For beginners, leasing a car is one of the best moves you could make from a marketing standpoint. The car can feature your business’ slogan or logo and, in turn, more customers and better opportunities will become available.
Depreciation Consideration: When you lease a car, you are basically renting it. Thus, you are paying for the depreciation expense, and this is why your monthly payments are going to be low. The benefit of this, besides the low payments, is that you can use the extra sum of money, which is allocated for the payment of the lease, to trade the car you hired for a better model.
Lease Term: If you establish a good relationship with the auto dealer, you stand a real chance at working out a number of favorable terms on the lease. This can mean that the terms of your lease can last one to three years, giving you the freedom you need and the opportunity to opt for a new car at the end of the lease. What is more, you will be able to negotiate the terms regarding mileage and maintenance. This works in your favor, in a big way, as it ensures that you will be in control, enabling you to ensure that you are not on the wrong side of the agreement. That is to say, you can fix the terms of the agreement to where they pay dividends immediately and in the future.
Less Cash-Flow Outlay: By opting for business vehicle leasing, you save a lot of money because you are not required to pay upfront. In most cases, a car hire can be opted for without having to put money down, but if you are required, the amount you will have to put down will be small. As for the monthly payments you will have to make, they will certainly be less than the amount you would have to pay to purchase the car.
GAP Protection: This insurance is tax deductible, depending on your policy. It covers the difference between the value of the car and the balance left on the lease. The paid amount will be less than any insurance deductible, warranty contracts or delinquent charges.