Business Vehicle Leasing – We Clarify The Advantages And Drawbacks.
How your company goes about obtaining its fleet vehicles is something that calls for careful consideration. Lets face it, buying a pool of cars is going to be costly, both in the short term, and in the long term when you think about all the maintenance costs, then there is the issue of depreciation, those cars or vans are going to be a substantial amount lees than you paid for them by the time you decide to sell them. Ofcourse there is another far more rational way of equipping your company with the vehicles it needs, Contract Hire.
Another advantage of leasing your companies fleet vehicles is the fact that as a business, you are an attractive proposition to a Car Leasing company, whereas if you were an individual you would be looking at a lease with rigid twelve-monthly mileage terms, as a business you can really expect a lot more overall flexibility, the leasing company will be far more willing to create an agreement which provides you with your estimated annual mileage requirement rather than preset and non negotiable terms due to the fact that as a customer you are far more attractive than a single person looking to lease just one car.
The type of services included in your contract agreement will fluctuate greatly, some leasing companies provide tire replacement and breakdown cover although there is normally an additional charge. If you want these services make sure that you mention this when you are arranging the contract, as well as any other requirements you have, the leasing company’s job and purpose of life is to provide you with hassle free motoring so make sure you take advantage of this fact and make certain that your agreement covers all the bases that you need it to. Most contract hire providers can even provide insurance.
The maintenance cover aspect in particular is one we should chat about in more detail as it carries an obvious benefit concerning your security, with a maintenance plan in place you need not worry about any unexpected costs related to the vehicles and are assured of trouble free motoring as far as that if there is a breakdown, you need not pay for the repair. In addition if the vehicles you are leasing are new, they will also be covered by the manufacturers guarantee.
Depreciation is another very good argument for leasing over buying fleet vehicles, where you to buy a large pool of vehicle you could be looking at loosing hundreds of thousands of pounds in depreciation over a few years, by leasing your fleet you actually avoid this pitfall.
When the time to renew our vehicle lease comes around again, you should always think very carefully about how to proceed, and indeed whether you are going to renew the leases on all the vehicles, some of the vehicles, or are going to go for a whole new fleet of brand new vehicles. Given the reality that one of the main benefits or leasing is the freedom to change your vehicle without any bother when the lease expires I would advise you to look at the last option. Why drive the same car you have had for the last two to five years, when you can now get a brand new car of your choice?
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