With vehicle prices continually rising and the financial value of used vehicles falling, the fiscal cost of owning a car is still increasing. It is commonly known that there is little benefit in purchasing most new cars outright; due to the depreciation of the asset; thus more and more businesses look for a better financial solution to vehicle acquisition.
What is a lease?
A lease gives you the rights to use a vehicle on pre-agreed terms, but no rights to the title. The risk remains with the finance company.
Benefits of leasing:
* Low initial rentals
* Fixed term and rental costings
* Flexible profiles
* Accurate budgeting with minimal administration
* Lower rentals (based on depreciation only)
* Minimises tax liability
* Improves cash flow
* No disposal of vehicle or risk of depreciation