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Lease Fleet Motors and Benefit

By Wolfe Tone

Republish: EasyPublish™ Published: 26Feb2012 Word count: 602 Viewed: 52 time(s) Get Free Content For Your Site

If you lease a motor vehicle instead of buying it you avoid many of the hassles associated with motor vehicle ownership, because contract hire leased motor vehicles are normally brand new, they're covered by the manufacturers warranty and this means that you should not have to pay for any repairs or maintenance.

When an organization obtains a finance settlement to purchase a motor vehicle, the finance firm will nearly always demand a vast fee as a security deposit, this isn't required with leasing, normally you'd pay just two month-to-month lease fees upfront to get the motor vehicle you need. This means that your organization keeps more money in the bank to use for purchasing stock and marketing its merchandise, something that is very important in this economic climate.

Leasing your company cars may also mean that you would be able to drive far more luxurious cars than if you were to purchase them outright. This is because when you lease you pay only for the amount lost in devaluation within your lease interval, and as a luxurious vehicle looses its worth far slower than an inexpensive budget motor vehicle, it is normally actually cheaper to drive a top quality Lexus than it would be to drive a cheaper Toyota or Chrysler. So not only do you pay less, you also get a far better motor vehicle for your investment.

Because staff who take their company car allowance and use it to lease a vehicle are exempt from paying the same benefit in kind taxation that would apply were they to actually use a vehicle owned or provided by the company, car leasing is also extremely popular with many staff who choose to take advantage of this tax break. They usually also end up with a far better vehicle than they'd get were they to take the car on offer from the company.

When you lease a vehicle, a good leasing firm will provide you with the same list of options that you'd receive were you to actually buy the vehicle yourself. This covers the whole lot from the make and model of the motor vehicle, to the color of the bodywork, and even any optional extras that might have taken your fancy.

As for me I decided a long time ago that leasing or renting is probaly the best option to go with. Because if the car you are leasing breals down it is just a matter of bringing it back and getting another one.

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