October 22nd, 2015
Whether a start-up business or a national organisation, keeping costs down and maximising efficiency are essential driving forces for success. However, many companies are not fully aware of the cost benefits and advantages of leasing vehicles as opposed to purchasing them. Equally, business owners using their personal car, or allowing their employees to use their own vehicles for work purposes, may be missing out on the minimised costs and other numerous benefits of contract hire and exposing themselves to duty of care risks.
We thought it would be helpful to share some more information on leasing so that you can decide on the best option for your business motoring.
Vehicle leasing gives businesses the opportunity to rent a company vehicle through fixed monthly payments, for a period of time, this can be set or flexible depending in the business needs. Rental can be permitted for a single vehicle user to a fleet of multiple vehicles for larger companies, and can include maintenance and services. At the end of a lease contract, businesses return the company vehicles and can take out another contract for new vehicles if required.
The long-term expenses of business vehicle leasing are cheaper than ownership because, provided that a vehicle is used solely for business purposes, there are tax advantages. Even employees using a salary sacrifice scheme can take advantage of the VAT benefits of vehicle rental. If you are a business owner, the costs and time spent running and replacing purchased vehicles will be reduced through contract hire, as this can be managed for you. Over time purchased vehicles will also depreciate in value. It’s therefore a wiser tactic to lower expenses and cut down time with a managed vehicle leasing service, leaving you to concentrate on the overall running of your business operations.
As well as the cost associated benefits of vehicle leasing for businesses, there are a number of additional advantages:
What Can GKL Offer Your Business?
As a well-established vehicle leasing company, we have built up the knowledge, experience and reliable range of vehicles to meet your exact business needs. GKL not only offer finance solutions for businesses at any stage, we manage our customers’ vehicles for optimal use and business efficiency. From new business leasing and eco performance vehicles to fleet leasing and management, there are many reasons why GKL is known nationwide as a leading provider of vehicle business leasing services:
If you’re interested in vehicle leasing for your business and would like to find out more about our range of services, book your free consultation or contact us on 01246 572180.