb the expenses, as much as they can, to increase their profit margin and function comfortably. Most businesses involve a lot of travelling, which results in the heavy use of automobiles. In order to provide for transportation, business houses previously bought new vehicles, but now they have resorted to the alternative, that is, car leasing.

Why should business houses lease cars?

The leasing of a vehicle provides a number of advantages to the users, especially if it’s a company that needs to operate a fleet of vehicles.

•    Business car leasing helps the business houses to save a lot of money. It does not involve any initial financial investment and since, the vehicles will be leased out for a longer period of time, it costs less than purchasing a car.

•    The company would be required to pay low monthly charges to the leasing company.

•    Businesses use expensive cars to keep up appearances. Car leasing helps to make that possible at an affordable price.

•    The company is saved from paying income tax on every vehicle that they use.

•    The leasing company will be taking care of any major repairing, servicing or maintenance issue during the lease period.

•    The user will be provided with 24-hour road assistance in case of any mishap or accident.

 •    The business house can drive a new car with advanced technology and safety features after the end of every lease term, if they want.

•    The leasing companies provide the business houses with the option of purchasing the vehicle at the end of the lease contract, if they so deem fit, and the vehicle is sold at a very competitive price.

Business car leasing is beneficial to business houses for more than one reason. It saves money, brings variety and also allows them to evade taxes which they otherwise would have to pay in case they owned a fleet of vehicles. The money thus saved, can be utilized in something useful which will help the business to grow and prosper.

Read More

Be Wise, Lease a Car

The cost of living in UK is very steep and if you are thinking of purchasing a new car it is an added financial burden. Even if you are a wealthy person, it is not possible for you to own every new car that is manufactured, since with changing technology we have new cars being introduced virtually every day. The only economically viable option is car leasing. A lot of car leasing companies in and around UK have been offering affordable car leasing deals for you to take care of your car problems. The companies offer business contract hire deals as well as personal contract hire deals.

There are numerous benefits of leasing a car as opposed to buying one.  On buying a car, we are stuck with that one car for a really long time until the time we dispose it off. Another problem that car owners face is that cars depreciate in value as time goes by. Though there are certain things that should be considered before thinking of car leasing UK:

•    The time period covered by the lease contract.

•    The depreciation value of the vehicle you want to hire.

•    If you think of terminating the lease contract before the aforesaid time, the penalties that you would be expected to pay.

•    Kilometers covered by the particular vehicle.

Benefits of Leasing a Car :

•    The person leasing a car would be required to pay a fixed monthly payment. This will help the user to maintain a financial budget.

•    The lease contract may include all the maintenance, repair and servicing cost of the vehicle.

•    The terms of the contract can be flexible and the mileage limit is fixed according to the users need.

•    A person can drive a new car after the end of every lease contract.

•    Leasing a vehicle is cheaper as compared to purchasing one because buying a car requires a huge capital outlay and one does not have to worry about the depreciating value of the vehicle.

•    The person leasing a car can return the car after the end of the contract with no responsibility.

•    One can even extend the lease contract by 12 months if required.

•    The end of contract option also provides for the user to purchase the vehicle leased out, if so wanted.

•    For business houses, leasing a car means reduced administrative costs.

Read More