Big business on a budget: Why you should consider leasing

Saving money is always a good idea, no matter how well your business is doing and one of the easiest ways to keep cash in your pocket is to lease the vehicles your employees need to make deliveries up and down the country.

Sometimes it makes more sense to lease, especially if you don’t have the money up front to buy brand new, top spec vans that your clients will be expecting you to turn up in. Leasing a vehicle allows you to get your hands on high quality vans and cars that offer reputability for your business and reliability for your workforce.

While leasing means you don’t own the vehicle at the end of the repayments, you also don’t own a depreciating asset. This allows you the opportunity to have a new vehicle every 2-years without worrying about depreciation and working out when the right time to sell is. There is also a benefit to having new vehicles such as parking sensors, 360 cameras and other new technologies.

Leasing offers you the flexibility of refreshing your fleet at the end of a term and choosing vehicles that meet your needs. Perhaps your business has grown substantially and you need bigger vans, however you are aware of tighter months in the near future; it might be a better idea to lease these vehicles instead of paying out a huge amount up front and knowing that you are able to return them for something smaller when your term is over.

The opportunity to lease a vehicle is an attractive one in the face of uncertainty, and as the country contemplates the potential for gloomier times financially it might be the best option on the table for some companies.

Leasing makes better financial sense compared to owning for businesses, as it offers a way of paying for vehicles on a fixed monthly basis allowing you to forecast your finances. You can also take maintenance which spreads the costs of services and things like tyres over the term of the contract. This is usually discounted compared to buying services which keeps the accountant happy and allows you to drive with peace of mind that should something go wrong you don’t necessarily have to foot the bill.

Ultimately, you should consider leasing if you do not see a vehicle fleet as an investment opportunity and want a flexible option that allows you to enjoy all the benefits of a brand new van with minimal costs.