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.