OVER the past few years, car leasing has seen a massive increase in popularity. Although there are people who are still averse to paying for something that they’ll never actually own, many are now coming around to the idea of leasing including car leasing for business thanks to the abundance of deals that are currently available.
Cars are a depreciating asset, so for a business, they seem counterproductive. You can often get yourself a much better deal in terms of monthly costs if you lease, hence leasing solely for the purpose of business becoming the standard in the UK.
However, some people may be missing out on this, whether that be due to a lack of awareness, or just a lack of knowledge on how leasing for business works. Therefore, we have put together this guide on how to lease for business, which includes some of its many advantages.
- Making sure that leasing is the right option for you
You can get some amazing deals through leasing, but that doesn’t necessarily mean that it’s the best move for absolutely everyone. Research the vehicles that you are looking for first and make sure that leasing suits you before you jump into it.
- Research the market
There are countless car leasing companies out there, so it’s important that you find the one offering the best deal for you. Don’t only think about the cars that you want, think about how many miles you’ll be doing, how long you want the lease to last, how much you’ll have to pay in company car tax, etc. Once you’ve factored all of these things into your search, you can choose the company that came out with the best deal.
- Contacting the company of your choice
Once you’ve decided who you’ll be going through, all you need to do is contact them and complete the process.
Advantages of leasing for business
- You get more for your money
If you spend the same amount monthly on a lease car as what you would on a loan for a car that you’ve bought, you’ll most likely end up with a much better vehicle. This is especially an advantage for business leases because your car is a projection of your company’s image.
- Better fuel economy
If you’re driving around in a new car every couple of years, it stands to reason that you would get better fuel economy as a result. You might reduce your carbon footprint in the process too.
- Tailorable Deals
Often, car leasing companies will be happy to alter their deals slightly to better suit your needs. If you’d like anything specific, just ask, and see what your provider has to offer.
The recent surge in car leasing has made it so that you can get almost anything.
You have companies that specialise in vans and trucks, companies that specialise in environmentally friendly vehicles, and companies that specialise in offering the most expansive collection possible to their customers, so there’s something out there for absolutely everyone.
It’s become just as simple and just as viable, if not more so, than buying a car. Therefore, it’s definitely worth at least considering leasing a car for your business.