Getting the right fleet of cars from the right place
The decision to lease or rent a vehicle is an important one regardless of the reason. For some businesses, vehicle fleet leasing is a very attractive alternative to buying, and it is a respected financial concept that has long been used in business as a smart method of retaining capital. It is vital to understand the different advantages available through vehicle fleet leasing companies. Contact one of your local vehicle leasing experts now for more information, or read on below for an overview of vehicle leasing benefits when contrasted against conventional new-auto loans.
Lower Monthly Payments
Your monthly payments are 30%-60% lower than for a purchase loan of the same term.
Get Access to Better-Equipped Lease Vehicles
You get more truck for the same money, and drive a new vehicle.
Fewer Lease Maintenance Headaches
Lease for a term length that coincides with the length, in months, of the manufacturer's warranty coverage, so if something goes wrong with the vehicle, it's covered.
Low Initial Cash Outlay
Most vehicle leases require little or no down payment, which makes getting into a new vehicle more affordable and frees up your cash for other things.
Lower Tax Bite
In Canada, you don't pay sales tax on the entire value of a vehicle. The tax is spread out and paid along with your monthly lease payment.
No Used-Auto Hassles
Lower Monthly Payments
Your monthly payments are 30%-60% lower than for a purchase loan of the same term.
Get Access to Better-Equipped Lease Vehicles
You get more truck for the same money, and drive a new vehicle.
Fewer Lease Maintenance Headaches
Lease for a term length that coincides with the length, in months, of the manufacturer's warranty coverage, so if something goes wrong with the vehicle, it's covered.
Low Initial Cash Outlay
Most vehicle leases require little or no down payment, which makes getting into a new vehicle more affordable and frees up your cash for other things.
Lower Tax Bite
In Canada, you don't pay sales tax on the entire value of a vehicle. The tax is spread out and paid along with your monthly lease payment.
No Used-Auto Hassles
Buying vs. Leasing: Which is the better option for my needs?
With the average cost of a new vehicle rising each year, it is becoming more important to understand the options available for financing.
Leasing has become a more widespread option available to consumers through a number of different sources including independent lessors, automobile manufacturers, local dealerships and financial institutions. However, leasing is not for everyone,
Before you decide you should consider the following questions:
How long you do you want to keep your vehicle?
How many kilometers you typically drive each year?
How much money you want to spend on an initial payment?
How you value ownership or equity of your vehicle?
When you lease, you pay only for what you have used of the vehicle. The most notable advantages of leasing are that it requires a lower initial cash outlay, the monthly payments are generally lower than a loan, and you can usually get more vehicle for your money.
For businesses and business owners, it keeps debt off your balance sheet and can free up your operating lines of credit.
When you buy your vehicle, either with cash outright or with a financial agreement, you are building equity toward ownership. The main advantage is you own the vehicle after all the payments are made. The key disadvantage is by the time you actually own it, the vehicle may have cost you far more than what it was worth.
Leasing has become a more widespread option available to consumers through a number of different sources including independent lessors, automobile manufacturers, local dealerships and financial institutions. However, leasing is not for everyone,
Before you decide you should consider the following questions:
How long you do you want to keep your vehicle?
How many kilometers you typically drive each year?
How much money you want to spend on an initial payment?
How you value ownership or equity of your vehicle?
When you lease, you pay only for what you have used of the vehicle. The most notable advantages of leasing are that it requires a lower initial cash outlay, the monthly payments are generally lower than a loan, and you can usually get more vehicle for your money.
For businesses and business owners, it keeps debt off your balance sheet and can free up your operating lines of credit.
When you buy your vehicle, either with cash outright or with a financial agreement, you are building equity toward ownership. The main advantage is you own the vehicle after all the payments are made. The key disadvantage is by the time you actually own it, the vehicle may have cost you far more than what it was worth.
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Where to get what you need
- Professional Fleet Leasing
- Where you get quality for your money
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